Award-winning Nollywood filmmaker Kunle Afolayan has dismissed viral reports alleging that First Bank dragged him to court over an unpaid ₦5 billion loan, describing the claims as false and warning that those responsible for circulating the story will face legal action.
The filmmaker insisted he never obtained such a loan from the bank and maintained that he owes no financial institution the amount being claimed. He said the allegations have caused unnecessary concern among friends, colleagues and supporters who reached out to verify the reports.
Key Highlights
Kunle Afolayan denies owing First Bank ₦5 billion.
Filmmaker says reports linking him to a court case are false.
Insists Anikulapo was produced through a collaboration with Netflix and Golden Effect.
Says he enjoys a cordial relationship with First Bank but never borrowed ₦5 billion.
Threatens legal action against those behind the viral publication.
Social media reactions continue to trail the controversy.
Reacting to the reports on Instagram on Friday, Afolayan explained that he initially chose to ignore the allegations but decided to respond after receiving numerous calls and messages from concerned associates.
According to him, Anikulapo was produced through a partnership between his production company, Golden Effect, and Netflix, not through financing obtained from any commercial bank.
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The filmmaker also clarified that although he has maintained a cordial relationship with First Bank and has collaborated with the financial institution on previous occasions, he has never taken a ₦5 billion loan from the bank.
In a light-hearted remark, Afolayan said:
“If I see a bank that will give me ₦5 billion, I’ll definitely take it because I’ll use it for the betterment of the nation.”
He further disclosed that his legal team has commenced action against those responsible for publishing what he described as false and defamatory claims.
“They will hear from me,” he said, vowing to hold those behind the report accountable.
The controversy has generated widespread reactions on social media, with many fans expressing support for the filmmaker, while others continue to debate the authenticity of the now-viral allegations. As of the time of filing this report, there has been no publicly available court judgment establishing that Afolayan owes the alleged debt.
