Paystack suspends co‑founder Ezra Olubi amid sexual misconduct allegations

Paystack, one of Nigeria’s leading fintech companies, has suspended its co‑founder and Chief Technology Officer, Ezra Olubi, following serious allegations of sexual misconduct. The company confirmed that it has launched a formal internal investigation, emphasizing its commitment to a fair and structured review process.

The allegations surfaced online and prompted Paystack to act swiftly. Olubi has been relieved of all duties and responsibilities until the investigation is concluded to ensure transparency and maintain the integrity of the workplace.

Public scrutiny intensified when decade‑old posts from Olubi resurfaced. Those posts contained sexually explicit language, references to co‑workers, and disturbing remarks involving inappropriate sexual themes. Among the most controversial posts is one suggesting inappropriate contact with a colleague, which has triggered widespread outrage.

Paystack stated that its investigation will be guided by internal policies, organizational values, and a dedication to creating a safe and respectful workplace for all employees. The company has committed to keeping the process transparent and independent wherever possible.

Ezra Olubi has not made a public statement addressing either the allegations or the resurfaced posts. His social media accounts were reportedly deactivated shortly after the controversy emerged.

The incident has raised broader questions within Nigeria’s tech community about executive accountability, workplace culture, and the standards expected from leaders in high-growth startups. How Paystack handles this situation may set a precedent for managing similar cases across Africa’s fast-growing tech ecosystem.