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.
* * *
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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