There has been an ongoing ‘war’ between COSON and BON over compensation of intellectual property.
BON is accusing COSON of arbitrarily imposing fees which are not based on any agreeable and verifiable tariff and standards.
BON in a press release, announcing the ban said “No person or organization, particularly a collection society such as COSON has a monopoly of authority over any other…IBAN and BON have the utmost respect for Nigerian artistes in their individual and collective capacities and have indeed contributed more than any known institution to the promotion of Nigerian music and the development of the entertainment industry as a whole.”
According to the pronouncements:
“ BON & IBAN recognize that they are to pay artistes royalties, so they are obliged to keep adequate logs of all musical works broadcast by them and make sure they are made available upon request by relevant authorities.
“All payments of musical copyright royalties shall be made to COSON
A joint committee of NBC, NCC, COSON, BON/IBAN will be set up to review all royalty tariffs and ensure they are fair, reasonable and according to standards
“90 days after the issuance of these pronouncements, the committee will conclude its assignment and the tariff they agree on will be binding on all.
“To ensure a conducive atmosphere for this committee to do a good job, the ban on Nigerian artistes should be suspended.
“NBC will monitor compliance to the agreements reached as contained in these pronouncements.
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