Paystack fires co-founder Ezra Olubi following misconduct allegations

Paystack has terminated the appointment of its co-founder and CTO, Ezra Olubi, after an allegation of misconduct involving a subordinate began circulating publicly on November 12, 2025. 

Olubi revealed on November 23, 2025, through a blog post, that Paystack ended his contract before finishing its investigation into the matter, feeling hard done by.

In his blog post, Olubi said he was not given a chance to speak or defend himself before the company terminated his role. He claimed the decision went against the conditions of his suspension and Paystack’s internal rules. He also said his lawyers are now looking into what happened.

“My legal team is reviewing the process that led to my termination,” he wrote, adding that he would not comment further.

Paystack — which was bought by Stripe in 2020—has been under heavy public pressure as old screenshots of Olubi’s tweets (from 2009–2013) spread widely. Many people criticised the content and described it as inappropriate. 

The situation has reignited calls for better workplace standards in Africa’s tech industry, especially as more cases of misconduct have pushed companies to address culture and leadership issues.

Paystack has not released a new statement since Olubi’s blog post. Stripe has also not commented on the matter. If Olubi takes legal action, more details about what happened may become public through court processes.

*This is a developing story.