As it has done every year since its approval eight years ago, Copyright Society of Nigeria (COSON), Africa’s fastest growing collective management organization for musical works and sound recordings, has this week posted out thousands of copies of its completed 2017 Annual Report and Audited Accounts to its teeming members across the country.
The reports and audited accounts have been sent out as a prelude to the COSON Annual General Meeting which holds at the Banquet Hall of Lagos Sheraton Hotel & Towers, Ikeja on May 10, 2018.
The comprehensive report contains important information on developments within the society, the Notice of the Annual General Meeting, Notes on Accounts, the Auditors report and the Proxy forms for members who may want to send representatives to the Annual General Meeting, etc.
Speaking on the development, COSON General Manager, Mr. Chinedu Chukwuji said, ‘‘At COSON, we run a world class organization and insist on 100% transparency and complete obedience to the law and our rules. That is why we have made the tremendous progress we have. The 2017 annual report is ready and as usual has been sent to every member of COSON, all our stakeholders and affiliates, so that they are aware of the financial position of the society. The reports are also available at COSON House and we encourage members who for any reason do not receive their copies in a few days, to please contact COSON House.’’
Also speaking, COSON Head of Finance and Administration, Ms. Bernice Eriemeghe, a very experienced chartered accountant, said ‘‘I was mystified when recently I began to see a coordinated campaign on social media suggesting that there is lack of transparency with respect to accounting and reporting at COSON. That is a blatant lie. I am a professional. Accounting and reporting are key parts of my responsibility at COSON and I do not joke with them. Every year, in the last eight years, the accounts of COSON have been fully audited by an independent firm of auditors and the reports duly sent to every member of COSON. What we are doing this year is not different from what we have done every year for eight years without fail. All the annual reports are with the NCC and available at COSON House for anyone to see. We are a serious organization. I do not know why people choose to fabricate and spread these lies”.