Paystack Fires Co-founder Ezra Olubi Amidst Controversy
Nigerian fintech giant Paystack has made headlines by terminating the employment of its co-founder and Chief Technology Officer, Ezra Olubi. The decision follows public allegations of inappropriate behavior, specifically concerning sexual relations with a junior employee. This move underscores the serious nature of the accusations and reflects the tech company’s commitment to addressing the situation, albeit controversially.
Details of the Termination and Allegations
The termination was announced by Olubi himself in a blog post on November 23, 2025. He stated that the firing occurred before the completion of the company’s investigation into the allegations. The controversy ignited in mid-November when a social media post detailing allegations against Olubi gained significant traction. This triggered the resurfacing of explicit tweets from his earlier career. In response, Paystack confirmed it had suspended Olubi and initiated a formal investigation. The company also announced plans to appoint an independent investigator and establish a review process. However, Olubi’s blog post indicated he was not afforded a meeting or the opportunity to respond to the allegations before his contract was terminated. He also suggested the termination may have violated the terms of his suspension and Paystack’s internal policies, adding that his legal team would be looking into the matter. This case highlights the complexities of addressing workplace misconduct within the African tech space, where company culture and legal frameworks are constantly evolving.
Paystack’s decision is a significant development within Nigeria’s rapidly growing fintech sector, sending ripples throughout the tech community and beyond. The future of Paystack and Olubi’s legal battles are something to watch out for.
Keywords
Related Keywords: Paystack layoffs, Paystack job cuts, Paystack employee terminations, Paystack firing, Paystack company restructure, Paystack news, Paystack staff reduction, Paystack job losses, Paystack workforce reduction
