Audio By Carbonatix
The Nigerian government has frozen the accounts of Africa’s largest entertainment group, Multichoice, citing tax fraud and a lack of transparency about the number of its subscribers and income.
The country’s tax office wants to recover up to $4.4bn (£3.2bn).
It says even though 34% of the group's total revenue comes from Nigeria, Multichoice, which is based in South Africa, has refused to grant it access to its servers to allow officials to carry out an audit, according to head of the Federal Inland Revenue Service (Firs), Muhammed Nami.
In response, Multichoice said that while it had "not received any notification from Firs, [the company] 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."
Firs has directed banks in the country to help it recover the money it believes the company owes the government.
Multichoice owns satellite company DStv and cable company GoTV, making it the most popular television service provider in Nigeria.
It is not the first time a South African company with a large operation in Nigeria has run into hot water here.
In 2015, the Nigerian subsidiary of South African telecommunications giant MTN was fined $5.2bn by the government for failure to disconnect 5.2 million unregistered SIM cards. A reduction was later negotiated to $3.4bn.
Latest Stories
-
Bui Power Plant galamsey must be treated as national emergency – Collins Adomako
8 minutes -
Staff of DBG give back to communities
20 minutes -
CAF condemns “unacceptable behaviour” at AFCON final, opens review for disciplinary action
21 minutes -
Shatta Wale sues Blakk Rasta for GHS 100 Million over ‘King of Fraud’ allegations
25 minutes -
Galamsey Threat: Adomako-Mensah calls for 24-hour security at Bui Power Plant
36 minutes -
Afigya Kwabre North MP admits politicians failing in fight against galamsey
40 minutes -
DCE appeals for completion of Agenda 111 hospital in Asutifi North
44 minutes -
I don’t care who wins NPP primaries; may the best candidate emerge – Kofi Amoabeng
47 minutes -
Lower Manya Krobo MP rewards constituents for outstanding contributions to Kroboland development
50 minutes -
Elixir or Placebo? Microeconomics as the litmus test for Ghana’s Macroeconomic Recovery
54 minutes -
I won’t celebrate Ken Ofori-Atta’s troubles – Kofi Amoabeng
1 hour -
GPRTU announces a crackdown over illegal fare increases
1 hour -
COPEC urges NPA to scrap fuel price floors to ease costs for consumers
1 hour -
“Underestimate Dr Adutwum at your own risk” — Adutwum camp fires back at Bryan Achampong video
2 hours -
The role of curriculum in transmitting societal values: Why NaCCA must be resourced and empowered
2 hours
