Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following resurfaced allegations of sexual misconduct involving a subordinate. The controversy erupted after several old posts on X resurfaced, triggering widespread public criticism and online backlash.
In an email response to Techpoint Africa, Paystack confirmed the suspension, emphasizing its commitment to workplace safety and ethical standards.
“As of Thursday evening, November 13, 2025, Ezra has been suspended from all duties and responsibilities pending a formal investigation.
“In accordance with our internal policies, we have initiated a review process led by Paystack’s Board. The Board is in the process of appointing an independent third-party investigator to ensure the investigation is conducted fairly, thoroughly, and with full confidentiality.”
The issue gained traction in mid-November 2025 when Max Obae, a social media commentator, shared posts alleging that a prominent tech leader had mistreated a former partner and employees. Although Olubi was not named initially, online observers quickly linked the claims to him. Users began circulating screenshots of his past posts, which contained disturbing comments involving animals, minors, and co-workers. Olubi later deactivated his X account, but the screenshots continued to spread.
This development adds to the growing list of controversies within Nigeria’s tech ecosystem.
One notable example was Patricia, the crypto startup that in 2023 claimed a “hack” led to frozen withdrawals. A later investigation by Techpoint Africa suggested the crisis likely stemmed from poor financial controls and possible mismanagement rather than a cyberattack.
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In January 2025, the Lagos State Internal Revenue Service also launched an investigation into Bento over allegations of fake receipts used to hide missing remittances. Around the same time, Ghanaian businesses accused the company of failing to remit taxes and pension payments, issues reportedly linked to weak documentation and high staff turnover.
These incidents have reignited critical discussions about governance, accountability, and work culture within Africa’s growing tech industry.
The Paystack situation carries particular weight due to the company’s reputation as one of Africa’s most influential tech startups, especially following its landmark acquisition by Stripe.
