The Obi-Datti Media Office has cleared the air on the circumstances surrounding the liquidation of Next International (UK) Ltd, one of the companies of Labour Party presidential candidate, Peter Obi.

Blaze fm reports that for failing to submit its annual accounts, authorities in the United Kingdom, struck off the company largely owned by Obi.

The company was reportedly removed from the record in September 2021, following a first and second gazette notice of a “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.