Paystack Co-founder Ezra Olubi Suspended Pending Investigation into Misconduct Allegations

P Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct that resurfaced online, prompting public backlash.

In an official statement, the company 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 controversy began after old posts attributed to Olubi, including explicit comments, circulated on social media, drawing condemnation from the public and calls for accountability. Reports also include claims of alleged misconduct involving a subordinate, which Paystack says will be addressed through its internal review process.

As a major player in Africa’s fintech sector, Paystack’s response has drawn attention from both industry observers and the wider public. Experts note that the outcome of the investigation could set a precedent for handling workplace misconduct within the tech ecosystem.

Paystack has yet to indicate how long the investigation will take but stressed its commitment to a transparent review process, emphasizing that the company takes ethical standards and employee safety seriously.