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Opinion: Okoroji Should Submit To A Forensic Audit Period!

Published

5 years ago

April 14, 2019

Editor

By Efe Omorogbe

The relentless attacks on the person and reputation of Efe Omorogbe by those masquerading as defenders of “thousands of innocent Nigerian musicians” must be condemned by every stakeholder who has the long term interest of the creative industry at heart.

Since the December 7, 2017 sacking of Tony Okoroji as chairman of the management board of the Copyright Society of Nigeria (COSON), there has been an endless string of media, legal and police attacks on Efe Omorogbe, one of six directors who voted Okoroji out in reaction to a series of serious infractions allegedly committed by Tony Okoroji during his 7-year tenure as chairman of the board.

While the industry regulator, Nigerian Copyright Commission has since suspended the operating licence of COSON, instituted criminal charges against Tony Okoroji and other officers of the society; and several cases are pending in various courts of competent jurisdiction across the country, the malicious and relentless attack on the person and character of Efe Omorogbe has continued unabated.

Efe Omorogbe has insisted on various platforms that his overriding interest is the establishment of standard corporate governance culture at COSON. His sole demand is for a full forensic audit of the account and operations of COSON from 2010 till date; an audit that will put the activities of both board (including himself) and management under scrutiny and establish the hard facts of the COSON matter. “I’ll take that (forensic audit) over board chairmanship any day”, he has repeatedly stated.

Instead of Okoroji to allow the audit to vindicate him and validate his much vaunted innocence and impeccable track record as the upright and selfless champion of intellectual property rights protection in Nigeria, he has resorted to belligerent litigation, incongruous police protection, the staging of PR events and release of corny communiques to promote an agenda that clearly delivers no value to rights owners.

The likelihood that it is royalties due to rights owners that is being used to fund this obvious battle for personal survival would be double jeopardy for stakeholders if confirmed to be true.

For genuine stakeholders, the primary desire is for the confirmation of the facts of the matter, lasting resolution of the crisis and the establishment of a new era of accountability, transparency and effective corporate governance in a critical institution within the creative industry structure.

From twisted narratives and malicious publications to blatantly false and misleading police reports, acolytes of Tony Okoroji have gone to ridiculous lengths to attack and demonize a man who has simply asked for a probe of a board that he has served on from inception.

All manner of base and divisive arguments have been bandied, all kinds of convoluted positions advanced to defend the indefensible.

Why is it easier to gather his Edo “kinsmen” together and threaten to report Efe Omorogbe to the Oba of Benin? How is it more effective to host a “select” stakeholders forum in Onitsha, invoke the wrath of the “elders” from the south east to call the “intransigent Efe Omorogbe” to order? When these “elders” gather to hold these meetings and sign these statements, why do they conveniently always forget to seek the other side of the story? Why is it easier to drop “bombshell” news headlines targeting Efe Omorogbe’s reputation than to advise Okoroji to submit to a forensic audit that neither he nor Efe Omorogbe can interfere with?

And perhaps the biggest question on them all; how long will it take for the Nigerian Copyright Commission to put this sordid drama to a halt and save the industry further damage by ordering that audit right away? Did I hear someone ask who will pay for it? COSON of course. Except the position is that it is more beneficial to right owners for the society to pay tens of millions to lawyers to fight its own members than to pay an auditing firm to save the society and indeed, collective management of copyright in Nigeria.

Related Topics:Copyright COSON Efe Omorogbe Tony Okoroji

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Tinubu Approves Credit Scheme Takeoff to Facilitate Purchase of Cars, Houses

Published

51 mins ago

April 25, 2024

Eric

President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme to facilitate the purchase of houses and cars by working Nigerians.

In a statement on Wednesday, presidential spokesman Ajuri Ngelale said the Consumer Credit Scheme will enhance the quality of life citizens by allowing them to “access goods and services upfront, paying responsibly over time”.

“It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations,” the statement added.

“Through responsible repayment, individuals build credit histories, unlocking more opportunities for a better life. Additionally, the increased demand for goods and services stimulates local industry and job creation.

“The President believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision.”

In line with the President’s directive to expand consumer credit access to Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) has launched a portal for Nigerians to express interest in receiving consumer credit.

“This initiative, in collaboration with financial institutions and cooperatives nationwide, aims to broaden consumer credit availability,” the statement noted, adding that working Nigerians interested in receiving consumer credit can visit CREDICORP’s website to express interest before the deadline date of May 15, 2024.

“The scheme will be rolled out in phases, starting with members of the civil service and cascading to members of the public.”

The CREDICORP’s objectives include: “(1) Strengthening Nigeria’s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.

“(2) Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.

“(3) Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.”

Featured

Again, DStv, Gotv Jack Up Subscription Rates

Published

13 hours ago

April 24, 2024

Eric

Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment.

The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024.

With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.

The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to N5,000, the Access Fees package from N4,000 to N5,000, and XtraView moved from N4,000 to N5,000.

Meanwhile, the Gotv Supa+ package moved from N12,500 to N15,700, Supa package from N7,600 to N9,600, and Max package from N5,700 to N7,200.

While the Jolli package was jacked up from N3,950 to N4,850, the Jinja package moved from N2,700 to N3,300, and Smallie package from N1,300 to N1,575.

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It will be recalled that the company implemented an upward review of prices in December 2023, days after announcing a $72m loss in its financial statement for the third quarter of the year.

Checks on the company’s reviewed price list then showed a 20 per cent per cent hike in the company’s packages across the board.

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I’ll Resign If Yaya Bello Eacapes Prosecution, EFCC Chair Vows

Published

1 day ago

April 23, 2024

Eric

Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has sworn to follow the prosecution of the Governor of Kogi State, Yahaya Bello, to a logical conclusion.

In a chat with journalists at the EFCC Headquarters in the Jabi area of Abuja on Tuesday, the anti-graft crusader vowed to resign as EFCC chairman if Bello is not prosecuted.

He added that all those who obstructed the arrest of the former governor would be brought to justice.

The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust and misappropriation of funds to the tune of N80.2 billion.

He said that no matter what anyone does or the amount of attack against the anti-graft agency, he and his men will not relent in helping to sanitise the country.

Olukoyede said the EFCC needs the support of Nigerians to succeed, emphasizing that if the agency fails, Nigeria fails. He stated that the efforts made currently have helped the value of the Naira and the foreign market.