A combined photo of Ezra Olubi and his alleged old tweet
By Toyin Williams
Paystack has suspended its Co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct involving a subordinate.
The allegation surfaced on November 12, 2025, prompting the company to initiate an internal investigation.
The suspension was confirmed to TechCabal, though Olubi has not publicly commented on the matter and did not respond to multiple requests for comment.
In an official statement, Paystack said:
“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 added that, to protect those involved and ensure the integrity of the process, it would not make further comments until the investigation is completed.
The allegation has also led to the renewed circulation of tweets attributed to Olubi from 2009 to 2013. The posts include sexually explicit jokes and comments about colleagues, as well as references that some users online have described as inappropriate.
Because these posts date back over a decade and have not been addressed by Olubi, their context and intent remain unclear.
Olubi deactivated his X (formerly Twitter) account on November 13, a day after the allegations surfaced.
The situation comes amid heightened discussions surrounding workplace behaviour and accountability within Africa’s rapidly growing tech ecosystem.
Recent high-profile cases elsewhere on the continent have sparked calls for stronger governance and clearer reporting mechanisms within startups.
Paystack and Stripe Yet to Issue Further Details
Paystack, acquired by Stripe in 2020 in a landmark $200 million deal, reiterated that it is following established internal procedures:
“In line with our internal policies, we have established a fair, transparent, and structured review process to conduct a thorough investigation.”
Stripe has not issued a public statement regarding the matter.
