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<\/p>\nPaystack, a Nigerian payments technology company owned by Stripe, has suspended its co-founder and Chief Technology Officer (CTO), Ezra Olubi, following a public allegation of sexual misconduct involving a subordinate.<\/p>\n
The company confirmed the immediate suspension on Friday, stating that a formal investigation into the matter is now underway.<\/p>\n
The allegation surfaced and began circulating widely on social media platforms, including X (formerly Twitter), on November 12, 2025.<\/p>\n
Paystack acknowledged the seriousness of the situation in a statement provided to TechCabal.<\/p>\n
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\u201cPaystack is aware of the allegations involving our Co-founder, Ezra Olubi,\u201d the company said. \u201cWe 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.\u201d<\/p>\n
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The company stated that it will not comment further until the review process, which is guided by internal policies and values, is complete.<\/p>\n
The public scrutiny of Olubi intensified following the renewed circulation of dozens of his past social media posts, dating between 2009 and 2013.<\/p>\n
These tweets, posted years before Paystack\u2019s founding in 2015, contain sexually explicit jokes, references to co-workers, and comments involving minors.<\/p>\n
One highly circulated tweet from May 2011 encouraged inappropriate touching of a co-worker. The resurfacing of these decade-old posts has added pressure on Paystack to demonstrate adherence to its public commitments to maintaining a respectful and safe workplace.<\/p>\n
Olubi has not publicly addressed either the current allegation or the resurfaced historical tweets. His X account was deactivated on November 13, 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
Paystack, a Nigerian payments technology company owned by Stripe, has suspended its co-founder and Chief Technology Officer (CTO), Ezra Olubi, following a public allegation of sexual misconduct involving a subordinate. The company confirmed the...<\/p>\n","protected":false},"author":2,"featured_media":9490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t