Nigeria’s leading fintech company, Paystack, has terminated the appointment of its Co-Founder and Chief Technology Officer, Ezra Olubi, over sexual misconduct allegations.
Olubi confirmed the sacking in a personal blog post –https://browndroppings.co/
He insisted he was not given a hearing or the opportunity to respond to the allegations prior to termination.
He noted that the decision was communicated without a meeting and appears inconsistent with the terms of his suspension and the company’s policies.
“On Saturday, 22 November 2025, I was informed that my employment had been terminated. 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 said.
“As co-founder, technical leader and long-serving Board member, I have been part of instituting the systems and processes that underpin Paystack’s internal operations. I engaged with this investigation in good faith and cooperated fully with the Board’s directives on that basis.”
“My legal team is now reviewing the process that led to my purported termination, including its consistency with internal policies. They will take the steps they consider appropriate, and I will not be commenting further on this matter at this time,” he added.
The scandal erupted in mid-November after a social media user accused the Paystack executive of abusive behaviour.
The post went viral instantly, prompting thousands to resurface a trove of explicit and controversial tweets authored by Olubi between 2009 and 2013.
One tweet from May 23, 2011, stated: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”
The old posts, made years before he co-founded Paystack, recently resurfaced and rapidly spread across X, triggering renewed outrage.
Paystack, in its earlier response, confirmed that Olubi had been suspended and that a formal investigation had commenced.
The company said it had established a review process and intended to appoint an independent investigator to assess the allegations.
But Olubi’s claim that he was fired before that process concluded has raised fresh questions about internal governance, accountability procedures, and whether external pressure influenced Paystack’s decision.
Acquired in 2020 by global payments giant Stripe, in one of Africa’s most celebrated tech exits, Paystack now faces intense scrutiny as critics demand transparency.
Neither Paystack nor Stripe has issued any fresh public statement following Olubi’s post.
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