Jide Kosoko laments debt following N300m movie cinema loss

Veteran Nigerian film-maker Jide Kosoko disclosed his financial woes after his movie, "Eleko: Oba Esugbayi," failed to recoup its production cost of over N300 million in cinemas. The actor revealed this during an interview on African A-List, which was published on October 17. Kosoko explained that the film's production was funded by investors who expected a return on their investment.

However, despite its release in March, the film did not generate enough revenue to recover its production cost. "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?" Kosoko asked, acknowledging that some people had invested in the film. He further added, "Different things happened and we did not earn our money back.

The little that was earned was split. As I am, if you hear someone with debt dancing around their neck, it is me." It is worth noting that Kosoko has been living with diabetes since 1996 and has lost three of his wives, including the mother of his daughter.