Paystack, a prominent Nigerian fintech company, has parted ways with its Co-founder and Chief Technology Officer, Ezra Olubi, following online accusations of inappropriate sexual conduct with a subordinate.

In a blog post dated November 23, 2025, Olubi revealed his termination, criticizing the company for acting before the investigation was concluded.

Allegations Trigger Online Debate

The controversy began in mid-November when a social media post accusing Olubi of misconduct rapidly gained attention.

This online post encouraged the resurfacing and sharing of several explicit tweets linked to Olubi from previous years.

Paystack confirmed Olubi’s suspension, announcing that a formal investigation into the allegations was underway.

The company said an internal process was in place and that an independent investigator would be appointed.

Olubi Rejects Process, Hints at Legal Steps

In his blog post, Olubi stated that he was neither invited to a meeting nor given a chance to respond before he was removed.

He argued that the dismissal appeared to go against the terms of his suspension and Paystack’s internal rules.

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, Pressure Mounts

Paystack, which was acquired by Stripe in 2020, has been under heavy public scrutiny as screenshots of Olubi’s old posts, some from 2009 to 2013, spread online.

The posts contained sexually explicit jokes and comments that many described as inappropriate or predatory.

The situation has renewed calls for stronger accountability in Africa’s growing tech industry, where recent misconduct cases have pushed firms to rethink workplace culture and governance.

Awaiting Company Response

Paystack has not issued a new statement following Olubi’s claims.

It also remains unclear if Stripe, the parent company, will comment or intervene as the situation develops.

Any legal move by Olubi could lead to fresh disclosures or possible court action that may clarify the events and the company’s decision-making process.

Techpoint Africa contacted Paystack for comments but received no response at the time of reporting.