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The News Beam
Home News Business & Economy

MultiChoice Company Reacts to FG’s Order to Freeze Its Bank Accounts

July 9, 2021
in Business & Economy, Economy, Finance, News
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MultiChoice Company Reacts to FG's Order to Freeze Its Bank Accounts
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MultiChoice, a Nigeria’s pioneer pay TV service provider that offer premium entertainment through DStv and GOtv platforms has reacted to the news of the Federal Government ordering commercial banks to freeze its accounts due to the N1.8 trillion tax it owes the Government.

Recall that TheNewsBeam reported that the Federal Government through the Federal Inland Revenue Service (FIRS) in a statement ordered banks to freeze all accounts of Messrs MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA) in Nigeria due to the tax of N1.8 trillion it owes the government.

The statement accuses MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA) of under-remittance of taxes, non-compliance with Nigerian tax laws, lack of data integrity, transparency, and denying the FIRS access to MCN’s records, among other things.

However, MultiChoice has released an official statement reacting to the accusation stating that:

“We have read the media reports and the statements made by the Federal Inland Revenue Service (FIRS).

“MultiChoice Nigeria has not received any notification from FIRS. MultiChoice Nigeria respects and is comfortable that it complies with the tax laws of Nigeria.

“We have been and are currently in discussion with FIRS regarding their concerns and believe that we will be able to resolve the matter amicably.”

MultiChoice launched the first digital satellite broadcasting service in 1993. It is joint venture between MultiChoice Africa and Nigerian businessman and Senior Advocate of Nigeria (SAN), Adewunmi Ogunsanya.

It has over 1000 employees while indirectly supporting over 20,000 more jobs.

MultiChoice offers premium entertainment comprising general entertainment, news, information, sports and education channels through our DStv and GOtv platforms. Today, more than 70% of Nigerians enjoy content in their mother tongues through Africa Magic Igbo, Yoruba and Hausa channels.

Read Also: FG Orders Banks To Freeze Accounts of MultiChoice Company

Tags: BANKBank AccountFGFIRSFreezeMultiChoiceReact
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