A press statement issued by @kunleafo on social media confirms that acclaimed Nigerian filmmaker Kunle Afolayan has completely rejected claims alleging FirstBank initiated a ₦5 billion lawsuit against him regarding his blockbuster production *Aníkúlápó*. Afolayan clarified that all corporate financial arrangements regarding his film projects were conducted within legal, mutually agreed corporate structures.
The veteran director warned media outlets against propagating unverified legal allegations capable of damaging business reputations and creative investments. He reassured stakeholders and fans that Kap Motion Pictures continues its operational expansion smoothly without pending banking litigations.
Punch Newspapers entertainment desk reported that “Afolayan dismissed court case rumors as ‘completely false and baseless'” in an official press release. Similarly, Daily Trust news platform confirmed that “the filmmaker emphasized that ‘our production financing remains fully structured’ without litigation” or default proceedings.
Echotitbits take: Misleading legal claims involving top-tier film directors can harm investor confidence in Nigeria’s expanding cinema industry. Afolayan’s swift, direct debunking protects both his studio’s corporate integrity and sets a standard for filmmakers protecting their intellectual property and financial reputation from speculative reporting.
Source: @kunleafo — https://www.instagram.com/kunleafo, July 17, 2026
Photo credit: The Guardian
