Showbiz
Heritage Bank Provides N5bn Funding Package for Entertainers, Others
By Modupe Gbadeyanka
A funding package worth N5 billion has been set aside for players in the showbiz industry in Nigeria by Heritage Bank, one of the lenders in the country.
The funding support is to take the creative sector to a greater height and eventually stimulate sustainable growth to the nation’s economy, especially now that it is battling to exit recession.
The entertainment industry is one of the major avenues for boosting economic activities and creating massive jobs. However, the coronavirus disease pandemic has dealt a huge blow on the sector in 2020.
But Heritage Bank is coming to inject a new life into the ecosystem through various initiatives, including an online giveaway competition for the launch of the bank’s new product, the Ynspyre Account, which was set aside for talented young Nigerians in the different spectrum of the creative and entertainment industry.
At the unveiling of Ynspyre Account, the winner of the online contest, Mr Damilola Adeyemi, was presented with N1 million cheque by the brand ambassador, Mr Oladapo Daniel Oyebanjo, better known by his stage name D’Banj.
The MD/CEO of Heritage Bank, Mr Ifie Sekibo, emphasised that the development and growth of the entertainment industry will get as many people as possible involved as manufacturing, banking and other sectors cannot do it alone.
“The entertainment is going to take a new lease of life [and] with the Ynspyre platform, we are hoping to start with this and obviously it will grow to another level. You will see greater things in a couple of months,” he was quoted as saying in a statement from the lender.
Mr Sekibo said the music industry has done much for Nigeria in terms of employment and foreign exchange earnings and if more resources could be put into it, the country would be better for it.
Besides supporting individual artistes in the industry, the bank has also partnered with some organisers to perform and produce some entertainment shows.
In his remarks, D’Banj commended Heritage Bank for assisting the entertainment sector, especially with the N5 billion, noting that, “The reason for setting up this fund is for creative people like me, you (Adeyemi) and the other upcoming artists to have access to it.
“I want to commend Heritage Bank for believing not just in me but in the creative industry. Over the years, Heritage Bank has worked behind the scene to sponsor and invest in lots of creative projects.”
Speaking on the modalities of the product, he disclosed that the Ynspyre Account is the perfect account, specifically created to accommodate and support creative ideas in the industry, which do not need collateral.
“Just open your Ynspyre account, get your proposal ready on what you intend doing in the creative industry; be it music, fashion, lifestyle, IT and others because they have created categories for each and every one of us to enable us to assess funds, supports, loans and grants at single-digit interest rates,” he explained.
On his part, Mr Adeyemi, who disclosed the creative industry had never got such spotlight before, said that he was inspired by the cash reward, as the Ynspyre Account product serves as a boost to the creative industry.
“Prior to now, artistes struggle to get to the level they find themselves either through their personal funds, manager or parents’ funds. Finally, it is actually time for us to shine and the spotlight is on us.
“Big thank you to Heritage Bank for creating this platform, for creating this opportunity, I am so excited. It couldn’t have come at a perfect timing; N1 million during COVID-19, it only can be better. I want to thank Heritage Bank for believing in D’Banj and the creative industry, for counting us worthy to invest in us,” he stated.
Showbiz
Creative Industry Unites as MultiChoice Nigeria Leads Walk Against Piracy
The fight against content theft intensified on Thursday as MultiChoice Nigeria led stakeholders in a Walk Against Piracy from Ikeja City Mall, Lagos, drawing a powerful mix of Nollywood actors, filmmakers, directors, writers, media personalities, regulators, students, and members of the public.
The walk was part of a broader national advocacy campaign aimed at protecting Nigeria’s creative economy from the escalating damage of piracy. Participants marched through the Ikeja axis, distributing flyers, engaging passers-by, and educating the public on the dangers of piracy and its impact on livelihoods.
Veteran actor, Saidi Balogun, one of the leading voices at the walk, described piracy as “a silent killer draining the lifeblood of the creative industry.”
“People see the glamour but forget the sweat, months of work, and the hundreds of jobs behind a single film,” he said. “When you pirate a movie, you are killing someone’s dream, someone’s job, and the future of an entire industry. It must stop.”
Screenwriter and producer, Obi Emelonye, warned that piracy poses an existential threat to the next generation of creatives.
“Piracy is a menace eating deeply into the industry. If we do nothing, young creatives coming behind us will inherit an economy with no structure, no revenue, and no incentive to create,” he stated. “We cannot allow that future.”
The regulatory perspective came from Charles Amudipe, Deputy Director of Operations at the Nigerian Copyright Commission (NCC), who emphasised both the legal and personal risks tied to piracy.
“Piracy is a criminal offence under Nigerian law, punishable by fines and imprisonment,” he said. “Beyond the legal consequences, consumers who download illegal content expose their devices to malware, identity theft, and financial fraud. It is not worth the risk.”
During the outreach, members of the public raised questions about affordability and alternatives to pirated content. The team responded by highlighting accessible, cost-friendly, and legal platforms available to consumers, underscoring that entertainment can be enjoyed responsibly without breaking the law.
Caroline Oghuma, Executive Head, Corporate Affairs at MultiChoice Nigeria, explained that the walk was a continuation of MultiChoice’s long-standing commitments to consumer education. Last month, the company led a school sensitisation programme at Kuramo Senior College in Victoria Island, teaching students how piracy harms creators and how they can unknowingly participate in it.
“We want to catch them young, take this message into communities, and meet Nigerians where they are,” Oghuma said. “Today’s walk is a reminder that protecting intellectual property is everyone’s responsibility. What we are fighting for is the survival of Nigeria’s creative future.”
Other notable participants included members of the Intellectual Property Law Advocacy Network (IPLAN), lawyers, media executives, content creators, and fans of Nigerian entertainment.
MultiChoice Nigeria reaffirmed its commitment to working with regulators, industry bodies, and stakeholders to champion policies, education, and enforcement mechanisms that safeguard creative work and ensure creators receive fair reward for their labour.
Showbiz
Veteran Nigerian Actor Lere Paimo Alive—ANTP
By Modupe Gbadeyanka
The Association of Nigeria Theatre Arts Practitioners (ANTP) has debunked viral news reports that that the chairman of its board of trustees, Mr Olalere Osunpaimo, well known as Lere Paimo, was dead.
In a public notice from the national Public Relations Officer (PRO) of the organisation, Mr Adejonwo Oluwafemi Femson, it was disclosed that the veteran action is “alive and well.”
Members of the public were advised to disregard the death rumour.
“We would like to inform the public that reports circulating on Facebook about the passing of Chief Olalere OsunPaimo (MFR) are FALSE.
“We have confirmed with Baba Eda Onile Ola’s wife that he is alive and in good health.
“Please disregard these false reports and be aware that they are being spread by unscrupulous individuals.
“Chief Olalere OsunPaimo (MFR), Chairman Board of Trustee Association of Nigeria Theatre Arts Practitioners (ANTP), is alive and well.
“We urge everyone to verify information before sharing to avoid spreading misinformation,” the notice disclosed.
Showbiz
Nivea, inDrive Sponsor TikTok’s 2025 Sub-Saharan Africa Awards
By Modupe Gbadeyanka
The duo of Nivea and inDrive has been announced as the title sponsors of TikTok’s 2025 Sub-Saharan Africa Awards, while Coca-Cola, Dis-Chem and PEP Stores are the category sponsors.
As title sponsors, inDrive and NIVEA (Beiersdorf) will play key roles in amplifying creator recognition, supporting event experiences, and on-the ground activations.
NIVEA (Beiersdorf) will sponsor the Creator of the Year award, while inDrive will present the Storyteller of the Year award, both reflecting a shared passion for innovation, inclusivity and celebrating African voices making a global impact.
In addition, Coca-Cola is sponsoring Food Creator of the Year award, Dis-Chem is for the Social Impact Creator of the Year award, and PEP Stores is for the Entertainment Creator of the Year award.
This year’s event is slated for Saturday, December 6. It would be used to celebrate the continent’s most inspiring and innovative creators who are using the platform to educate, entertain, and empower their communities.
“We are delighted to partner with TikTok, as we share a long-standing relationship across the globe, including in the Sub-Saharan region. TikTok is a unique platform that enables us to engage with young audiences in a language and format that truly resonates with them.
“We extend our gratitude to the company for organizing The 2025 TikTok Awards Sub-Saharan Africa and congratulate all guests and participants on this remarkable event,” the Marketing Lead of inDrive Africa, Mikita Ponarin, stated.
“TikTok is proud to partner with great local and regional brands that support Africa’s creative economy. What excites us about these partnerships is the shared vision.
“These brands are making a conscious choice to invest in African creativity at a pivotal moment. They see what we see: that when we uplift creators, we strengthen entire communities and economies across the continent,” the Head of Content Operations for Sub-Saharan Africa,” Boniswa Sidwaba, said.
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