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Pirates plunder Nigerian profits

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The first “Nollywood” film, “Living in Bondage”, was a tale of witchcraft, money and betrayal produced by Okechukwu Ogunjiofor.

That was back in 1992. Today, Nigeria’s $450 million home video¬†industry is the third biggest in the world, after Hollywood and Bollywood.

“I actually set out to be a film maker, so I got my training, came to Lagos. But since I could not do a thing on celluloid … I said to myself that there must be a way around it, there must be a new way to do the old things and that new way was trying to invent, you know, to experiment with VHS cameras. That experiment was what we did with ‘Living with Bondage’ and today that experiment has culminated into what we find and people call Nollywood,” Ogunjiofor told Reuters Africa Journal.

Despite the successes, money and betrayal still play their part. Film piracy means millions of dollars a year leach out of the industry.

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