The deposit of 50% of the sum was a condition that had to be fulfilled by Multichoice Nigeria before a tribunal could hear a full appeal on the matter, the Nigerian tax authority said.
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One could be forgiven for thinking that the Nigerian authorities are acting opportunistically, if reports of a massive penalty by the Nigerian Federal Inland Revenue Service against MultiChoice are true.
Nigeria’s revenue service said on Thursday it had instructed banks to freeze the accounts of media entertainment firm MultiChoice Africa and its Nigerian subsidiary.