One - cap Nigeria international Michael Odibe is now technically a free agent after his Ukrainian club Arsenal Kiev on Tuesday started bankruptcy proceedings.<br /><br />&nbsp;General director of Arsenal Kiev, Victor Golovko said that the capital club will likely cease to exist.<br /><br />&ldquo;I would like to inform you that, regrettably, today, and there were no sponsors and patrons of the arts.<br /><br />&ldquo;In spite of all the appeals, the football club Arsenal did not wait on anybody to help and support in this difficult period.<br /><br />&ldquo;So with sincere pain in my heart, I have to declare: Arsenal Football Club began bankruptcy proceedings, the team is removed from the competition,&rdquo; Golovko told the official website of Arsenal Kiev.<br /><br />Mchael Odibe&rsquo;s contract with Arsenal Kiev was due to expire in December 2013.<br />