EDITORIAL: MultiChoice sees a bad movie replay in Nigerian tax bill
Pay-TV group is the latest foreign victim of the West African government’s shakedowns
22 October 2021 - 05:00
For a country struggling to diversify its economy away from oil, a fossil fuel shunned by investors and consumers, you’d think Nigeria would think twice about targeting foreign companies with its now familiar shakedown playbook.
MultiChoice, the SA satellite pay-TV group with a big presence in the West African country, is the latest victim of President Muhammadu Buhari’s administration, which has slapped it with a $4.4bn (or more than R60bn in today’s money) tax bill...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.