Reps To Probe Multichoice N1.8 Trillion, $342 Million Debt

Reps To Probe Multichoice N1.8 Trillion, $342 Million Debt

House of Representatives has resolved to investigate why MultiChoice Nigeria has failed to remit about N1.8 trillion and $342 million in tax revenue to the Nigerian government.

The House warned Multichoice Africa who are the potential buyers of Multichoice Nigeria, or any other subsidiaries of the Multichoice Group operating in Nigeria to be aware of the alleged outstanding indebtedness to the Nigerian government which may have been covered in their papers.

The resolution followed a motion on notice sponsored by the deputy chairman of the House Committee on Finance, Saidu Abdullahi (APC, Niger).

The investigation is to focus on the possible suppression of information discovered from the submissions of MultiChoice in their home country.

The lawmaker informed the House that the Federal Inland Revenue Service was established in 2007 as one of the revenue collection Agencies, and is expected to collect revenues on behalf of the Federation and remit the same to the government’s treasury.

According to him, the oversight functions of the National Assembly as provided in Sections 88 and 89 of the 1999 Constitution (as amended) are to enable the Legislature to investigate within its legislative competence to prevent and expose corruption, inefficiency, or waste in the execution or administration of laws.


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