Nigerian fintech company Paystack has fired its co-founder and chief technology officer, Ezra Olubi, following allegations of sexual misconduct.
Olubi announced the termination in a personal blog over the weekend, saying the decision came “even before the firm concluded its ‘independent investigation.’”
He added, “On Saturday, 22 November 2025, I was informed that my employment had been terminated. 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.”
The controversy began in mid-November 2025 after a social media post claimed Olubi had abusive behaviour toward a junior employee. The post went viral and resurfaced explicit tweets from his earlier career, some dating between 2009 and 2013.
Paystack had previously suspended Olubi while opening a formal investigation. The company confirmed that a review process was in place and that an independent investigator would be appointed.
Olubi stated that he was “not given a meeting or an opportunity to respond before my contract was ended” and suggested the termination appeared to violate the terms of his suspension and the company’s internal policies.
Paystack, acquired by Stripe in 2020, has faced public scrutiny as screenshots of Olubi’s past posts circulated online. The material included sexually explicit jokes and remarks described by many as predatory.
Paystack has not issued a new statement following Olubi’s blog post, and it is unclear if Stripe, the parent company, will comment further.
