Ezra Olubi, co-founder and former Chief Technology Officer of African fintech giant Paystack, has alleged that his employment was terminated prematurely while an investigation into serious allegations of sexual misconduct and disturbing decade-old social media posts was still underway.
In a statement released on Sunday, Olubi claims Paystack’s Board dismissed him on Saturday, November 22, 2025, without granting him a hearing or opportunity to respond, actions he argues violate both the terms of his suspension and the company’s internal policies.
Olubi, who co-founded Paystack in 2015 before its acquisition by Stripe in 2020 for over $200 million, was placed on immediate suspension on November 13, 2025. This followed the resurfacing of explicit and highly controversial social media posts he made between 2009 and 2013, alongside recent allegations of inappropriate workplace behavior toward a subordinate.
The decade-old posts contained sexually explicit comments about colleagues, minors, and other offensive references, prompting calls for a police investigation into potential criminal offenses.
Olubi alleges his dismissal was determined before the “independent” third-party investigation was concluded, and that the company failed to follow due process.
Olubi confirmed his legal team is now reviewing the process and will take the steps they consider appropriate, over the alleged wrongful dismissal.
Paystack and its parent company, Stripe, have not publicly responded to Olubi’s claim regarding the termination process. The company’s previous statement confirmed the appointment of an independent third-party investigator to ensure a “fair and transparent review.”
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