Nigerian revenue service seeks to freeze MultiChoice Africa accounts

PUBLISHED: Thu, 08 Jul 2021 07:19:29 GMT

HARARE, July 8 (Reuters) – Nigeria’s revenue service said on Thursday it had instructed banks to freeze the accounts of MultiChoice Africa and its Nigerian subsidiary because the companies had refused it access to their servers for auditing.

The banks would have to recover 1.8 trillion naira ($4.4 billion), Federal Inland Revenue Service executive chairman Muhammad Nami said in a statement.

($1 = 411.0000 naira) (Reporting by Camillus Eboh Editing by Mark Potter)

(c) Copyright Thomson Reuters 2021. Click For Restrictions –

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.