Chief Tony Okoroji, Chairman of the Management Board of Copyright Society of Nigeria (COSON), Nigeria’s biggest copyright collective management organization, has assured members of COSON across the country that each of them entitled to the 2nd Palliative Royalty Distribution approved by the 2024 AGM as a token to members to further assist them to deal with the present hard economic situation in the country, will receive the money.
In a report on the distribution by the Chairman, published on COSON’s social media handles, Chief Okoroji said: “After the approval, the 2nd Palliative Royalty Distribution commenced immediately at the AGM. Several members confirmed receiving their alerts while the meeting was still going on.
“My information is that as at Wednesday, December 18, 2024, 4,083 members across the country, have received their 2nd Palliative Distribution. More should receive theirs before Christmas”.
Stated Chief Okoroji: “COSON members are once again assured that they belong to an organization that is 100% transparent and accountable. No COSON member will lose one Naira of money which he is entitled to. Any COSON member who is yet to receive his royalty is assured that his money is safe”.
He explained that there are some COSON members who are yet to receive their money because they have given COSON faulty account details or have changed their bank accounts without notifying the society.
According to him, there are also several members whose royalties were returned unpaid by the society’s bankers. In his words: “We have noticed that a significant amount of the returned royalties is with respect to members with accounts with one bank. COSON is presently engaging the banks to find out the reason for this anomaly and to have the problem resolved”
In the update, he published a list of the COSON members whose royalties were returned and requested that the affected members may forward alternative account details by WhatsApp or SMS to a stated dedicated phone number so that a new payment can be initiated on their behalf, without delay.
