Paystack has suspended its co-founder, Ezra Olubi, over sexual misconduct allegations.
Glamtush reports that Stripe-owned Nigerian fintech giant Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following a sexual misconduct allegation involving a subordinate that surfaced on social media this week.
In a statement on Thursday, the company confirmed that Olubi has been relieved of all duties pending the outcome of an internal investigation.
“Paystack is aware of the allegations involving our co-founder, Ezra Olubi. We take matters of this nature extremely seriously. Effective immediately, Ezra has been suspended from all duties and responsibilities pending the outcome of a formal investigation.
“Out of respect for the individuals involved and to protect the integrity of the process, we will not be commenting further until the investigation is complete,” the company announced.
Paystack said it has established a “fair, transparent, and structured” review process to conduct a thorough investigation.
This, the payment firm said, aligns with its internal policies.
“This process is guided by our policies, our values, and our commitment to maintaining a safe and respectful environment for all employees,” the firm added.
The allegation, which first appeared on social media on Wednesday, escalated after a Nigerian tech publication unearthed several of Olubi’s old tweets posted between 2009 and 2013. The resurfaced posts contained sexually explicit comments, references to photographing a coworker’s thighs, and remarks involving minors. One widely circulated tweet from 2011 read: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”
Olubi co-founded Paystack in 2015 with CEO Shola Akinlade. The company became a landmark African tech success story when U.S. payments giant Stripe acquired it in 2020 for over $200 million.
The revelations have triggered widespread debate on social media about corporate accountability and workplace culture in Nigeria’s tech sector, with many calling for transparency and stronger safeguards in the industry.
His official X account was also deactivated yesterday, November 13.
