Skip to main content

Nigerian govt accuses Multichoice of N1.8 trillion tax fraud

Nigerian govt accuses Multichoice of N1.8 trillion tax fraud

-Moves to freeze accounts

July 8, 2021.
By Morenike Adetunji


Multichoice, owner of the satellite television, DSTV, a popular subscription-based platform in Nigeria.




Federal Inland Revenue Service (FIRS) has engaged some commercial banks as agents to freeze and recover N1.8 trillion from accounts of MultiChoice Nigeria Limited And MultiChoice Africa, as reported by the News Agency of Nigeria.(NAN)

This is contained in a statement issued by Abdullahi Ahmad, Director, Communications and Liaison Department of FIRS in Abuja on Thursday.

Multichoice is the owner of the satellite television, DSTV, a popular subscription-based platform in Nigeria.

Read also: RMD GLOWS AT 60

The FIRS explained that the decision to appoint the banks as agents and to freeze the accounts was as a result of the groups’ continued refusal to grant FIRS access to their servers for audit.

The service said it discovered that the companies persistently breached all agreements and undertakings with the Service.



The Executive Chairman FIRS, Muhammad Nami, said that the companies would not promptly respond to correspondences, they lacked data integrity and are not transparent as they continually deny FIRS access to their records.

“Particularly, MCN has avoided giving the FIRS accurate information on the number of its subscribers and income. The companies are involved in the under-remittance of taxes which necessitated a critical review of the tax-compliance level of the company,” Mr Nami stated.

The service added that the groups’ performance did not reflect in their tax obligations and compliance level in the country.


Comments

  1. QASIM AKINRETI8 July 2021 at 16:46

    Fair attempt. Longer headline and kicker. No audio visual and Graphics. Less paragraphs. No date line.

    ReplyDelete
    Replies
    1. Morenike9 July 2021 at 00:04

      Okay sir, duly noted. Many thanks sir.

      Delete

Post a Comment

Popular posts from this blog

Burna Boy drops remixes, visuals for “Tested, Approved & Trusted’

  Burna Boy is turning up the heat with not one, but two explosive remixes accompanied by it’s music video for his smash hit “Tested, Approved & Trusted.” of his latest studio album. In the first remix, Burna Boy joins forces with the dynamic duo, Major League DJZ. Hold on tight as they inject the track with their signature amapiano sound, creating a dance floor anthem guaranteed to set pulses racing. But the party doesn’t stop there! The “Tested, Approved & Trusted” remix featuring Prince Swanny takes things in a whole new direction. Prince Swanny infuses the single with his electrifying energy, crafting a vibe that’s perfect for late-night adventures and whispered sweet nothings.
Post a Comment
Read more

Segun Odegbami Looses Son, Gbemisola

Former International footballer, Segun Odegbami's son, Oluwagbeminiyi, passed on Good Friday, March 29, 2024 after a brief illness. Odegbami who was with the deceased a day before he passed disclosed that they were working on a documentary project together before the tragedy struck. He described Gbeminiyi as a "highly gifted and multi-talented young man". Announcing the passing of his son, Odegbami wrote "Four hours after our exchange, I received the first of endless phone calls that eventful day, last Thursday: Gbemi is not feeling well; Gbemi is being taken to a hospital; the hospital has referred Gbemi to another hospital." He added " The hospital works on him for hours. Twelve hours after our first communication, and exactly five minutes past midnight, at the birth of Good Friday (a significant day in Christendom), the doctors call me for the umpteenth time that day to break my heart with the news that haunts me till now – Gbemi has passed on!". Od...
1 comment
Read more

FG raises electricity tariff despite economic hardship

The Federal Government via the Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country. The Vice Chairman of NERC, Musiliu Oseni, made this known in a press conference in Abuja on Wednesday. Power distribution companies (DisCos) will be allowed to raise electricity prices to N225 per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024, as reported by Leadership Newspaper. Oseni however disclosed that the rate increase will only affect 15 per cent of the electricity customers in the country, that is,  Band A. He said, “We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 per cent now qualify as Band A feeders. These feeders only service 15 per cent of total electricity customers connected to the feeders. “The commission has issued an order which is titled ‘April Supplementary Order’ and the com...
Post a Comment
Read more