Paystack Co-Founder Ezra Olubi sacked Amid Allegations of Misconduct

Nigerian fintech leader Paystack has officially terminated the employment of its co-founder and Chief Technology Officer, Ezra Olubi, following a suspension linked to resurfaced allegations of sexual misconduct. Olubi, who has played a central role in Paystack’s technical growth since its founding in 2015, confirmed his dismissal in a public statement on Saturday, November 22, 2025.

The termination follows a suspension initiated by Paystack’s Board of Directors earlier this month, which coincided with an internal investigation into online allegations. These claims, gaining traction on social media, stem from past tweets and personal grievances shared by a former associate. The suspension was initially framed as a step toward an independent inquiry.

Olubi expressed that the termination was communicated before the investigation concluded. He stated, “This decision was taken before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised, in clear contravention of the terms of the suspension and Paystack’s own internal policies.” He maintained that the posts in question do not reflect his behavior and emphasized his full cooperation with the Board.

Olubi added that his legal team is reviewing the termination process to ensure it aligns with Paystack’s internal policies and will take appropriate steps as needed.

Paystack, known for its strategic partnership with global payments firm Stripe and its role in Africa’s $1 billion digital payments market, has yet to issue a follow-up statement. The fintech’s handling of this situation has drawn significant public attention and may influence workplace accountability and governance standards within Africa’s growing tech ecosystem.