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Showing posts with label naira. Show all posts
Showing posts with label naira. Show all posts

Wednesday, April 8, 2020

MUSICIANS GET 50 MILLION NAIRA CORONAVIRUS RELIEF FROM COSON TO CUSHION THE ONGOING LOCKDOWN

BREAKING NEWS!

50 MILLION NAIRA CORONAVIRUS RELIEF FROM COSON TO CUSHION THE ONGOING LOCKDOWN



Starting from Tuesday evening, thousands of musicians across the country would receive bank alerts as Anti-Corona Emergency Relief Distribution from COSON, Nigeria’s biggest and most respected Copyright Collective Management Organization. The distribution is in reaction to the hardship and distress being faced by many musicians in Nigeria who have been affected by the ongoing coronavirus pandemic and the current lockdown which has also stopped entertainment activities across the country.
For the distribution, the COSON Board has approved the sum of 50 Million Naira to be shared amongst about 4,500 members on the society’s register as at May 19, 2019. In the midst of the current
crisis and following several S.O.S. messages from COSON members facing deep hardship all over the nation, the COSON Board over the weekend, met online in an emergency session and after vigorous discussions, approved the distribution.
Speaking on the development, COSON Chairman, Chief Tony Okoroji said, “I have personally received calls from several members of COSON who are desperate for immediate assistance of any kind. Other members of our Board have received similar messages. At a time like this, COSON must be responsible and responsive to the needs of our members and we should do everything we can to help them wade through these hard times. That is the very reason why COSON was set up. I am proud of the quick response of members of the COSON Board who showed great understanding that we must be our brothers’ keeper at a time like this.
“Starting immediately, with the co-operation of the banks, each qualified member of COSON will receive a modest sum of eleven thousand naira in what we have termed Anti-Coronavirus Emergency Relief (ACER) General Distribution. We are able to do this because of the deft management of our resources. We wish we could do more. I however believe that most people are aware of what we have been through in recent times. Let me thank the COSON management team of Vincent Adawaisi, Isa Aruna and Anthony Imuse who burnt the midnight oil to ensure that the decision of the Board is executed with dispatch”.
On outstanding Specific Distributions, the COSON Chairman said, “Every member of the Board is very eager that all outstanding specific distributions should be paid without any delay. The issue was prominent in our discussions on the emergency relief distribution. While the Board and the General Assembly have approved the specific distributions, it is common knowledge that COSON funds in two banks are frozen. The money for the specific distributions is domiciled in the frozen accounts. The money is safe. Not one Naira is missing. It is also common knowledge that we have gone to court to have the accounts unfrozen and immediately that happens, the money will be paid. In any case, all those entitled to Specific distribution will also receive the Anti-Coronavirus Emergency Relief (ACER) General Distribution.
“It is unfortunate that it is some of our colleagues that requested the banks to freeze the accounts which has brought this suffering to innocent COSON members and even to those who took the action. That is why we need to be very careful about what we say and what we do.”
“I hope that we will use this very challenging period to think deeply. We have built COSON to be there for musicians through thick and thin. We work hard to ensure that COSON takes care of musicians while they are alive and celebrates them even in death. Has anyone forgotten how in an unprecedented manner we buried the late Ras Kimono like a king?
Said the COSON Chairman, “Some people may think that because things are going well for them today, they will never need COSON. I have been in the industry long enough to know that the day will come when each of us needs an institution like COSON. When I hear people in our industry call on government to clamp down on COSON or that those who owe us money should not pay us, I ask why anyone would choose to urinate into a well from which he might soon draw water to drink when he is desperately thirsty”
Concluded Chief Okoroji, “I know that I cannot please everyone but I am working hard every day to lift up the musicians of Nigeria, promote and defend our industry and provide visible solutions to the problems of each of us. I have absolutely no interest in the cantankerous name calling and rabid character assassination which many appear to dwell in and which do not provide even one cup of garri for any Nigerian artiste or one cube of Maggi for his pot of soup”.
FOR COSON: PM Walker
COSON...Let The Music Pay!

Wednesday, March 18, 2020

10 BILLION NAIRA LAWSUIT ON NIGERIAN COPYRIGHT COMMISSION (NCC)


Copyright Society of Nigeria (COSON), the nation’s biggest copyright collective management organization, has gone to the Federal High Court to seek damages of eight billion naira from the Nigerian Copyright Commission (NCC) for “the undemocratic, unlawful and unconstitutional ‘suspension’ of the approval and operating licence of the Plaintiff” and another two billion naira “for the significant loss of Reputation and Goodwill suffered by the Plaintiff and arising from the massive publicity sustained by the NCC against COSON following the undemocratic, unlawful and unconstitutional ‘suspension’ of the approval and operating licence of the Plaintiff and the unlawful directive that the bank accounts of the Plaintiff be frozen.”
ncc  and coson

In its 63 paragraph Statement of Claim in suit No FHC/L/CS/425/2020 filed by renowned Lagos lawyer, Mr. James Ononiwu of Whitedove Solicitors, COSON pleads that It is a fact that the Copyright Act in Section 39 (2) gives the Defendant the power to approve collecting societies but nowhere under the law is the NCC given the power to suspend, revoke or in any way restrict the approval given to a collecting society or embark on an audit of a collecting society or direct the freeze/restriction of the bank accounts of a collecting society without an order of court.
COSON which is Africa’s fastest growing CMO with thousands of members across Nigeria, also pleads that while the Copyright Collective Management Organization Regulations (2007), made by the NCC, states that it has been made in exercise of the powers conferred on the NCC by section 39 (7) of the Copyright Act, the regulations are over reaching of the law because nowhere in Section 39 of the Copyright Act or any other law is the commission given the power to suspend, revoke or in any way restrict the approval given to a collecting society or embark on an audit of a collecting society or direct the freeze/restriction of the bank accounts of a collecting society without an order of court.
COSON said that the NCC has become a MONSTER, deploying the wide powers it has unlawfully assumed to decimate the stakeholders it was set up to protect and that in its actions, the commission has been the law maker, the accuser, the judge and the jury in its own case without COSON being offered any opportunity for fair hearing.
COSON has therefore asked the Federal high Court to declare that the provisions in the Copyright (Collective Management Organizations) Regulations 2007, made by the NCC, by which the NCC has assumed the power to unilaterally suspend or revoke the licence of an approved Collecting Society or to require an approved collecting society to apply to the NCC to renew its licence are undemocratic, unlawful, unconstitutional, null and void.
Similarly, COSON which has reciprocal representation agreements with about 150 collective management organizations in every continent around the world has asked the Federal High Court to declare that the provision in the Copyright (Collective Management Organizations) Regulations 2007 by which the NCC has assumed the power to order the audit of a Copyright Collective Management Organization without the authorization of the society’s Annual General Meeting and without a court order is undemocratic, unlawful, unconstitutional, null and void. Also requested is a declaration that the directive by the NCC without an order of court that the bank accounts of COSON be frozen, is ultra vires the powers of the NCC, illegal, unlawful, null and void.
Furthermore, COSON is seeking a perpetual injunction restraining the commission, its officers, agents, servants or privies from relying on the provisions of the Copyright Collective Management Organizations Regulations 2007 to take any steps purporting to revoke the operating licence/ approval of COSON or in any way or manner disturbing/continuing to disturb or preventing/continuing to prevent COSON from lawfully enforcing the constitutional rights of its members, affiliates, assignees and reciprocal representation partners or interfering/continuing to interfere with the internal management, operations, funds, audits or bank accounts of the Plaintiff or disturbing/continuing to disturb or preventing/continuing to prevent COSON, its members, affiliates, assignees and reciprocal representation partners from earning income and sustaining themselves with their Intellectual Property, without an order of court.
It will be recalled that at a massively attended world press conference held at COSON House, Ikeja days before the suit was filed, COSON called for the immediate resignation of Mr. John Asein, the Director-General of the Nigerian Copyright Commission who is alleged to be immersed in rabid corruption. At the Press Conference addressed by the CMOs chairman, Chief Tony Okoroji, he said, “the Nigerian Copyright Commission has brought shame to the Nigerian nation. We therefore on this 10th day of March 2020 call on the Federal Government of Nigeria to call the Nigerian Copyright Commission to order. We demand of the Buhari Administration to order the Nigerian Copyright Commission to publish a bold and unreserved apology to the thousands of members of COSON, the entire Nigerian creative community and the international copyright family for the terrible misuse and abuse of power and to make appropriate restitution to COSON”