Nigerian fintech Paystack has terminated the employment of its Co-founder and chief technology officer, Ezra Olubi, after public allegations that he had sexual relations with a junior employee.
Olubi announced the firing in a blog post on Saturday, November 23, 2025, explaining that the decision was made before the company concluded its investigation.
The issue surfaced in mid-November, following a viral social media post alleging abusive behaviour by Olubi, which led users to reshare explicit tweets from his earlier years. Paystack confirmed that it had suspended Olubi and commenced a formal investigation, noting that a review process had been established and that an independent investigator would be appointed.
In his post, Olubi stated that he was not granted a meeting or a chance to respond before his contract was terminated, adding that the move appeared to violate the terms of his suspension and the company’s internal procedures. He further noted that his legal team would be evaluating potential next steps.
“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 wrote.
Paystack, acquired by Stripe in 2020 in one of Africa’s notable tech exits, has faced significant public scrutiny as screenshots of old posts, some from 2009–2013, resurfaced online. The content included sexually explicit jokes and comments that many considered predatory.
The situation has reignited broader conversations on workplace accountability within Africa’s expanding tech ecosystem, where multiple misconduct allegations in recent years have pressured companies to address cultural and governance shortcomings.
Paystack has not issued a new public statement following Olubi’s blog post, and it remains uncertain whether Stripe — the company’s parent firm — will provide further clarification. Any legal steps by Olubi could lead to additional disclosures or court proceedings that shed more light on the events and the organisation’s processes.