The Federal Inland Revenue Service (FIRS) has directed banks to freeze all accounts of Messrs MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA) in Nigeria and to help it recover the sum of N1.8 trillion suspected to be taxes the company is owing to the Nigerian Government. The directives to the banks is contained in a statement by the executive chairman of FIRS, Muhammad Nami. The FIRS Chairman claimed that Multichoice group’s performance does not reflect in its tax obligations and compliance level in Nigeria. “ The level of non-compliance by Multi-Choice Africa (MCA), the parent Company of Multi-Choice Nigeria (MCN) is very alarming. The Executive Chairman, FIRS concluded that it is important that Nigeria puts a stop to all tax frauds that have been going on for too long.

Source: The Guardian July 08, 2021 09:45 UTC