Paystack, the leading Nigerian fintech company owned by Stripe, has confirmed the suspension of its co-founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct involving a subordinate. The company stated that a formal investigation has been launched into the claims.
Formal Investigation Launched
The company, founded in 2015 by Ezra Olubi and Shola Akinlade, confirmed its decisive action in a public statement:
“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 emphasized that no further details would be provided until the inquiry is concluded, stressing the need to respect all parties involved and ensure the integrity of the investigative process.
Resurfacing Controversial Tweets
The controversy began on social media on Wednesday after an individual who previously had a relationship with Olubi published personal complaints online. This post prompted renewed public attention to disturbing tweets Olubi had posted between 2009 and 2013, many of which contained sexually suggestive content involving colleagues and minors.
The resurfacing of the tweets reignited public debate over accountability, personal conduct, and the long-lasting impact of social media activity. Olubi has since deactivated his X account.
Some of the controversial, resurfaced tweets drew widespread criticism, including one posted in 2011: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”
Paystack is a major player in African fintech, providing online and offline payment infrastructure to businesses across the continent.
Ezra is a very dangerous man. This type of person should be kept away from young people. pic.twitter.com/3QcoPC8M0x
— Ete Ibe😎 (@itsleeswhag) November 13, 2025
Source: Africa Publicity
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