Lagos - In its annual tradition, Copyright Society of Nigeria (COSON) has disbursed royalties to the tune of N200million, reports The Nation
The unanimous approval of the proposed distribution took place at the Extra-Ordinary General Meeting (EGM) of COSON held at Niteshift Coliseum, Opebi, Ikeja, Lagos.
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The Collective Management Organisation (CMO) collects royalties for the use of musical works and sound recordings in Nigeria on behalf of its members.
Shortly after the approval, members had not departed the venue when they started receiving alerts of payment from their banks. Several members of COSON at the venue confirmed receipt of royalty payment.
Read more at The Nation