FIRS engages banks to recover N1.8trn from Multichoice companies

The Federal Inland Revenue Service (FIRS) has engaged some commercial banks as agents to freeze and recover N1.8 trillion from accounts of Messrs MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA).
This is contained in a statement issued by Mr Abdullahi Ahmad, Director, Communications and Liaison Department of FIRS in Abuja on Thursday.
The FIRS explained that the decision to appoint the banks as agents and to freeze the accounts was as a result of the groups’ continued refusal to grant FIRS access to their servers for audit.
The service said it discovered that the companies persistently breached all agreements and undertakings with the Service.
The Executive Chairman FIRS, Mr Muhammad Nami, was quoted as saying, “the companies would not promptly respond to correspondences, they lacked data integrity and are not transparent as they continually deny FIRS access to their 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” Nami stated.


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