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COSON Kicks against N5.9bn Awarded to MCSN for Copyright Infringement

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Barely a week after the Federal High Court in Lagos, awarded N5.9 billion “special damages” against Multichoice Nigeria in an eight-year-old copyright infringement legal battle between the South Africa firm and the Musical Copyright Society of Nigeria, MCSN, members of Copyright Society of Nigeria,

COSON, have kicked against the judgement, describing it as “bizarre and an attempt to turn the Nigeria music industry into a gold mine, from where those who have made no investments nor contributions to the industry can cart away illicit billions of Naira while the true creators and investors in the industry languish in penury.”

Judicial symbol Speaking on behalf of the members of the society at a world press conference, at COSON House in Ikeja, Chief Tony Okoroji, Chairman of COSON recalled that at the time the purported infringement took place, MCSN was not an approved collecting society and that there is a plethora of Court of Appeal decisions stating that without approval, MCSN cannot collect royalties in Nigeria.

“MCSN was facing seven pending criminal cases at the Federal High Court and which the Attorney-General of the Federation, Mr. Abubakar Malami ordered the Nigerian Copyright Commission to approve in 2017, despite the protest of the NCC,” Okoroji stated.

According to Okoroji, a number of the works said to have been infringed upon are works in the repertoire controlled by COSON for which Multichoice Nigeria has obtained a legitimate license.

Okoroji added that COSON has received reactions from some of its international affiliates wondering what the hell is going on in Nigeria as some of the works for which MCSN was said to have received the award belong to these COSON affiliates and at no time did they assign the works to MCSN.

He asked for a precedent for the kind of award against Multichoice noting that if a single Nigerian company providing employment to hundreds if not thousands of Nigerian citizens can be said to liable up to the whopping sum of 6 billion Naira for copyright infringement in the broadcast of 18 songs then it would require the entire national budget of Nigeria, South Africa and Egypt to pay for the entire Multichoice content.

“If Multichoice Nigeria, a single Nigerian company providing employment to hundreds if not thousands of our citizens can be said to liable up to the whopping sum of N6 billion for copyright infringement in the broadcast of 18 songs as reported by some newspapers since no one is yet to see a copy of the judgement, then it will require the entire national budget of Nigeria, South Africa and Egypt to pay for the entire Multichoice content,”Okoroji stated.

Asked the celebrated former president of PMAN, “For a nation that continuously says that it badly wants direct foreign investment, which rational person would want to come and invest his money in Nigeria and expose himself to this kind of frightful shake down?” Chief Tony Okoroji who is one of Africa’s most respected authorities on Intellectual Property said, “Some of us have spent practically our entire adult lives campaigning for the respect for intellectual property rights in our country. Our campaign has been for a responsible intellectual property system.

Rather than help the collective management of copyright in Nigeria, the kind of shake down of Multichoice which will ruin entire companies will turn decent people against the collective management of copyright and hurt our industry and our country.

After Mutichoice, who will be next?” Speaking further, COSON called on President Muhammadu Buhari to call Mr. Abubakar Malami to order. The society also called on the National Judicial Council and the National Assembly to ensure that there is a full and transparent probe of what is happening at both the Federal Ministry of Justice and the Federal High Court.

Calling for the resignation of the Acting Chief Judge of the Federal High Court, Justice Abdul Kafarati, for his role in what the society described as ‘a frightening new assault on the Nigerian Judiciary, COSON Chairman also urged the Federal Executive Council to direct the immediate return of the Nigerian Copyright Commission (NCC) to the supervision of the Minister charged with responsibility for culture as expressly provided in Section 51 of the Nigerian Copyright Act so that the Commission can be properly deployed to the promotion of the Nigerian creative industry instead of being a tool for the pursuit of devious schemes as it is presently being deployed.


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FG Withdraws Case against MultiChoice after Settlement

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Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn its criminal case against MultiChoice Nigeria Limited and its top executives after both parties reportedly reached an amicable settlement.

FG Withdraws Case against MultiChoice after Settlement

Recall that the FCCPC and MultiChoice have been at odds for months since the pay-TV operator hiked the pricing of its DStv and GOtv services in March.

The FCCPC then summoned the company to explain the rationale for the increases and submit supporting papers, after which it said MultiChoice failed to comply.

Viewing this as a violation of the FCCPC Act’s regulatory directives, the Commission filed a seven-count criminal lawsuit accusing MultiChoice and several of its top officials of hindering investigations and failing to comply with summons.

Nonetheless, the parties informed Justice James Omotosho of the Federal High Court in Abuja on Tuesday that they had reached an amicable agreement, bringing the legal dispute to a conclusion.

Daniel Amadi, lawyer to the FCCPC,  informed the court that a notice of withdrawal had been filed on August 16, following the resolution of all outstanding issues.

With no objections from the defence, Justice Omotosho dismissed the case, effectively ending the proceedings.

The commission underlined that compliance and transparency are still critical for sustaining trust between firms and regulators in Nigeria’s consumer market.


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FG-backed mortgage reforms help over 700 Nigerians become homeowners in 6 months

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More than 700 Nigerians have successfully transitioned from renters to homeowners within six months, following the implementation of landmark mortgage reforms spearheaded by the Federal Government through the Ministry of Finance Incorporated (MOFI).

The milestone, announced on Tuesday, marks a significant shift in Nigeria’s housing sector, which has long faced challenges including high interest rates, limited financing options, slow mortgage processing, and a housing deficit exceeding 28 million units.

Central to this transformation is the MOFI Real Estate Investment Fund (MREIF), a Securities and Exchange Commission (SEC)-registered ₦1 trillion fund designed to provide long-term, affordable mortgages to ordinary Nigerians.

The fund offers interest rates as low as 9.75 percent per annum and repayment periods of up to 20 years, making homeownership more accessible than ever.

At full utilization, MREIF aims to enable at least 12,000 Nigerians to own homes, with additional refinancing support planned through the Nigerian Mortgage Refinancing Company.

For decades, many Nigerians have been trapped in a cycle of rent payments, often described as “funding their landlord’s retirement.” Now, with MREIF, homebuyers can secure loans and move into their own homes within weeks.

Since its launch, MREIF has disbursed funds to over 700 homebuyers through 11 Eligible Financial Institutions across five regions of the country.

These institutions, licensed by the Central Bank of Nigeria and preapproved by MREIF, include Abbey Mortgage Bank, Access Bank, AG Mortgage Bank, FCMB, FHA Mortgage Bank, Gateway Mortgage Bank, Globus Bank, Homebase Mortgage Bank, Imperial Homes Mortgage Bank, Infinity Trust Mortgage Bank, Living Trust Mortgage Bank, Nigeria Police Mortgage Bank, Providus Bank, Stanbic IBTC, and Union Bank. Each mortgage represents a family moving from rent into ownership, building equity, stability, and generational wealth.

The Federal Government committed ₦150 billion under Series 1 funding, fully subscribed in December 2024, while private sector investors added another ₦100 billion under Series 2. Additional tranches could scale the fund to ₦1 trillion, ensuring long-term sustainability.

The fund is professionally managed by ARM Investment Managers, with a structure anchored in public–private collaboration to ensure affordability, transparency, and efficiency.

Wale Odutola, CEO of ARM HoldCo, said MREIF embodies the kind of partnership Nigeria has long needed—government resolve combined with private sector rigour.

He added that together with MOFI, they are laying the structural foundation for a housing sector that rewards citizens, unlocks investor confidence, and drives inclusive growth.

Beyond individual mortgages, MREIF also offers offtake guarantees to developers, encouraging new construction projects, creating jobs, and strengthening the housing supply chain. Nigerians in the diaspora now have a transparent, government-backed platform to invest in secure homeownership.

Despite challenges such as inflation, forex volatility, and high construction costs, MREIF’s long-term financing model is designed to withstand economic shocks. As more financial institutions, pension funds, and developers join the initiative, thousands more Nigerians—both at home and abroad—are expected to benefit.

The message is clear: the era of affordable homeownership has arrived in Nigeria. With Federal Government backing and private sector management, MREIF is not just a housing scheme—it is a national economic reform poised to reshape lives and communities across the country.


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5 Exciting Highlights to Expect at PodFest Naija 2025

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By Terry Kunle

Nigeria’s first-ever podcast festival is almost here, and it promises to be a cultural moment you won’t want to miss. From powerful voices to vibrant experiences, 40 storytellers, six stages, one innovation session, two live podcasts, one masterclass, the unveiling of the next big podcaster, cultural showcases, and brand activations.

Here are five reasons this first-of-its-kind festival deserves a spot on your calendar:

1. 40+ Storytellers Taking the Stage

Get ready for an incredible lineup of Nigeria’s most influential voices. From Chude Jideonwo and Seun Okinbaloye to Tunde Onakoya, Adaora Mbelu, Morayo Afolabi-Brown, Rufai Oseni, and many more, the festival brings together podcasters, creators, and cultural icons who are shaping conversations across the nation. Expect powerful storytelling, fresh perspectives, and voices that inspire.

2. Live Podcast Shows You Can Experience in Person

PodFest Naija brings your favorite shows to life. Watch live podcast recordings happen in real-time, engage with hosts and guests, and be part of the audience that shapes these conversations. It’s podcasting like you’ve never experienced before.

3. Brand Activations and Interactive Experiences

Major brands including Coca-Cola, Sterling Bank, UAC Foods, Bet9ja, Crown Flour Mills, and others are creating immersive activations throughout the venue. Explore interactive booths, participate in brand experiences, and discover how storytelling intersects with innovation and business.

4. Gifts, Freebies, and Exclusive Surprises

Who doesn’t love free stuff? PodFest Naija is packed with giveaways, freebies, and surprise gifts for attendees throughout the day. From branded merchandise to special goodies from sponsors, there’s something for everyone who shows up ready to celebrate stories.

5. A Thriving Community of Creators and Podcast Lovers

PodFest Naija isn’t just an event—it’s a movement. Connect with 1,500+ storytellers, creators, brands, and podcast enthusiasts who share your passion. Network, collaborate, and be part of a community that’s shaping the future of podcasting and storytelling in Nigeria.

Important: Free Entry, But First Come, First Served!

PodFest Naija 2025 is completely FREE to attend, but space is limited. With expected attendance of 1,500 people, you’ll need to arrive early to secure your spot at Harbour Point. If the venue reaches capacity, don’t worry—you can still join the action virtually and experience the festival from wherever you are.

PodFest Naija 2025 takes place on Friday, October 10, at Harbour Point, Victoria Island, Lagos. Don’t just hear about it, be part of the story.

Terry Kunle is the media manager, AT3 Resources


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