The Chief Executive Officer of Wale Adenuga Productions, Wale Adenuga, has responded to claims by actor Abiodun Ayoyinka, popularly known as Papa Ajasco, that he is broke.
Ayoyinka drew outrage online after claiming financial struggle despite his long-running role in the famous TV series Papa Ajasco and Company.
In a statement made on Wednesday, Adenuga denied allegations of mistreatment and called the narrative “false and misleading,” while also detailing his connection with the actor and the structure of their professional partnership.
“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,” Adenuga said.
The media executive characterized Ayoyinka as a “versatile actor” who closely matches the original persona he developed in 1976, stating that there were no fundamental differences between the two.
He said, “Candidly, I want to address the wave of misinformation, emotional commentary, and uninformed public intervention that has followed his recent media interview. I am doing this not with malice, but in the interest of truth, transparency, and the integrity of a legacy that has entertained millions of Nigerians for decades.
“I am doing this not with malice, but in the interest of truth, transparency, and the integrity of a legacy that has entertained millions of Nigerians for decades. Abiodun Ayoyinka was a civil servant with the Lagos State Government for over three decades.
“He was even the face of the state’s cultural troupe, which endeared him to the likes of Asiwaju Bola Ahmed Tinubu during his time as governor, as well as his successors. He retired not too long ago. In fact, we used to seek permission from his office anytime we needed him on location.
“He bears the closest resemblance to the cartoon version of the Papa Ajasco character, which I created on my dining table in 1976 during my publishing days. He is very close to me, and so far, there has been no irreconcilable difference between us.”
Speaking on claims of neglect, Adenuga stated that the production company had supported the actor over the years.
“On the car issue, we once gave him a car—an okay one—and Pa James as well. He has also used at least five cars, including a Mercedes-Benz, at different times. And to the best of my knowledge, he has a house in Ogun State,” he said.
He noted that the restriction on the use of the “Papa Ajasco” brand name for personal ventures was necessary to protect its integrity, but clarified that actors were free to take on other jobs.
“Also, he has not been barred from accepting ad integrity but advert jobs. As he himself stated, all that is required is to seek official approval from WAP. This is part of brand protection,” Adenuga said.
Questioning Ayoyinka’s claim of financial hardship, he added, “Now, the question is, why, why is Abiodun Ayoyinka claiming to be broke? Where are the investments from his over 30 years of meritorious service with the Lagos State Government? What happened to his gratuities?”
Furthermore, Adenuga noted that other cast members, such as Pa James, Mama Ajasco, Boy Alinco, Miss Pepeiye, Akpan Is Why Akpan, and Oduma Akpan, regularly feature in other productions, indicating that the company does not restrict artists from external engagements.
He also mentioned that performers often spend only six weeks each year on set, leaving time for other activities.
“The organization pays according to industry standards and ensures all financial obligations are fulfilled as and when due. Therefore, any narrative suggesting financial abandonment or exploitation by our organization is entirely false and misleading,” he said.
Adenuga emphasized the company’s commitment to maintaining professional connections while thanking the public for its concern and support.
