Nigerian fintech company Paystack has terminated the employment of its co-founder and Chief Technology Officer, Ezra Olubi, following public allegations of sexual misconduct involving a junior employee.
Olubi confirmed the termination in a blog post on Sunday, November 23, 2025, stating that the decision was made before the company’s investigation had been completed.
He claimed he was not given a meeting or an opportunity to respond prior to the termination, which he said may have contravened the terms of his suspension and Paystack’s internal policies.
Ezra added that his legal team is reviewing the process and may take further action.
The controversy began in mid-November after a social media post alleging abusive behavior by Olubi went viral.
Internet users subsequently resurfaced explicit tweets from earlier in his career, dating from 2009 to 2013, which contained sexual content and jokes described by many as predatory.
Paystack, acquired by Stripe in 2020, initially suspended Olubi and opened a formal investigation. The company stated that it had established a review process and intended to appoint an independent investigator.
As of now, Paystack has not issued a new public statement following Olubi’s blog post, and it remains unclear whether Stripe will comment further. Any legal action by Olubi could lead to new disclosures that clarify the facts and company procedures surrounding the termination.
