Nigerian fintech company, Paystack, has sacked its co-founder and Chief Technology Officer, Ezra Olubi.
The sack follows a suspension linked to resurfaced allegations of sexual misconduct.
Olubi, who has been at the forefront of Paystack’s technical development since its founding in 2015, confirmed the termination in a public statement at the weekend.
The company’s board of directors had earlier placed Olubi on suspension and announced an internal investigation into the allegations circulating online.
The claims, which drew significant attention across social media platforms, include past tweets and personal grievances from a former associate. The suspension was initially described as a step toward an “independent” investigation into the matter.
In his statement, Olubi said the termination was communicated before the investigation was concluded.
“On Saturday, 22 November 2025, I was informed that my employment had been terminated. This decision was taken before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised, in clear contravention of the terms of the suspension and Paystack’s own internal policies,” he stated
According to him, he was not given a chance to respond to the allegations, a development he described as a breach of Paystack’s policies.
Olubi maintained that the posts for which he was being investigated, do not reflect his behaviour, stressing that he cooperated fully with the Board.
He further stated that his legal team is reviewing the termination process and assessing its alignment with internal company policies.
“My legal team is now reviewing the process that led to my purported termination, including its consistency with internal policies. They will take the steps they consider appropriate, and I will not be commenting further on this matter at this time,” he said.
Paystack is yet to issue a statement about the termination.
