Jide Kosoko laments debt as N300m cinema film fails to make profit

By Adegboyega Adeleye
Veteran Nollywood actor and filmmaker Jide Kosoko says he is in debt after his film, Eleko: Oba Esugbayi , failed to recoup its production cost of more than N300 million at the cinemas.
Kosoko made the disclosure in a recent interview with African A-List, saying the film was financed by investors who expected returns, not money given to him as a gift.
“My film ‘Eleko: Oba Esugbayi’ that recently came out and we took to the cinemas, cost us over N300 million. Do I have 300 million? You should know that some people gave it to me and it was not that they dashed me; they invested in it and we took the film to the cinemas,” he said.
The filmmaker said the movie d...