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    Nigeria May Lose Tax Debt If Multichoice Is Sold

    March 3, 2024 - By 

    A member of the Nigerian House of Representatives, Saidu Abdullahi has revealed that there are ongoing arrangements to sell Multichoice Group and its subsidiaries to a foreign buyer. However, there is a concern as the company has unresolved tax debts and this calls for urgent actions for MultiChoice to recover the outstanding taxes. In Abdullahi’s words, “There are ongoing arrangements to sell Multichoice Nigeria and Multichoice Group subsidiaries in Nigeria to a foreign interest, while tax indebtedness is outstanding. If urgent actions are not taken to recover the tax revenues from the Multichoice Group, Nigeria may lose huge revenue that…

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    Reps to Regulate AI use in Nigeria

    November 2, 2023 - By 

    The House of Representatives is planning to enact laws that would regulate use of Artificial Intelligence (AI) in the Nigeria. Speaker, Tajudeen Abbas disclosed on Monday. that this move was to guide against abuse such as identity theft. Abbas, who made the disclosure at the 7th Convocation Ceremony organised by the National Institute For Legislative And Democratic Studies in collaboration with the University of Benin, held in Abuja, stressed the need for Nigeria to have a regulatory framework in place for emerging technologies. According to him, although new technologies such as AI and robotics have immense benefits, there is a…