x

FIRS moves to recover N1.8trn from MultiChoice Group

The Federal Inland Revenue Service (FIRS) on Thursday said it is working with some commercial banks in Nigeria to recover the sum of N1.8 trillion from accounts of MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA).

This was contained in a statement issued and made available to DAILY POST on Thursday by the FIRS Chairman, Muhammad Nami.

According to the statement, the service decided to involve the banks as agents to aid in freezing the accounts over the inability of the groups to grant FIRS access to its servers for audit.

The FIRS Chairman accused the companies of persistently breaching all agreements and undertakings with the service, stating that the group refused to respond to correspondences “and are not transparent as they deliberately refused to allow FIRS to access their important 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”, the statement added.

He lamented that some companies come into the country to “infringe on our tax laws by indulging in tax evasion. There is no doubt that broadcasting, telecommunications and the cable-satellite industries have changed the face of communication in Nigeria. However, when it comes to tax compliance, some companies are found wanting. They do with impunity in Nigeria what they dare not try in their countries of origin.”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

NTAC Director-General Receives Honorary Doctoral Fellowship for Excellence in Leadership

By Jabiru Hassan The Director-General of the Nigerian Technical Aid...

Sokoto L-PRES Trains Livestock Stakeholders on Antimicrobial Resistance

By Muhammad Ibrahim, Sokoto The Livestock Productivity and Resilience Support...

Uba Sani Condemns Killing of 12 Travellers, Urges Respect for Freedom of Movement

By Achadu Gabriel, Kaduna Governor Uba Sani of Kaduna State...

Gunmen Kill Police Inspector, Seize Rifle in Plateau

By Israel Adamu, Jos Gunmen suspected to be herders have...

Lagos Government Urges Property Owners to Renovate Building Exteriors

The Lagos State Government has called on property owners...

Africa’s Most Expensive Countries to Rent a Home in 2025

As urbanisation accelerates across Africa, housing demand is soaring—leading...
spot_img

Related Articles

Popular Categories

spot_imgspot_img