…Probes Sexual Misconduct Allegations
Paystack, the Nigerian fintech company, has suspended its co-founder and chief technology officer, Ezra Olubi, following circulating allegations of sexual misconduct in the workplace.
The company confirmed the decision on 14 November 2025, noting that a formal investigation has been launched.
The controversy erupted on November 12 when a social media trend exposed alleged misconduct involving Olubi and a subordinate.
In tandem, posts from Olubi’s now-deleted X account—dating between 2009 and 2013—resurfaced. These included sexually-explicit jokes about colleagues, references to experiencing erections during meetings, and remarks involving minors, bestiality, and sexualised anime characters.
In its official statement to TechCabal, Paystack said: “Paystack is aware of the allegations involving our Co-founder, Ezra Olubi. We take matters of this nature extremely seriously. Effective immediately, Ezra has been suspended from all duties and responsibilities pending the outcome of a formal investigation.”
And further: “Out of respect for the individuals involved and to protect the integrity of the process, we will not be commenting further until the investigation is complete.”
The firm also explained that it has established a “fair, transparent, and structured” review process, consistent with its internal policies and its commitment to a safe, respectful environment for all employees.
Founded in 2015 by Olubi together with Shola Akinlade, Paystack provides digital payment infrastructure across Africa. The business grew rapidly, gained international backing and was acquired in 2020 by Stripe for more than US$200 million.
- FG Halts Plan for 15% Import Duty on Petrol and Diesel - November 14, 2025
- Paystack Suspends Co-Founder, Probes Sexual Misconduct Allegations - November 14, 2025
- Wike, Soldiers Clash in Abuja Over Land - November 12, 2025