The yearly MTN sponsored Project Fame West Africa music competition has been hit with financial crisis, Naij.com can authoritatively reveal.
The prestigious competition, which is at the final stage of its season eight audition, has been battling the financial mess for not less than five consecutive seasons now, and the situation is apparently getting messier.
Naij.com gathered that Ultima Limited, the producers of the competition, have been having serious challenges with MTN, the sole sponsors of the talent hunt competition since 2010 when South Africa hosted the FIFA world cup soccer competition.
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After South Africa hosted the world cup, which was sponsored by MTN, the telecommunication company has been reluctant to fulfil its financial commitments to Project Fame. And even when such obligations are met, they rarely come as at when due.
Naij.com correspondent gathered that on several occasions, Ultima Limited has been left with no option than to continue running the competition from their personal purse till MTN eventually redeems their pledge.
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The post Financial Crisis Hits MTN Project Fame appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM.
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