Nigeria 🇳🇬: Paystack Co-founder Ezra Olubi Reportedly Fired Amid Sexual Misconduct Allegations

 

 Nigerian Fintech Giant Faces Scrutiny Following Internal Investigation

 In a move that has sent shockwaves through the African tech community, Ezra Olubi, co-founder and former Chief Technology Officer (CTO) of the leading Nigerian fintech company Paystack, has reportedly been dismissed from the company over allegations of sexual misconduct.

While Paystack has yet to issue an official public statement confirming the termination, multiple unconfirmed reports suggest that the decision followed an internal investigation into the claims. The allegations, which reportedly surfaced from an external party, are said to have led to immediate action by the company's leadership and parent entity, Stripe.

The situation has put a spotlight on corporate governance and workplace culture within Nigeria's booming technology sector. Olubi, known for his unique and colorful personal style, was a high-profile figure and a foundational pillar of Paystack, which he co-founded with Shola Akinlade in 2015. The company was acquired by the U.S. financial technology giant Stripe in 2020 for over $200 million.

Sources close to the company indicate that leadership is working to manage the crisis and ensure minimal disruption to operations, while adhering to strict ethical and legal standards regarding workplace safety and employee conduct. The reported firing, if confirmed, signals a firm stance by the company against any form of sexual misconduct.

The dismissal comes at a critical time for Paystack, which continues to expand its services across the continent. The company's leadership will now be under pressure to provide clarity and reassure employees, partners, and the public about its commitment to maintaining a safe and professional environment.

Seeking Official Confirmation

We are currently reaching out to Paystack and Stripe representatives for official comments regarding the status of Ezra Olubi and the nature of the internal investigation.