MultiChoice Nigeria Shines At MIPAD Top Global 100 Under-40 List

The Most Influential People of African Descent (MIPAD) has named two MultiChoice Nigeria Executive Heads to its MIPAD Global Top 100 Under 40 List for 2021. Mrs Omoyeme Effiong, Executive Head of Customer Value Management, and Dr. (Mrs) Busola Tejumola, Executive Head Channels and Content West Africa.

MIPAD stands for Most Influential People of African Descent and is a global civil society project in support of the UN International Decade for People of African Descent.

Following the opening of the 76th United Nations General Assembly on Sunday, October 3rd, the Most Influential People of African Descent (MIPAD) Recognition and Awards Ceremony honoured outstanding personalities and high achievers of African descent from around the world for their positive contributions.

Recall that, In a statement, Andersen, a leading tax and business advisory firm, asked how the Federal Inland Revenue Service (FIRS) arrived at the N1.8 trillion assessment and urged both parties not to get caught up in a saga that could damage their reputations.

In faulting FIRS, Andersen claims that Nigeria contributes 10.19% to MultiChoice’s revenue. The firm’s viewpoint was outlined in a blog post on its website. The article, titled “Reputational Risks and Tax: MultiChoice as Case Study”, claimed that the FIRS may have used a flawed computational premise and created the appearance that it is biased against international companies doing business in Nigeria.

According to the firm, the FIRS’ claim that Nigeria accounts for 34 per cent of MultiChoice’s revenues, ahead of Kenya with 11 per cent and Zambia in third place with 10 per cent was misleading.

“Thus, the effective total revenue of Nigeria to the group is 10.19 per cent. Arguably, 10.19 per cent is significantly different from 34 per cent of total revenue. However, one cannot help but question whether some other parameters in the computation of the alleged tax liability are also misleading,” Andersen stated.