Nigerian fintech giant Paystack has dismissed its Co-founder and Chief Technology Officer, Ezra Olubi, following public accusations that he engaged in s+xual relations with a junior employee.
Olubi disclosed his termination in a blog post on Saturday, November 23, 2025, stating that Paystack ended his contract before completing its internal investigation.
The controversy began in mid-November after a viral social media post accused Olubi of ab¥sive conduct. The uproar led users to dig up old explicit tweets from 2009–2013, intensifying public pressure. Paystack later confirmed it had suspended Olubi and initiated a formal review process, including plans to appoint an independent investigator.
In his statement, Olubi said he was neither granted a meeting nor given the opportunity to defend himself before the termination was issued a move he claims violated the terms of his suspension and Paystack’s own internal procedures. He added that his lawyers are examining the process and considering next steps.
Paystack acquired by Stripe in 2020 in one of Africa’s biggest tech exits has since faced mounting scrutiny as screenshots of Olubi’s resurfaced posts circulated widely, containing s+xually suggestive and controversial comments many described as predatory.
The incident has reignited calls for improved safeguarding and accountability within Africa’s fast-growing tech industry, which has seen multiple high-profile misconduct cases force companies to reassess their culture and governance frameworks.
Paystack has not released a new statement in response to Olubi’s blog post, and it remains unclear whether Stripe, its parent company, will issue any comment. Any legal action by Olubi may lead to further disclosures or potential court proceedings that shed light on the company’s actions and investigative process.
