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 countryâs audit and transparency laws. Picture: Karen Sandison/African News Agency(ANA)
MultiChoice comes under fire in Nigeria
By Banele Ginindza
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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 countryâs audit and transparency laws.