Authorities in the United Kingdom have disqualified Next International (UK) Limited, a business that is primarily controlled by Labour Party presidential candidate Peter Obi, for failing to file its annual reports.
According to Premium Times, an online publication, the firm was struck off the records in September 2021 as a result of first and second gazette notices of “compulsory” strikeoffs.
In the UK, failure to submit annual accounts or neglect to inform Companies House of a change in the official registered office address results in a business being forced to be struck off by creditors or the Companies House.
A company’s information will be deleted from the Companies House record when it has been struck off, and it no longer exists.
Next International (UK) Limited was struck off the register and liquidated in 2021 as a result of failing to file its annual reports for the year 2020.
However, the UK mandates that the Registrar of Companies House issue the business at least two official letters warning that failure to complete its annual accounts would result in its removal from the register before a company is struck off.
According to UK Liquidators, a financial consultancy business, Companies House will publish a first “strike off notice” in the Gazette, which is the official journal of public record, if it doesn’t get a response to its letters.
Next International received two formal notices to be struck off, the first on June 22, 2021, and the second on August 31, 2021. On September 7, 2021, a definitive gazette dissolving the firm was published.
Records indicate that, prior to Next International’s eventual dissolution, the UK Companies House was required to always issue a “first gazette notice for compulsory strike-off” before Next International submitted its annual account for four consecutive years (2017, 2018, 2019 and 2020). The mandatory strike-off action would thereafter be stopped as soon as the firm submits its annual reports, according to a gazette.
On May 16, 1996, Next International became a private limited corporation. While his wife Margaret acted as secretary, Mr. Obi was identified as a director. Both Mr. Obi and Next International (Nigeria) Limited, each holding one ordinary share, were named as shareholders.
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The company disclosed obtaining a mortgage on a home at 53 Clyde Road in Croydon from Lloyds TSB Bank Plc.
Obi left his position as director of Next International on May 16, 2008, 14 months after taking office as the governor of Anambra State.
Even after taking office on March 17, 2006, he broke Nigerian law by continuing to be a director of the corporation.
In Nigeria, Section Six (6) of the Code of Conduct Bureau and Tribunal Act mandates that anybody who becomes a public official must cease operating or managing a private company, unless it is farming.
The former governor acknowledged to Premium Times in 2021 that he failed to disclose these businesses, as well as the money and assets they held, in his asset declaration filings with the Nigerian government’s Code of Conduct Bureau, which handles matters of corruption, conflicts of interest, and abuse of office by public officials.
At the time, Mr Obi claimed he was ignorant that the law requires him to report assets or firms he jointly owned with his family members or anybody else.
Politics!
Too bad
Ok
Ok
Bad
Ya
Not nice
Bad
Good
As in Politics
Yh
Chai account problem
Hmm mm
Okay
How life guys
That’s really bad
Why na?
This is bad.
It’s a huge loss.
This is bad.
It’s a huge loss to him.
This shouldn’t stop him o
What rubish
What a great lost
Why?
This is bad
This is bad
Okay
My Good
Nice one
That is very bad
Good
Yeah very good
Thanks
Nice
Hmm, it is well
Ok
Wow
Not good at all
This is not good
Omo
Sorry
Sorry
It can stop him
So sad
Peter obi is the one we want oooo
This is really bad
Okay
No naw not now
May God Almighty help us in this Country ooo
Hmmmm, I pray that God Almighty will uphold our economy and placed it right
Cause our economy is weak
But only one thing I know is God will change our economy status one day
Good
Better
Fantastic
Lovely
That was rather unfortunate. It may be resolved as soon as possible.
But why
Is not good like that
Okay
Nice one
Okay
Incomplete news.
Good
All planned
Very incomplete
He has his reasons
Hmmm
Nawa o
Nawa oo
Hmm
Politics everywhere
So pathetic
Even after holding a political position. Can corruption ever free this country. A presidential aspirant.
Fayyyy
Too bad
Hmmm
Hmm
Fair enough
Ok
Hummmm
Account problematic
Nigeria needs prayer
Good
Nice
Very good
Account problems
Is like plan work
Hmmmm
Ok
Incomplete news.
Too bad
Hmmm
Dis is serious
Gytetrr
Incoming president
God bless Nigeria
Future messiah
okay
Ok
Cool
Ok
Noted
Hmmm
Okay
Okay
Alright