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Tuesday, 18 December 2018

COSON STAKEHOLDERS KICK AS PAYMENTS DEFYING ORDER ARE DISCOVERED




Embattled music house under the name Copyright Society of Nigeria is still neck deep in trouble. The recent findings of some financial disbursements made against an order, have sparked off a new row, leading to another public statement as published below.


The attention of stakeholders in the Music Industry is hereby drawn to the following.

Documents were filed at the Federal High Court in Lagos on Friday December 14, 2018 which indicate that in defiance of the suspension of the COSON licence and the directive to COSON from The Nigerian Copyright Commission (NCC) not to disburse COSON funds for reasons other than staff emolument, some payments were made from various accounts of COSON in May and June summarized as follows.

                                                       

       Bernice Eriemeghe       22,800,000.00

       TOPs                                   985,000.00

     Amalia Agatha                   200,000.00

     Adatia Resources Ltd        52,000.00

              Alliance Law           10,000,000.00

               Jus Partners           4,500,000.00

                Creative Legal       1,470,000.00

     Imuse Anthony                   1,077,000.00

        Preaby Nig Ltd               1,000,000.00

                          Total          42,186,000.00

This further buttresses the fact that a detailed forensic Audit needs to be carried out on the COSON Accounts. Why would payments of over ₦20 million be made to the society’s Finance & Admin Manager?
What services did TOPs entertainment render for it to be paid nearly ₦1.0 million?

The other payments are also not related staff emoluments.
The process to rescue COSON and turn it into a society that belongs to ALL is on –going, and will be achieved by the grace of God.

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The above statement, as signed by COSON Board comprising of : Efe Omorogbe, Sikiru Agboola, Obi Asika, Dare Fasasi, Joel Ajayi, Audu Maikori.

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