• Internet tips - investment - tech - Tech Facts - tech news

    Nigeria May Lose Tax Debt If Multichoice Is Sold

    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…