Paystack, the Stripe-owned Nigerian payments company, has suspended its co-founder and chief technology officer, Ezra Olubi, following allegations of sexual misconduct involving a subordinate.
The allegation surfaced on social media on Wednesday, November 12, 2025, prompting swift public scrutiny.
The company confirmed the suspension to TechCabal, stating it has opened a formal 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.” The company said in a statement.
Paystack added that, out of respect for the individuals involved and to protect the integrity of the process, they will not comment further until the investigation is complete.
The allegation has also renewed attention on several decade-old tweets posted by Olubi between 2009 and 2013, many of which contain sexually explicit content, references to colleagues, and comments involving minors and sexualized anime characters.
In one resurfaced tweet from May 23, 2011, he wrote, “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”
The tweets, written years before he co-founded Paystack, re-emerged on Thursday and spread rapidly across X, intensifying scrutiny as the company proceeds with its investigation.
Olubi has not publicly addressed the tweets or the misconduct allegation; rather, he deactivated his X account on Thursday, November 13, 2025.
The resurfaced posts come at a time when Africa’s tech ecosystem has been increasingly forced to confront allegations of workplace misconduct among sector leaders.
Paystack is widely regarded as one of the most influential technology companies in Africa.
Launched in 2015, it became one of Y Combinator’s early African investments and was acquired by Stripe in 2020 for $200 million, one of the continent’s landmark exits.
Its alumni network has since seeded new ventures in logistics, fintech, and financial infrastructure across the region.
