By Ghazali Ibrahim
Africa’s leading fintech company, Paystack, has announced the termination of its co‑founder and Chief Technology Officer, Ezra Olubi, amid circulating allegations of sexual misconduct and resurfaced past social‑media posts.
The dismissal was confirmed on November 24, 2025, following a suspension in early November when an online post accused Olubi of inappropriate relations with a junior employee.
The allegations triggered the resurfacing of decade‑old tweets attributed to Olubi, including one from May 2011 that read: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”
Paystack issued a brief statement saying it had initiated a formal investigation and would soon appoint an independent investigator.
However, in a blog post published on November 23, Olubi claimed he was informed of his termination on November 22 before the investigation was concluded and without being given a hearing or the opportunity to respond.
He described the decision as a “clear contravention” of Paystack’s internal procedures procedures he said he helped set up during his tenure.
The controversy represents a turning point for Paystack, a startup acquired by Stripe in 2020.
While the company remains silent on the specifics of the allegations and process timeline, the executive upheaval underscores the growing pressure on Africa’s tech sector to improve governance and accountability.
Olubi’s legal team has reportedly begun reviewing the termination for possible contractual or procedural breaches.
