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3 Min Read ABUJA (Reuters) -Nigeria’s revenue service said on Thursday it had told banks to freeze the accounts of units of pay-TV group MultiChoice to recover $4.4 billion, in the latest tax dispute between a South African-based company and Nigerian authorities. Nigeria’s Federal Inland Revenue Service (FIRS) said it had instructed banks to freeze the accounts of MultiChoice Africa and its Nigerian subsidiary for breaching agreements and denying access to records for auditing. Shares in MultiChoice, which denied the accusations and said the issue could be resolved amicably, fell more than 5% in Johannesburg. The case follows another dispute in 2018 involving South African mobile operator MTN Group whose Nigerian unit was ordered to pay $2 billion in taxes relating to imports and other payments from 2007 to 2017. The demand was later dropped.

South africaAbuja federal capital territorySouth africanEmma rumneyEdmund blairMutlichoice africaPromit mukherjeeMark potterMultichoice africaCamillus ebohChijioke ohuochaThomson reuters trust principlesNigeria federal inland revenue serviceMultichoice groupSouth african basedFederal inland revenue service