Paystack suspends co-founder Ezra Olubi amid sexual misconduct probe
Key Points
- Paystack suspends Ezra Olubi pending a full investigation. The firm removed him from all duties immediately.
- Allegations involve a subordinate and surfaced on social media. Old tweets about colleagues and minors also drew attention.
- Olubi deactivated his social account after the claims emerged. Paystack says it will not comment until probe finishes.
Paystack has suspended its co-founder and chief technology officer, Ezra Olubi. The company confirmed the suspension and said it treats the allegations seriously.
Image Credit:Image credit: Ezra Olubi / InstagramThe allegations surfaced on social media around 12 November 2025, involving a subordinate. ValidUpdates also covers a related political clash; see Asari Dokubo wants court-martialled.
The allegations prompted renewed scrutiny of old tweets attributed to Olubi between 2009 and 2013. Those posts included explicit remarks about colleagues and references to minors.
Investigation and corporate stakes
Paystack said Olubi has been removed from all duties pending the inquiry. The firm added it will not comment further until the probe completes.
Olubi did not respond to requests for comment and deactivated his X account. The company confirmed it had received media enquiries but will limit public updates while the process runs.
Industry watchers say the case tests how startups police senior leaders’ conduct. Because Paystack is owned by Stripe, any reputational harm may reach global partners.
What comes next
Observers expect the probe might prompt board review and policy changes. Stakeholders will watch for clear processes and visible outcomes from Paystack.
Company human resources will likely lead internal interviews and evidence gathering. Confidentiality and witness protection are usual components of such probes.
If wrongdoing is found, outcomes range from training to termination for cause. Legal teams may assess whether civil or criminal steps are appropriate.
Staff morale can be affected even before any formal findings emerge. Paystack faces pressure to show clear support for employee safety.
Investors often seek prompt and clear resolutions to limit business disruption. ValidUpdates also covered a public clash; see Lt Yerima berated by Wike.
Regulators may monitor the case for signals about sector governance norms. Any regulatory interest could widen scrutiny beyond the company itself.
Paystack’s public relations team will shape the messaging around the probe. Careful language can avoid prejudging outcomes while reassuring concerned audiences.
Background reporting notes Paystack’s rapid growth since its founding in Lagos. The firm became more visible after acquisition by a global payments company.
The current probe may lead other startups to tighten workplace conduct rules. Industry groups could update guidance on senior executive behaviour and oversight.
Paystack said it will respect individuals involved and protect the integrity of the process. The company added that it will update the public when investigations finish.
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