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 facing financial difficulties.
Ayoyinka recently sparked online discussions by alleging that he was struggling financially despite his long-standing role in the hit television series Papa Ajasco and Company.
Responding on Wednesday, Adenuga described the claims as “false and misleading,” emphasising that Ayoyinka has never been barred from taking advertising or other professional opportunities. He clarified that the actor is only required to seek official approval for engagements that involve the Papa Ajasco brand, in line with brand protection policies.
Adenuga highlighted Ayoyinka’s long career as a civil servant with the Lagos State Government, where he served for over three decades and was part of the state’s cultural troupe. He stressed that there has been no serious disagreement between them and praised Ayoyinka as a versatile actor who embodies the iconic character he created in 1976.
Addressing allegations of neglect, Adenuga revealed that the production company had supported the actor over the years, including providing vehicles and noting that Ayoyinka owns property in Ogun State. He also explained that restrictions on the use of the “Papa Ajasco” brand were necessary to protect the franchise’s identity, not to limit the actor’s earning potential.
Questioning the claims of financial struggle, Adenuga asked, “Why is Abiodun Ayoyinka claiming to be broke? Where are the investments from his over 30 years of meritorious service… What happened to his gratuities?”
He added that other cast members, including Pa James, continue to take on independent roles outside the show and reminded that actors typically spend only about six weeks annually on set, allowing them time for other ventures.
Adenuga concluded by reaffirming his commitment to professional relationships and thanked the public for its concern and support.
