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MultiChoice comes under fire in Nigeria

Multichoice wiped off 7.38 percent of its market value to close at R8.84 as Nigerian authorities trained their guns on the entertainment group, with regulators issuing a freeze on its accounts to recover $4.4 billion (R63bn) for allegedly failing to comply with the country’s audit and transparency laws. Picture: Karen Sandison/African News Agency(ANA) MultiChoice comes under fire in Nigeria By Banele Ginindza Share MULTICHOICE wiped off 7.38 percent of its market value to close at R8.84 as Nigerian authorities trained their guns on the entertainment group, with regulators issuing a freeze on its accounts to recover $4.4 billion (R63bn) for allegedly failing to comply with the country’s audit and transparency laws.

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