34503 – Almighty 103.7 FM – The Ultimate in Radio https://almightyfm.com Almighty 103.7 FM – The Ultimate in Radio Wed, 13 Aug 2025 10:37:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://i0.wp.com/almightyfm.com/wp-content/uploads/2026/04/cropped-Almighty-103.7FM.jpeg?fit=32%2C32&ssl=1 34503 – Almighty 103.7 FM – The Ultimate in Radio https://almightyfm.com 32 32 M.I Abaga: Many Nigerian Artists Funded by Proceeds from Internet Fraud https://almightyfm.com/a-lot-of-nigerian-artistes-get-funding-from-proceeds-of-internet-fraud-m-i-abaga/ https://almightyfm.com/a-lot-of-nigerian-artistes-get-funding-from-proceeds-of-internet-fraud-m-i-abaga/#respond Wed, 13 Aug 2025 10:30:57 +0000 https://almightyfm.com/?p=1451 Veteran Nigerian rapper M.I Abaga has claimed that a significant portion of the financial backing fueling the Nigerian music industry originates from the proceeds of internet fraud, popularly known as “Yahoo.”

Speaking on the So Nigerian Podcast, M.I described this as a troubling reality, pointing to it as a symptom of deeper issues in the way Nigeria supports its creative industry.

According to him, the lack of structured investment and institutional support for artists has left room for questionable sources of funding to fill the gap. He stressed that while the success of Nigerian music is celebrated globally, the country must also address the ethical and systemic challenges underlying its growth.

source: 3news

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