Paystack, the Stripe-owned Nigerian fintech giant, has suspended its Co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct involving a subordinate.
The decision, comes as the company launches a formal internal investigation into the matter. The controversy was fueled by a social media post detailing a personal complaint, which subsequently led to the resurfacing of highly inappropriate, sexually suggestive tweets Olubi had posted between 2009 and 2013.
The matter gained public attention on Wednesday, November 12, after a social media post containing personal complaints by an individual who had a relationship with Olubi circulated online.
The current controversy reignited public debate after old tweets posted by Olubi between 2009 and 2013 resurfaced. These posts included sexually suggestive content, sometimes referencing minors and colleagues inappropriately.
Paystack confirmed the action in a statement, emphasizing the seriousness of the issue and confirming the launch of a formal probe;
Effective immediately, Ezra has been suspended from all duties and responsibilities pending the outcome of a formal investigation
Paystack emphasized its commitment to an independent investigation, stating it would not comment further to protect the integrity of the process.
Paystack, founded in 2015 by Olubi and Shola Akinlade, was acquired by global payments company Stripe in 2020 for over $200 million, making it one of the most prominent fintech success stories in Africa.
