Ezra Olubi Fumes After Sudden Paystack Sack, Alleges ‘No Fair Hearing’

• Paystack Co-founder and CTO Ezra Olubi says his abrupt termination was carried out without a hearing or completion of the company’s sexual misconduct investigation, describing the decision as a breach of due process and internal policies.

Paystack Co-founder and Chief Technology Officer, Ezra Olubi, has described his sudden removal from the company as unfair and inconsistent with the organisation’s own procedures.

The tech industry woke up on Monday, November 24, 2025, to news that Paystack had terminated Olubi’s appointment. This followed earlier reports that the company had suspended him and planned to hire an external independent investigator to examine allegations of sexual misconduct levelled against him.

However, in a blog post released over the weekend, Olubi revealed that Paystack dismissed him before the investigation was concluded and without giving him any opportunity to respond to the allegations.

“On Saturday, 22 November 2025, I was informed that my employment had been terminated. This decision was taken before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised, in clear contravention of the terms of the suspension and Paystack’s own internal policies,” he wrote.

Legal experts say the implications of Olubi’s removal may depend heavily on the terms of his contract following Paystack’s 2020 acquisition by Stripe. Osita James Uche, Managing Partner at Blackcrest Law, earlier noted that post-acquisition agreements often determine how long founders must remain with the company and what protections they retain.

He explained that if the founders have substantial shareholding or board influence, decisions about their removal may require a formal board vote—typically after an investigation is concluded.

Industry observers suggest that Paystack may have acted preemptively to protect its brand reputation amid growing public scrutiny.

In his post, Olubi maintained that he engaged with the investigation in good faith and insisted that the termination violated established internal procedures.

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“As co-founder, technical leader and long-serving Board member, I have been part of instituting the systems and processes that underpin Paystack’s internal operations. I engaged with this investigation in good faith and cooperated fully with the Board’s directives on that basis. My legal team is now reviewing the process that led to my purported termination, including its consistency with internal policies,” he said.

Olubi has vowed to challenge what he considers an unjust dismissal, with his legal team now involved in reviewing possible next steps.

Techpoint Africa has contacted Paystack for comments but had not received a response as of the time of publication.