Veteran filmmaker and CEO of Wale Adenuga Productions, Wale Adenuga, has responded to claims by actor Abiodun Ayoyinka, popularly known as Papa Ajasco, that he is experiencing financial hardship.
Ayoyinka recently sparked widespread reactions after alleging he was broke despite his long-standing role in the hit TV series Papa Ajasco and Company.
In a statement released on Wednesday, Adenuga dismissed the claims as “false and misleading,” stressing that there has been no neglect or exploitation of the actor. He explained that his initial reaction to the trending video was that Ayoyinka was simply extending the Papa Ajasco brand to social media as a personal strategy.
Adenuga described Ayoyinka as a “versatile actor” who closely mirrors the original Papa Ajasco character he created in 1976, noting that their relationship remains cordial with no irreconcilable differences.
Providing context, the filmmaker revealed that Ayoyinka had a long career with the Lagos State Government, where he served for over three decades before retiring. According to him, the production team often had to seek official permission from the actor’s workplace before involving him in filming.
Addressing allegations of neglect, Adenuga stated that the company had supported Ayoyinka over the years, including providing him with a car and access to multiple vehicles. He also noted that the actor owns a house in Ogun State.
On the issue of brand usage, Adenuga clarified that actors are required to obtain approval before using the “Papa Ajasco” name for personal or commercial ventures. He said this policy is strictly for brand protection and does not prevent actors from taking up other jobs or endorsement deals.
He questioned the basis of Ayoyinka’s claims of financial hardship, pointing to his lengthy civil service career and retirement benefits.
Adenuga further highlighted that other cast members—including Pa James, Mama Ajasco, Boy Alinco, Miss Pepeiye, Akpan, and Oduma—regularly feature in other productions, demonstrating that the company does not restrict external opportunities.
He added that actors typically spend only about six weeks each year on set, leaving ample time to pursue other income streams.
“The organisation pays according to industry standards and ensures all financial obligations are fulfilled as and when due,” Adenuga said, reiterating that any suggestion of abandonment is inaccurate.
He concluded by reaffirming the company’s commitment to professionalism and expressed appreciation to the public for its concern and continued support.
