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    MarketForces Africa » Fintech » Paystack Suspends Co-Founder Ezra Olubi over Sexual Misconduct Allegations

    Paystack Suspends Co-Founder Ezra Olubi over Sexual Misconduct Allegations

    Julius AlagbeBy Julius AlagbeNovember 14, 2025Updated:November 14, 2025 Fintech No Comments2 Mins Read
    Paystack Suspends Co-Founder Ezra Olubi over Sexual Misconduct Allegations
    Ezra Olubi
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    Paystack Suspends Co-Founder Ezra Olubi over Sexual Misconduct Allegations

    Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following a now viral sexual misconduct allegation, the company confirmed on Friday.

    Paystack said a formal internal investigation has been launched. The company, according to TechCabal, 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.”

    Paystack added that it would not comment further until the investigation is complete, stating, “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.”

    The suspension follows the resurfacing of Olubi’s decade-old social media posts, reportedly made between 2009 and 2013, which included sexualised comments about “touching a coworker… inappropriately” and minors.

    One tweet from May 23, 2011, read: “Monday will be more fun with an ‘a’ in it. Touch a coworker today. Inappropriately.”

    Another tweet read,” I judge my female friends by the sound their pee makes. Thanks to the audio recorder in my bathroom.”

    Olubi has not publicly responded to the posts but has deactivated his X account. Olubi was awarded the title of Officer of the Order of the Niger (OON) by the late former President Muhammadu Buhari.

    He was among the 450 recipients who were awarded, making the total number of Nigeria’s National Honours Awardees 5,341 since 1963. First Holdco Dips Below N1.3trn Amidst Huge Trading Volume

    Ezra Olubi Paystack
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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