An escalating corporate crisis has rocked African fintech giant Paystack after the company fired co-founder and technical leader Ezra Olubi on Saturday, 22 November 2025. The company dismissed him following the resurfacing of old X posts alleging sexual misconduct.

Olubi fired back publicly through his personal blog, “Shit Ezra Says,” calling the termination unfair. He has engaged his legal team and vows to fight the decision.

This high-profile case adds serious gravity to a string of scandals involving Nigerian tech founders, raising fresh questions about accountability in the ecosystem.

Olubi, who built his reputation over years as Paystack’s technical leader, says the controversy began when the Board of Directors suspended him to launch an independent investigation into the circulating allegations.

However, the co-founder asserts that Paystack violated corporate policy and due process when it terminated him. He highlights that the Board made the termination decision before completing the investigation.

Olubi claims Paystack fired him without any meeting, hearing, or opportunity to respond to the allegations. He states this directly contravened the suspension terms and Paystack’s own internal policies.

“These posts do not reflect my conduct or the way I have lived my life,” Olubi insists. He maintains that he has always conducted himself in a manner that respects everyone’s dignity and safety. He notes that he cooperated fully with the Board’s directives, expecting a fair, thorough, and unbiased review.

Olubi confirms that his legal team now reviews the termination process, including whether it aligns with internal policies and procedures. They will “take the steps they consider appropriate,” signaling a protracted legal battle ahead.

The Paystack co-founder, who historically played an integral role in building the systems and processes underpinning Paystack’s internal operations, concluded by stating he will not comment further on the matter at this time.