The Economic and Financial Crimes Commission (EFCC) has urged filmmakers to exercise due diligence before accepting funding for movie production....READ THE FULL ARTICLE HERE ▶▶
The chairman of the Commission, Mr Olanipekun Olukayode stated this at the National Film and Video Censors Board (NFVCB) Round Table Forum with film Producers, Exhibitors and Distributors, titled “Morality and Ethics in Film Production in Nigeria,” at the Second Lagos International Film and Cinema Convention, according to statement by NFVCB on Thursday.
The chairman according to the statement was represented by EFCC’s Head, Public Affairs, Lagos Directorate, Ayo Oyewole.
Speaking, he challenged filmmakers to ensure that the film industry did not become a soft target for funds laundered illegally from outside the financial system.
“Filmmakers must conduct due diligence on funds for their productions otherwise they act as courier for illicit funds,” Oyewole, said adding, “there is need for filmmakers to carry out know your customer test before accessing any funding.”
Oyewole, however, admitted that the EFCC did not provide funding for film productions and also had no say on the direction of the script.
However, the appeal to filmmakers is for the betterment of the economy.
The Executive Director of the National Film and Video Censors Board, Dr Husseini Shaibu, corroborated the claims by the EFCC.
Husseini, said, “With the abrogation of tobacco advertising in the electronic and print media, and the EFCC closing down on Estate Developers, the film industry naturally becomes the next target for illicit funds.”
He, however enjoined filmmakers to pay greater attention to the sources of funds for their film productions and the promotion of crimes in their film.
He expressed regret that, “the consequences of crime in some films are usually not commensurate with the crime committed by the antagonist in some movies.”
Responding, the President of the Cinema Exhibitors Association of Nigeria, Mr Opeyemi Ajayi, stated that request by the anti-graft agency was difficult for the film industry to meet, stating that the sector is a private driven.
“Moreso, the film industry doesn’t receive any funding or grants from the government,” he said.
Another prominent filmmaker, Teco Benson, shared the same sentiment, advising the EFCC to put money down for Productions if they want certain films produced or commission documentaries.
He said the onus is on the EFCC to track the owners of the funds, while filmmakers are concerned on how to repay the funds advanced to them.
