Paystack Fires Co-Founder Ezra Olubi Over Alleged Sexual Controversies

• Paystack has terminated the appointment of its Co-founder and CTO, Ezra Olubi, following public allegations of misconduct involving a junior employee, even as the company’s investigation was still ongoing.

Nigerian fintech company Paystack has terminated the employment of its Co-founder and Chief Technology Officer, Ezra Olubi, after he was accused of having sexual relations with a junior employee.

Olubi confirmed his dismissal in a blog post on Saturday, November 23, 2025, stating that the decision was made before Paystack completed its internal investigation.

The controversy erupted in mid-November when a social media post alleging abusive behaviour by Olubi went viral, triggering widespread backlash. The development also led users to resurface a series of explicit tweets from years earlier. Paystack subsequently announced his suspension and launched a formal investigation, noting that it had set up a review panel and planned to appoint an independent investigator.

According to Olubi, he was neither invited to a meeting nor given an opportunity to defend himself before his appointment was terminated. He argued that the action appeared to violate the terms of his suspension and the company’s internal procedures.

In his statement, he wrote:
“My legal team is now reviewing the process that led to my purported termination, including its consistency with internal policies. They will take the steps they consider appropriate, and I will not be commenting further on this matter at this time.”

Paystack—acquired by Stripe in 2020 in one of Africa’s most notable tech acquisitions—has come under intense scrutiny as screenshots of old tweets from 2009–2013 resurfaced online. Many of the posts contained sexually explicit jokes and remarks that critics described as predatory.

DON’T MISS: Everything You Need to Know About Suspended Paystack Co-Founder Ezra Olubi: Old Posts, Viral Allegations, Sexual Misconducts

The incident has reignited calls for stronger workplace accountability across Africa’s rapidly expanding tech ecosystem, where similar high-profile misconduct cases have pressured companies to confront governance, culture, and compliance shortcomings.

Paystack has not released a fresh official statement following Olubi’s blog post, and it remains unclear whether Stripe, its parent company, will comment on the matter. Any potential legal action by Olubi could lead to further disclosures or formal proceedings that shed more light on the company’s processes.

Efforts to reach Paystack for comment were unsuccessful as of the time of this report.