BREAKING: Paystack Suspends Co-founder Ezra Olubi Over Sexual Misconduct Allegation

2 Min Read
  • Paystack suspends co-founder and CTO Ezra Olubi following sexual misconduct allegations.

  • Allegations include resurfaced decade-old tweets with sexually explicit content and references to minors.

  • Formal investigation launched; Olubi suspended pending outcome.

Paystack has announced the suspension of its co-founder and Chief Technology Officer, Ezra Olubi, after allegations of sexual misconduct involving a subordinate surfaced.

In a statement, the Stripe-owned fintech confirmed that it has launched a formal inquiry into the accusation.

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The controversy escalated when several of Olubi’s tweets from 2009 to 2013 resurfaced, containing sexually explicit comments about colleagues and references to minors. One widely circulated 2011 tweet read: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”

“Paystack is aware of the allegations involving our Co-founder, Ezra Olubi,” the company said. “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 added that it would not provide further details until the investigation concludes, citing the need to respect the parties involved and maintain the integrity of the process.

Following the viral circulation of the tweets, Olubi deactivated his X account. Paystack stated it is committed to ensuring a fair and transparent inquiry.

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