Veteran Nigerian comedian cum filmmaker, Bright Okpocha, better known as Basketmouth, has made a shocking revelation about the mismanagement of funds by Nollywood producers.

Naija News reports that Basketmouth, in an interview with Arise TV, alleged that movie producers are given huge amounts of money by streaming platforms.

However, the producers use only 10% of the funds to produce the movie and use the rest to buy houses and cars.

The comedian also alleged that some producers coerce actors to share their monies whenever streaming platforms bypass them to pay directly.

While Basketmouth refused to mention names, he added that the producers who embezzle funds from streaming platforms know themselves.

He said, “There was a lot of money when these streaming platforms came in and these producers use only 10 percent of the monies to make the movies.

“More than 70 percent of these producers, to the extent that the streaming platforms had to pay the actors directly, but some of the producers coerce the actors to give up the monies.

“They know themselves, but I won’t mention names.” 

This comes amidst reports that international streaming platform, NETFLIX, has stopped giving Nigerian filmmakers funds to produce original content.