A UK court has disqualified Nduka Obaigbena, founder of Thisday and Arise News, for 7 years as a director due to the compulsory liquidation of Arise Networks Ltd, caused by funding and financial difficulties related to the news channel’s operations. The Judgment handed on the 8th of April, 2021 by the High court of Justice, Business and Property Courts of England and Wales revealed that as of 31 December, 2013 the company’s liabilities were “Losses of £3,854,112; trade and expense debts of £1,545,883; related company debts of £3,094,260.” The application…
Read MoreUK COURT DISQUALIFIES NDUKA OBAIGBENA AS DIRECTOR FOR 7 YEARS
