Veteran filmmaker and CEO of Wale Adenuga Productions, Wale Adenuga, has dismissed claims by actor Abiodun Ayoyinka, popularly known as Papa Ajasco, that he is broke, describing the narrative as “false and misleading.”
Ayoyinka had stirred reactions online after alleging financial hardship despite his long-standing role in the hit television series Papa Ajasco and Company.
Responding in a statement on Wednesday, Adenuga suggested the viral claims may be part of a broader content strategy.
“My first impression when I watched the Papa Ajasco video now trending on the internet and local TV channels was: ‘Okay, so this guy has taken Papa Ajasco comedy into the public space!’ It is all well and good. I am happy for him, as his money-making strategy using social media has apparently worked for him,” he said.
Adenuga described Ayoyinka as a versatile actor who closely resembles the original character he created in 1976, adding that there had been no major conflict between them.
“I want to address the wave of misinformation, emotional commentary, and uninformed public intervention that has followed his recent media interview—not with malice, but in the interest of truth and transparency,” he said.
Providing background, Adenuga noted that Ayoyinka had a long career as a civil servant with the Lagos State Government, where he served for over three decades and was a prominent member of the state’s cultural troupe. He added that the actor maintained cordial relationships with key political figures, including Bola Ahmed Tinubu, during his time as governor.
Addressing allegations of neglect, Adenuga stated that his company had supported the actor over the years.
“On the car issue, we once gave him a car—and Pa James as well. He has also used at least five cars, including a Mercedes-Benz, at different times. To the best of my knowledge, he has a house in Ogun State,” he said.
He clarified that while actors are required to seek approval before using the “Papa Ajasco” brand for personal projects, they are not restricted from taking on other jobs.
“This is part of brand protection. He has not been barred from accepting advert jobs,” Adenuga explained.
Questioning the basis of Ayoyinka’s financial hardship claim, he asked, “Where are the investments from his over 30 years of service? What happened to his gratuities?”
Adenuga further noted that other cast members—such as Pa James, Mama Ajasco, Boy Alinco, Miss Pepeiye, Akpan, and Oduma—regularly feature in other productions, emphasizing that the company does not limit external opportunities.
He added that actors typically spend only about six weeks annually on set, leaving ample time for other engagements.
“The organisation pays according to industry standards and ensures all financial obligations are fulfilled. Any narrative suggesting financial abandonment or exploitation is entirely false and misleading,” he stated.
Adenuga concluded by reaffirming his commitment to maintaining professional relationships and thanked the public for its continued support.