Nigerian comedian and filmmaker, Basketmouth has accused Nollywood producers of mismanaging funds allocated by global streaming platforms, claiming that their actions have negatively impacted the quality of Nigerian films.
Speaking in a recent interview on Arise TV, the entertainer alleged that many producers wasted substantial portions of the budgets provided for movie production, diverting the funds for personal gains.
According to him, only a small fraction of the funds is utilised for actual filmmaking.
“When the streaming platforms came in, they gave money to these producers, and I’ll tell you point blank, these producers would take the money, $1.5 million or whatever they give them, and use about 10% of that money to make the movie,” he said.
Basketmouth further claimed that streaming platforms, upon discovering these alleged malpractices, decided to pay actors directly to ensure transparency
