Paystack Suspends Co‑Founder Ezra Olubi Amid Sexual Misconduct Allegations!

Paystack Suspends Co‑Founder Ezra Olubi Amid Sexual Misconduct Allegations!

Reported By Marian Opeyemi Fasesan | Sele Media Africa

Nigeria‑based fintech firm Paystack, owned by Stripe, has suspended its co‑founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct involving a subordinate. The company confirmed the suspension in a statement on Friday, November 14, 2025, noting that a formal investigation is underway. [1]

“Paystack is aware of the allegations involving our Co‑founder, Ezra Olubi… Effective immediately, Ezra has been suspended from all duties and responsibilities pending the outcome of a formal investigation.” — Paystack statement. [2]

Key Details:

• The allegation against Olubi surfaced publicly on November 12, 2025, via social media platforms. [1]
• Alongside the recent claim, a number of tweets posted by Olubi between 2009–2013 resurfaced. These posts contain sexually explicit jokes and references to inappropriate behaviour. [3]
• Olubi has not issued a public response and reportedly deactivated his X (formerly Twitter) account on November 13, 2025. [4]
• Paystack emphasised it will not comment further until the internal review is concluded. [5]

Why It Matters:

Paystack is one of Africa’s leading fintech companies and a flagship Nigerian startup, making this a major governance and reputation crisis for the sector.

• The allegations raise broader concerns about workplace safety, power imbalances, and executive accountability within Nigeria’s tech ecosystem.
• With Paystack’s status as a major tech exit and global fintech player, the situation may prompt investors and regulators to scrutinise governance structures in African startups more closely.

Next Steps:

• Paystack and Stripe are expected to issue further updates on the investigation’s findings and any ensuing action.
• Stakeholders, including employees and investors, will watch how the company manages the fallout and whether leadership changes or policy reforms result.
• The case may influence regulatory discussions regarding harassment, workplace protection and executive ethics in Nigeria’s technology industry.

Citations:

1. Businessday NG: businessday.ng/technology/article/paystack-suspends-co-founder-cto-ezra-olubi-amid-sexual-misconduct-allegation/?utm_source=chatgpt.com
2. DAILY TIMES Nigeria: dailytimesng.com/paystack-suspends-co-founder-ezra-olubi-following-allegation-of-sexual-misconduct/?utm_source=chatgpt.com
3. Nigeria Info, Let’s Talk!: www.nigeriainfo.fm/news/homepage/paystack-suspends-co-founder-ezra-olubi-after-sexual-misconduct-allegation/?utm_source=chatgpt.com
4. Leadership News: leadership.ng/paystack-co-founder-ezra-olubi-deactivates-x-account-after-old-disturbing-tweets-resurface/?utm_source=chatgpt.com
5. Pulse Nigeria: www.pulse.ng/articles/news/trending/paystack-suspends-ezra-olubi-2025111320463914539?utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

editor

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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