Paystack co-founder, Ezra, ‘sacked’ amid sexual misconduct investigation

Nigerian fintech giant Paystack has terminated the employment of its co-founder and Chief Technology Officer, Ezra Olubi, following a suspension linked to resurfaced allegations of sexual misconduct.

Olubi, who has been instrumental in Paystack’s growth since its founding in 2015 and its acquisition by Stripe in 2020, confirmed the termination in a public statement on Saturday, November 22, 2025.

The termination follows days of intense public scrutiny after Paystack’s Board of Directors announced an internal investigation into allegations circulating on social media. The claims include resurfaced past tweets containing sexually explicit remarks and personal grievances from a former associate.

Olubi stated that his termination was communicated before the investigation was concluded, and without affording him an opportunity to respond to the issues raised.

“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,” Olubi said.

He maintained that the posts do not reflect his behavior, stressing that he cooperated fully with the Board.

He noted that his legal team is reviewing the termination process to assess its alignment with internal company policies.

“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 concluded.

Paystack has not issued a follow-up statement regarding the termination, adhering to its initial commitment to remain silent until its internal investigation is complete to protect the integrity of the process.

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