Nigerian fintech company, Paystack, has said the dismissal of its co-founder and former Chief Technology Officer, Ezra Olubi, followed due process.
The firm stated that it acted under its contractual rights and that the decision is separate from the ongoing independent investigation into workplace misconduct allegations.
According to a statement by the company, it had met all financial obligations owed to Olubi.
“As a regulated company operating in multiple markets, we have a responsibility to act quickly when conduct has the potential to undermine trust. After reviewing the situation, we exercised our right under his contract and followed due process to end his employment.
“This has no bearing and is separate from the independent investigation into the allegations of workplace misconduct, which remains ongoing. The review is being led by Aluko and Oyebode, the external law firm appointed by the Board. It is continuing independently, and we will share updates once it is complete,” the company stated.
On Monday, Olubi wrote in his personal blog that he had been sacked before the investigation was completed.
He wrote: “I was not given a meeting or an opportunity to respond before my contract was ended,” adding that the termination “appeared to contravene the terms of (his) suspension and the company’s internal policies.”
He also said that his legal team would explore possible steps in response.
