Paystack has dismissed its co-founder and Chief Technology Officer, Ezra Olubi, days after suspending him over sexual misconduct allegations circulating on social media.
The action comes amid the company’s earlier announcement that it would conduct a formal investigation into the allegations and that it would refrain from commenting until the investigation was over.
Paystack announced on Thursday that Mr. Olubi had been suspended from all tasks and responsibilities until a thorough inquiry was conducted. The business declared that an impartial third-party investigator would be appointed by its Board, which had started a review process. On Saturday, November 22, 2025, Mr. Ezra Olubi disclosed that his job was terminated prior to the conclusion of the investigation.
“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 initially stated. It added that no further comment would be made “to protect the integrity of the process.”
Recall that Ezra Olubi had come under heavy backlash after his decade old disturbing tweets resurfaced online.
Ezra Olubi Releases Statement, Expresses Displeasure Over Termination
Responding to the news of his termination, in a public statement titled “SHIT EZRA SAYS Terminated”, Mr Olubi criticised the manner of his dismissal, saying the process violated Paystack’s internal procedures.
“Over the past few days, my name and reputation, built over years as cofounder and technical leader at Paystack, have been called into question because of information circulating online,” he wrote.
He said he stayed silent to avoid interfering with the investigation: “On Saturday, 22 November 2025, I was informed that my employment had been terminated. This decision was taken before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised, in clear contravention of the terms of the suspension and Paystack’s own internal policies.”
Ezra Olubi claimed that he engaged in the process in good faith and that his legal team is now reviewing the circumstances surrounding the termination.
“My legal team is now reviewing the process that led to my purported termination, including its consistency with internal policies. They will take the steps they consider appropriate, and I will not be commenting further on this matter at this time”, he added.
Since this development, there has been mixed reactions trailing the announcement with some netizens claiming that there was no fair hearing on Ezra’s part.
Join Our Social Media Channels:
WhatsApp:NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
