Paystack Suspends Co-founder and CTO Ezra Olubi Amid Sexual Misconduct Allegations
Paystack, the prominent Stripe-owned Nigerian payments company, has announced the suspension of its co-founder and Chief Technology Officer (CTO), Ezra Olubi. This significant development follows an allegation of sexual misconduct reportedly involving a subordinate, which first surfaced on social media on Wednesday, November 12, 2025. The news has drawn considerable attention within the African tech ecosystem, raising important discussions about accountability and professional conduct at senior levels in fast-growing technology firms.
Paystack’s Firm Stance and Renewed Scrutiny
In response to the serious accusations, Paystack confirmed Olubi’s immediate suspension to TechCabal, underscoring the company’s commitment to addressing such matters with utmost seriousness. “Paystack is aware of the allegations involving our Co-founder, Ezra Olubi,” the company stated. “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 its respect for privacy and the integrity of the investigation, noting, “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.” This decisive action reflects Paystack’s adherence to a robust internal process for handling grave workplace allegations. Furthermore, the incident has revived scrutiny of Olubi’s past online activity, specifically tweets posted between 2009 and 2013. These resurfaced posts include explicit comments about colleagues, sexual jokes, and references to minors, intensifying public debate and highlighting the lasting impact of digital footprints on individuals, particularly those in leadership positions within the global tech industry.
The suspension of a key figure like Ezra Olubi marks a critical juncture for Paystack and the broader Nigerian tech landscape. As the formal investigation proceeds, the outcome will undoubtedly be closely watched by stakeholders across the continent, potentially setting new benchmarks for corporate governance and ethical standards. This situation reinforces the vital importance of fostering a safe, respectful, and accountable environment for all professionals within the dynamic and rapidly expanding African technology sector.
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