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UK Authorities Dissolve Peter Obi’s Company, Next International Over Refusal To Submit 2020 Annual Accounts

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For failing to submit its annual accounts, authorities in the United Kingdom, UK, have struck off Next International (UK) Limited, a company largely owned by Nigerian top politician and presidential candidate of the Labour Party, Peter Obi.

According to Premium Times, the company was 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. 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.

According to UK Liquidators, a financial consulting firm, if Companies House receives no reply to its letters, it will then publish a first ‘strike off notice’ in the Gazette, which is the official journal of public record.

The first official notice to strike off Next International was issued on 22nd June 2021, then a second notice was given on 31st August 2021. A final gazette to dissolve the company was issued on 7th September 2021.

Before its final dissolution, records show that for four consecutive years (2017, 2018, 2019 and 2020) the UK Companies House had to always issue a “first gazette notice for compulsory strike-off” before Next International filed its annual account. Then immediately the company submitted its annual accounts, a gazette will be issued to discontinue the compulsory strike-off action.

A private limited company, Next International was incorporated on 16t May 1996. Mr Obi was listed as a director while his wife, Margaret, served as secretary. Next International (Nigeria) Limited (with 999 ordinary shares) and Mr Obi (with one ordinary share) were listed as shareholders.

Records show that the company was registered as business “agents involved in the sale of a variety of goods” in England and Wales.

The firm reported taking a mortgage from Lloyds TSB Bank Plc for a property on 53 Clyde Road, Croydon.

On 16 May 2008, 14 months after assuming duties as governor of Anambra State, Mr. Obi resigned as the director of Next International.

He took office on March 17, 2006, but continued to serve as a director of the company in violation of Nigerian law.

In Nigeria, a person is statutorily required to withdraw from engaging in or directing a private business, except if it is farming, upon becoming a public officer, Section Six (6) of the Code of Conduct Bureau and Tribunal Act provides.

The former governor admitted to PREMIUM TIMES in 2021 that he did not declare these companies and the funds and properties they held in his asset declaration filings with the Code of Conduct Bureau, the Nigerian government agency that deals with the issues of corruption, conflict of interest, and abuse of office by public servants.

At the time, Mr Obi said he was unaware that the law expected him to declare assets or companies he jointly owns with his family members or anyone else.

BIG STORY

US Sends Troops To Nigeria After December Airstrikes

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The United States has deployed a small team of troops to Nigeria, the first official US military presence on the ground since airstrikes targeted terrorists on Christmas Day 2025.

The deployment of Nigeria follows airstrikes ordered by President Donald Trump in December 2025 on what he described as “Islamic State targets” in the country.

Trump had also indicated that further US military action in Nigeria could follow.

Reuters reports that the US had been conducting surveillance flights over Nigeria from neighbouring Ghana since at least late November 2025, providing intelligence support ahead of the December strikes.

According to a report by Reuters on Tuesday, the deployment follows an agreement between the Federal Government and Washington to deepen cooperation against growing terrorist threats in West Africa

Head of the U.S. Africa Command, General Dagvin R.M. Anderson, said during a press briefing on Tuesday, “That has led to increased collaboration between our nations to include a small US team that brings some unique capabilities from the United States.”

He did not disclose the size or specific role of the team but said it would support Nigeria’s counterterrorism efforts.

According to Reuters, Defence Minister Christopher Musa also confirmed the team’s presence but declined to give further details.

Security sources cited by Reuters said the Americans are likely involved in intelligence gathering and assisting Nigerian forces in targeting groups such as Boko Haram and the Islamic State West Africa Province.

Nigeria has faced intense pressure from Washington over its handling of terrorist attacks, particularly after U.S. President Donald Trump accused the government of failing to protect Christians in the northwest — a claim the Federal Government has rejected.

The FG has stressed that its military operations target all armed groups that attack civilians, regardless of religion.

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BIG STORY

BREAKING: Lagos Assembly Suspends Makoko Demolition

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Following protests by residents and advocacy groups, the Lagos State House of Assembly has ordered an immediate suspension of ongoing demolitions in Makoko.

Rising from a meeting between lawmakers and representatives of the Makoko community at the Assembly Complex in Alausa, Ikeja, on Tuesday, the Majority Leader of the House, Noheem Adams, issued a directive to halt the demolitions.

“On behalf of the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, and honourable members of this House, we are taking this matter seriously. All ongoing demolitions should be stopped,” Hon. Adams said.

He added that the Assembly would work with relevant ministries and agencies to review issues surrounding the demolitions and ensure all stakeholders are properly engaged.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, adding, “We want to see the list of the taskforce that was constituted because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting.”

Hon. Adams assured residents of the affected communities that, “As your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Similarly, Hon. Stephen Ogundipe, member of the ad-hoc committee, said there is a need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, Special Adviser to the Governor of Lagos on E-GIS and Urban Renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritising resident safety and fair compensation.

 

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BIG STORY

JUST IN: DSS Arraigns Malami, Son Over Firearms Possession, Terrorism Financing

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The Department of State Services has arraigned former Attorney-General of the Federation, Abubakar Malami, and his son, Abdulazeez Malami, on five-count charges of terrorism financing and illegal firearm possession.

As reported by Channels Television on Tuesday, they were arraigned before Justice Joyce Abdumalik of the Federal High Court, Abuja.

In the charge filed before the Federal High Court in Abuja, Malami is also accused of refusing to prosecute suspected terrorism financiers, whose case files were handed to him while he served as the AGF and Minister of Justice.

Malami and Abdulaziz are equally accused of warehousing firearms in their residence at Gesse Phase II Area, Birain Kebbi LGA, Kebbi State, without lawful authority.

In count one of the charge, the DSS said the Former AGF with knowingly abetting terrorism financing, while the ex-AGF and his son are charged in counts two to five, with unlawful, possession of a Sturm Magnum 17-0101 firearm, 16 Redstar AAA 5720 live rounds of cartridges and 27 expended Redstar AAA 5’20 cartridges, contrary to and punishable under relevant Sections of Terrorism (Prevention and Prohibition) Act, 2022 and Firearms Act, 2004.

Malami and Abdulaziz pleaded not guilty when the counts in the charge sheet were read to them.

Shortly after they pleaded to the charge, prosecuting lawyer, Calistus Eze, prayed the court to order their remand in the custody of the DSS and fix a date for the commencement of trial.

Responding, defence lawyer Shuaibu Aruwan (SAN) orally applied for bail for the defendants, arguing that the defendants have been in DSS custody for over two weeks.

Justice Joyce Abdulmalik rejected the oral bail application, noting that her court is a court of record, and ordered the defence to file a formal application for bail.

She ordered that the defendants be remanded to the custody of the DSS and adjourned the matter till February 20 for the commencement of the trial.

Counts in the charge read:

“That you, Abubakar Malami of Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, Adult, male, sometime in November, 2022 at Federal Ministry of Justice, Maitama, Abuja, within the jurisdiction of this honourable court, did knowingly abet terrorism financing by refusing to prosecute terrorism financiers whose case files were brought to your office as the Attorney-General of the Federation, for prosecution, and thereby committed an offence contrary to and punishable under Section 26 (2) of Terrorism (Prevention and Prohibition) Act, 2022.

“Abubakar Malami and Abdulaziz Abubakar Malami of Gesse Phase II, Area, Birnin Kebbi LGA, Kebbi State, adults, males, sometime in December, 2025, in your res:dence at Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court, did engage in a conduct in preparation to commit act of terrorism by having in your possession and without licence, a Sturm Magnum 17-0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar AAA 5’20 Cartridges, and thereby committed an offence contrary to and punishable under Section 29 of Terrorism (Prevention and Prohibition) Act, 2022.

“That you, Abubakar Malami and Abdulaziz Abubakar Malami, of Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, adults, males, sometime in December 2025, in your residence at Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this honourable court, without la icence, did have in your possession a Sturm Magnum 17-0101 firearm, and thereby committed an offence contrary to Section 3 of the Firearms Act 2004 and punishable under Section 27 (1) of the same Act.

“That you, Abubakar Malami and Abdulaziz Abubakar Malami, of Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, adults, males, sometime in December, 2025, in your residence at Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this honourable court, without licence, did have in your possession sixteen (16) Redstar AAA 5’20 live rounds of cartridges, and thereby committed an offence contrary to Section 8(1) of Firearms Act 2004 and punishable under Section 27 (1) of the same Act.

“That you, Abubakar Malami and Abdulaziz Abubakar Malami, of Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, adults, males, sometime in December, 2025, in your residence at Gesse Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this honourable court, without licence, did have in your possession twenty-seven (27) expended Redstar AAA 5’20 cartridges, and thereby committed an offence contrary to Section 8(1) of Firearms Act 2004 and punishable under Section 27 (1) of the same Act.

 

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