M.I Highlights Fraud-Funded Reality in Nigerian Music Industry

In a recent episode of a Nigerian podcast, veteran rapper M.I Abaga shed light on the reality of fraud-funded activities in the country's music industry. He expressed concern over the significant portion of funding that comes from internet fraudsters, commonly known as "Yahoo Yahoo." M.I highlighted this as a reflection of a broader issue in Nigeria, where much of the financial support for the creative sector originates from illicit activities.

He emphasized the need for wealthy Nigerians to play a bigger role in nurturing local talent, as currently, there is limited support from established investors. M.I called for a shift towards young artists supporting each other, rather than relying on fraudulent sources or foreign investors.

This revelation serves as an indictment of the country's music industry and calls for a more sustainable and ethical approach to funding and supporting talented musicians.