The Federal Inland Revenue Service, FIRS, has appointed some commercial banks as agents to recover the sum of N1.8trn from accounts of MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA).

This was contained in a statement signed by the Executive Chairman, Muhammad Nami and released on Thursday.

The statement confirmed that the decision to appoint the banks as agents and to freeze the accounts was as a result of the group’s continued refusal to grant FIRS access to its servers for audit.

It was discovered that the companies persistently breached all agreements and undertakings with the Service.

The FIRS stated that the companies have failed to promptly respond to correspondences, they lack data integrity and are not transparent as they continually deny FIRS access to their records.

Particularly, it said 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.

MORE: https://witnessngr.com/firs-directs-banks-to-freeze-multichoice-accounts-over-n1-8trn-tax-liability/

The Federal Inland Revenue Service, FIRS, has appointed some commercial banks as agents to recover the sum of N1.8trn from accounts of MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA).

Is this not too much,why do they allowed them to own this much

...

FIRS that recruited 2000 workers secretly are they now looking for money to pay workers?

That's alot of money, why did they allow the money to accumulate to such amount

That's obvious political, how could ordinary Multichoice indebted to the tune of N1.8trn in tax. I think that was why SA sold Shoprite to avoid problem in tax. Even all Nigeria Banks can not owe up to that if they didn't pay for 2 years. This is Economic Xenophobic attack. A company that invested #800b in total in the last five years owing #1.8Trn. Kuku kill them

Iceyjayzz:
That's alot of money, why did they allow the money to accumulate to such amount

Not really accumulated, more like estimated tax liability, the company is accused of underreporting, refusal to open its books and declining of access to its server.

Buhari govt commiting another economic treachery out of desperation after squandering all the money he borrowed ...this is is the same mistake he made with MTN that triggered a bout of capital flight that tanked the economy at that time ...Buhari govt in it's desperation to look for money is has now resorted to Buccaneering selfhelp equivalent to economic highwaymanship.. Multi choice has less than 9 million subscribers in Nigeria and where does Buhari want them to get 1.8 trillion from ?

Iceyjayzz:
That's alot of money, why did they allow the money to accumulate to such amount

They are not owing the govt anything ..Buhari govt is just broke after it's poor leadership and looking for who to extort

Every company in Nigeria suffers due to bad economy/governance, stringent policies and increasing taxes here and there.

On the other hand, multi-choice are equally corrupt. Pple pay so much for so little. The constant repetition of old TV shows without any update, exorbitant subscription prices, with the fact that it's not even pay-as-you-go was d reason I dumped their services completely.

They should carry their cross.

Countinue Freezing, One Day Chaina Will Freeze Nigeria's Account Over Dept.

FarahAideed:


They are not owing the govt anything ..Buhari govt is just broke after it's poor leadership and looking for who to extort

Is there any proof to this your statement?

OlujobaSamuel:

Not really accumulated, more like estimated tax liability, the company is accused of underreporting, refusal to open its books and declining of access to its server.

Okay. i get it now.

Iceyjayzz:
Is there any proof to this your statement?

thank you he doesn't have any

Iceyjayzz:
Is there any proof to this your statement?

There is a reason you are the way you are

ERockson:
That's obvious political, how could ordinary Multichoice indebted to the tune of N1.8trn in tax. I think that was why SA sold Shoprite to avoid problem in tax. Even all Nigeria Banks can not owe up to that if they didn't pay for 2 years. This is Economic Xenophobic attack

Obviously

OlujobaSamuel:

Not really accumulated, more like estimated tax liability, the company is accused of underreporting, refusal to open its books and declining of access to its server.

More like the way Disco targets it's electrical consumers with with it's outrageous bills

Iceyjayzz:
That's alot of money, why did they allow the money to accumulate to such amount

litle bribe to taskforce is the cause

Iceyjayzz:
That's alot of money, why did they allow the money to accumulate to such amount

litle bribes to taskforce is the cause

And we are talking about the ease of doing business o!

ERockson:
That's obvious political, how could ordinary Multichoice indebted to the tune of N1.8trn in tax. I think that was why SA sold Shoprite to avoid problem in tax. Even all Nigeria Banks can not owe up to that if they didn't pay for 2 years. This is Economic Xenophobic attack. A company that invested #800b in total in the last five years owing #1.8Trn. Kuku kill them

I love smart people , they make the world work ..you are smart

FarahAideed:


There is a reason you are the way you are

It's better to keep shut sometimes than saying what you don't Know

Iceyjayzz:
It's better to keep shut sometimes than saying what you don't Know

Sharap and getat

Nice one