Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct involving a subordinate that surfaced on November 12, 2025.
The company confirmed the suspension to TechCabal, stating that a formal investigation is currently underway. Olubi has not responded to requests for comment.
In a statement, the company says, “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. 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.”
The allegation has renewed scrutiny of tweets Olubi posted between 2009 and 2013, which include sexually explicit jokes about colleagues, comments referencing photographing a coworker’s thighs, and posts involving minors and sexualized anime characters.
One tweet from May 23, 2011, stated: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.” These resurfaced posts circulated widely on X, intensifying public attention. Olubi has not addressed the tweets and deactivated his account on November 13.
The controversy unfolds amid broader conversations about workplace misconduct in Africa’s tech ecosystem. In October, Pawa IT Solutions CEO Oscar Limoke was fined by Kenya’s Employment and Labour Relations Court following sexual harassment allegations.
Paystack, founded in 2015 and acquired by Stripe for $200 million in 2020, is regarded as one of Africa’s leading fintech startups. The resurfaced tweets and current allegation have prompted renewed discussions about leadership accountability and workplace culture. Stripe has not issued a comment.
Paystack added that it has launched “a fair, transparent, and structured review process” in line with its internal policies to ensure a thorough investigation.
