Berdugo (1982)

Based on a comic strip, an escaped convict finds a mystical double-axe and executioner's costume, including a black hood, pants, and boots. He pretends to be a hunchback, the hump on his back is really the backpack containing his Berdugo outfit and double-axe with a handle that magically retracts and extends in which he fights goons, criminals, and even supernatural creatures like aswang.