M.I. Abaga: Internet Fraudsters Fuel Much of the Nigerian Music Industry
Veteran rapper and music executive Jude “M.I.” Abaga has made a striking revelation: a large portion of the financial fuel for Nigeria’s vibrant music scene comes not from banks or reputable brands, but from internet fraudsters. The admission is a sobering reflection on structural gaps within the creative sector.
Speaking on the So Nigerian podcast, M.I described this reality as deeply troubling, even calling it an indictment on the nation. He said that talented musicians often struggle to secure legitimate funding and are instead supported by “fraud industry” operatives, commonly referred to as “Yahoo boys.”
M.I emphasized that this situation underscores a failure of the system, where the only ones stepping up with financial backing are fellow young Nigerians, often operating outside legal or formal channels. He urged wealthy Nigerians to change the narrative by supporting homegrown talent through proper, above-board means.
Why This Matters
Industry Vulnerability: The admission highlights how fragile the funding ecosystem is for creatives in Nigeria, with artists often resorting to questionable sources due to lack of institutional backing.
Ethical Cost vs. Economic Gain: While fraud-generated funds may help artists pursue projects quickly, they come with reputational and ethical risks, raising crucial questions about sustainability and long-term viability.
A Call for Responsible Investment: M.I’s plea for patronage from legal, credible sources reveals a compelling opportunity for governments, corporations, and philanthropists to step in and nurture the country’s creative future.