Paystack, the Nigerian payments company owned by Stripe, has suspended its Co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct said to involve a subordinate at the firm.
The development gained public attention on Wednesday after an individual who previously had a relationship with Olubi shared personal complaints online, leading to widespread discussion across social media platforms.
The post led to renewed circulation of several tweets authored by Olubi between 2009 and 2013, many of which contained sexually suggestive remarks involving colleagues and minors, prompting intense scrutiny and criticism.
The emergence of the old tweets sparked further debate about personal responsibility, workplace conduct, and the long-term consequences of past behaviour on social media. In response to the backlash, Olubi deactivated his X account.
Among the resurfaced tweets were comments that drew particular outrage, including: “I judge my female friends by the sound of their pee make. Thanks to the audio in my bathroom,” as well as another stating: “Save water. Take a bath with your neighbour’s daughter.”
One tweet posted on May 23, 2011, also generated strong public reaction. It read: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”
A report published by TechCabal on Friday confirmed that Paystack had opened a formal investigation into the matter, following internal escalation triggered by the online controversy.
In its statement to the platform, Paystack said: “Paystack is aware of the allegations involving our Co-founder, Ezra Olubi. We take matters of this nature extremely seriously. Effective immediately, Ezra has been suspended from all duties and responsibilities pending the outcome of a formal investigation.”
The company added that it would not be issuing further statements while the review continues, saying: “Out of respect for the individuals involved and to protect the integrity of the process, we will not be commenting further until the investigation is complete.”
Paystack, established in 2015 by Olubi and Shola Akinlade, has grown into one of Africa’s leading fintech companies, providing digital payment infrastructure for businesses across the continent.
The firm became the first Nigerian startup admitted into the renowned Y Combinator accelerator in 2016, a milestone that helped it attract global attention and expand its merchant base rapidly.
Its profile rose further in 2020 when global payments giant Stripe acquired the company for over US$200 million, one of the largest exits recorded in the Nigerian fintech ecosystem.
As Chief Technology Officer, Olubi was instrumental in building the systems and technological framework that enabled the company to scale across Nigeria and into other African markets.