The House of Representatives has vowed to oversight the broadcasting industry more seriously due to the recent allegation by the Federal Inland Revenue Service that Multichoice, owners of DSTV based in South Africa, have evaded taxes to the tune of N1.8tn.
Before the House considered the probe report, Wase said, “This is one industry that requires serious intervention and oversight.” “The visible absence of competitors in the industry was tacit approval of monopoly of the industry by the present operators.” “Price increase and reduction have always been contentious issues for producers and consumers in the business world. Reasons adduced for and against have been contentious too.
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