Paystack Suspends Co-Founder Ezra Olubi Over Sexual Misconduct Allegations

Paystack Suspends Co-Founder Ezra Olubi Over Sexual Misconduct Allegations

Paystack, the Nigerian fintech giant acquired by Stripe, has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following serious allegations of sexual misconduct and the resurfacing of troubling past social media posts.

The suspension, announced on Thursday, November 14, 2025, comes after Olubi’s former partner published a viral post on November 12 detailing accusations of inappropriate behavior with a subordinate. The post triggered widespread online backlash and renewed scrutiny of Olubi’s digital footprint. Shortly afterward, several archived posts from his old X (formerly Twitter) account—dating from 2009 to 2013—resurfaced, containing disturbing references involving minors and animals.

In response to the mounting criticism, Olubi deactivated his X account, but the controversy continued to escalate across social platforms.

Paystack released an official statement confirming his suspension and the launch of a formal internal investigation into the allegations. The company emphasized its zero-tolerance stance on misconduct, stating:

“We take these accusations extremely seriously. Paystack is committed to providing a safe and respectful environment for all employees, and we have initiated a thorough investigation to address the matter.”

The development has sent shockwaves through Nigeria’s tech ecosystem, where Olubi has long been regarded as one of the country’s most influential innovators. Industry observers note that the situation raises broader questions about workplace ethics, accountability, and leadership standards in Africa’s fast-growing startup sector.

As the investigation continues, Paystack has assured stakeholders that it will prioritize transparency and due process. Further updates are expected as more details emerge.