The report showed that its income rose by 7258 per cent to close at an unprecedented figure of N 1,873,538,531 at the end of 2021. This shows a departure from the previous year’s deficit of N22, 433,891.
Multichoice Nigeria Limited also paid N2.75 billion to MCSN in the year to resolve all issues with society.
Speaking on the society’s performance, Chairman of MCSN, Orits Williki, admitted that it fell short of 2021’s projections, in terms of regular collections; nonetheless, he said the successes recorded on the legal front more than compensated for the short-fall.
He went on to assure members that the society is strengthening its operations to extend to other regions and states of the Federation, as it continues to appoint consultants and agencies across the country to conduct the business of licensing operations.
Williki also acknowledged and sincerely thanked the Nigerian Copyright Commission (NCC), particularly, the Director General, Dr. John Asein, for the commission’s support and encouragement to society.
To underscore the progress and achievement of the society, its President, King Sunny Ade, declared the management under the Chief Executive Officer of MCSN, Mayo Ayilaran, as deserving appreciation for its focus, determination and resolved to ensure that the society “continues to deliver the dividends of copyright to us all. Distribution of royalties has resumed and this has been increasing in volume and all areas of our expectation are being attended to.”
Ayilaran highlighted the society’s achievement in the legal front with the case against Multichoice Nigeria Limited and informed members that other cases with infringers are ongoing before various courts.
The CEO informed members that distribution of royalties is ongoing, and reminded members that it (distribution) dates back to 2006 underscoring the fact that in the days of the struggles, members were assured that they would not lose a dime, adding, “this is exactly what we are doing and our members are already benefitting from it.”
He identified the problem of members changing addresses without informing society, thereby, making it difficult to contact such members for their bank details. “We, therefore, once again request every member to update their records with the Society, particularly their bank details and current addresses.”
The members passed a resolution committing the board and management of the society to acquire its own property from where it would be conducting its day-to-day operation in the course of the year 2022.
In accordance with Article 35 (a) (i) of its Articles of Association, Orits Williki, Dr. Tee Mac Iseli (MFR), Kenny Ogungbe, Segun Alile, Mrs. Mojisola Fayemi, Mike Pam Mbala and Pastor Kola Olulana was nominated and unanimously elected as board members (directors) of the society.
Also ratified, as directors in accordance with Article 35 (a) (v) to represent groups/association and special interests, were Sunny Neji, Asha Fapohunda, Matthew Ohio and Victor Okhai.
Elected into the General Council (board) to pilot the affairs of the society for the next three years. The elections were held at its yearly general meeting in Lagos on Wednesday, June 29, 2022.
