Nigerian music legend Innocent Idibia popularly known as 2face Idibia has called out the management of the Copyright Society of Nigeria (COSON) for alleged mismanagement of fund and corruption.
In the post shared this morning on Instagram, the African Queen crooner alleges the society could have saved N230m with “simple compliance with the NCC’s directives or submission to the wide call for (an) independent audit to prove the innocence of the directors against allegations of financial misconduct.”
Also according to him, the controversy and various cases involving lawyers and law enforcement official mean musicians are cheated out of their royalty.
“From the figures share recently, COSON has lost about N250m to the crisis that erupted with the December 7, 2017 sacking of Chief Tony Okoroji as ‘chairman’.
“The society collected N200m less than the sum of the previous year and spent over N50m on lawsuits and office security within the year. Simple compliance with the NCC’s directives or submission to the wide call for (an) independent audit to prove the innocence of the directors against allegations of financial misconduct may have saved COSON at least, N230m, that’s assuming the audit cost N20m’.
