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Veteran actor Jide Kosoko has revealed that despite his fame and more than 60 years of experience in Nollywood, it has not translated into substantial wealth.

Speaking on The Honest Bunch podcast, Kosoko explained that while he is comfortable, he does not consider himself wealthy by Nigerian standards.

“I have been in this [movie] industry for this long. I thank God that I can eat three square meals. But can I claim to be a rich man by Nigerian standards? No,” he said.

The 71-year-old film star highlighted that piracy has had a significant negative impact on the Nigerian movie industry and called for stricter penalties for those involved in piracy.

“The punishment in the copyright law for piracy is still not strong enough as far as I am concerned. Somebody who has been pirating people’s works for years is a billionaire, so how much do you want to fine him?

“Fine him N500 million, and he will just bring it out of what he has sold. But if you attach a 20-year jail sentence to it with no option of a fine, people will refrain from piracy,” he said.

Jide Kosoko began his acting career as a child actor in 1964, in a television production titled Makanjuola. Since then, he has appeared in hundreds of Nollywood movies, both in English and Yoruba languages.

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