UK authorities dissolve Peter Obi's company

Authorities in the United Kingdom have struck off Peter Obi's company for not submitting its annual accounts.

The company, Next International (UK) Limited was removed from the record in September 2021 following a first and second gazette notice of a “compulsory” strike off of the entity.

A compulsory strike-off is imposed on a company by creditors or by the Companies House for non-submission of annual accounts or failure to notify Companies House about a change of official registered office address.

Details of the company will be removed from Companies House register and the company ceases to exist, once it's struck off.

The Labour Party presidential candidate's company failed to submit its annual accounts for the year 2020, so the company was dissolved in 2021.

BEB