Next International, one of the offshore companies owned by former governor Peter Gregory Obi, has been dissolved by the authorities in the United Kingdom.
The company, according to an exclusive report by a Nigerian digital newspaper Premium Times, was struck off over failure to submit its annual accounts.
Peter Obi is currently vying for the post of president of the Federal Republic of Nigeria under the umbrella of the Labour Party (LP) in the coming 2023 general elections.
Premium Times said the company was removed from the record in September 2021 following a first and second gazette notice of “compulsory” strike off of the entity.
In the UK, 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. Once a company is struck off, its details will be removed from Companies House register and the company ceases to exist.
Next International (UK) Limited failed to submit its annual accounts for the year 2020, hence, the company was struck off and dissolved in 2021.
Before a company is struck off, however, the UK requires the Companies House’s Registrar to send at least two formal letters to the company warning that a failure to file its annual accounts will lead to its removal from the register.