Nigerian fintech company Paystack has dismissed its Co-founder and Chief Technology Officer, Ezra Olubi, following online accusations claiming he engaged in inappropriate sexual behaviour with a junior employee.
Olubi confirmed his removal in a blog post published on Saturday, 23 November 2025, stating that the company took action before concluding its inquiry.
Social Media Claims Spark Controversy
The situation gained attention in mid-November after a viral social media post alleged misconduct by Olubi.
The post encouraged people to resurface several explicit tweets from his earlier years online.
Paystack later acknowledged that Olubi had been suspended and that a formal investigation was underway.
The company noted that an independent investigator would be brought in to examine the matter.
Olubi Challenges the Process, Hints at Legal Action
In his statement, Olubi said he was neither called in for a meeting nor offered an opportunity to defend himself before being fired.
He asserted that the decision contradicted the terms of his suspension and breached Paystack’s internal protocols.
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.”
Old Tweets Resurface as Public Pressure Increases
Paystack acquired by Stripe in 2020 has come under intense scrutiny as screenshots of Olubi’s old tweets, dating from 2009 to 2013, circulated widely.
The posts contained sexually explicit jokes and comments that many online users described as predatory.
The development has reignited discussions about accountability within Africa’s tech ecosystem, particularly as more misconduct cases push companies to rethink governance and workplace culture.
Awaiting Further Updates
Paystack has yet to release an updated statement addressing Olubi’s allegations.
It is also unclear whether Stripe, the parent company, will issue a public comment or intervene.
If Olubi proceeds with legal steps, the case could lead to additional information coming to light or even court proceedings that might clarify what led to the company’s decision.
As of the time of reporting, Paystack had not responded to Techpoint Africa’s request for comments.