Good news for Nigerian artistes, as the Nigerian Broadcasting Coporation (NBC) has ordered that radio stations should suspend the ban on them. This was made known on several national dailies and seeks to address the row between COSON against BON/IBAN. Remember i told you all some time ago that some artistes were meeting to help solve this problem and what caused it (See it HERE), and based on this new pronouncment, the following compromise was reached;
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 se 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 set up above 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.