- Basketmouth accused Nollywood producers of mismanaging funds provided by global streaming platforms.
- He alleged that producers misuse a substantial portion of the budgets for personal gain.
- Only a small fraction of the funds is utilized for actual filmmaking.
- Streaming platforms decided to pay actors directly to ensure transparency after discovering the alleged malpractices.
- Producers reportedly coerced actors into returning part of their pay.
- The mismanagement of funds has significantly affected the quality of Nollywood films.
Nigerian comedian and filmmaker, Basketmouth, has accused Nollywood producers of mismanaging funds provided by global streaming platforms. He alleged that producers misuse a substantial portion of the budgets, diverting funds for personal gain, and only utilizing a small fraction for actual filmmaking. Basketmouth claimed that streaming platforms, upon discovering these alleged malpractices, decided to pay actors directly to ensure transparency. However, producers reportedly coerced actors into returning part of their pay. He argued that the mismanagement of funds has significantly affected the quality of Nollywood films.
