Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following a sexual misconduct allegation involving a subordinate that began circulating online on Wednesday, November 12.
The company confirmed the suspension, stating that a formal investigation had been opened. According to Paystack, its board is in the process of appointing an independent third-party investigator to ensure a fair and confidential review.
“As of Thursday evening, November 13, 2025, Ezra has been suspended from all duties and responsibilities pending a formal investigation,” the company said, adding that no further comments will be made until the inquiry is concluded.
The allegation has also revived attention around dozens of explicit tweets posted by Olubi between 2009 and 2013, resurfaced screenshots showing sexually charged comments about colleagues, meetings, and minors. The renewed spotlight has intensified public scrutiny as he has not responded to requests for comment and has deactivated his X account.
The development comes as the African tech ecosystem continues to confront multiple incidents of workplace misconduct among senior executives. In October, the CEO of Kenyan IT firm Pawa IT Solutions, Oscar Limoke, was fined by a court following sexual harassment and assault claims brought by a former staff member.
Founded in 2015 and acquired by Stripe in 2020, Paystack remains one of Africa’s most influential tech companies. Its handling of this case is being closely watched within and outside the ecosystem, raising questions about workplace governance, internal accountability, and leadership conduct.
Paystack, which has long emphasised values such as transparency and respect, reiterated its commitment to a safe work environment.
“In line with our internal policies, we have established a fair, transparent, and structured review process to conduct a thorough investigation,” the company said.
More details to follow…
