BREAKING: Paystack suspends co-founder Ezra Olubi, following allegations of sexual misconduct.

Paystack, the Nigerian fintech now owned by Stripe, has suspended its co‑founder and CTO, Ezra Olubi, following serious allegations of sexual misconduct involving a subordinate. 

The suspension comes after a storm on social media: a number of Olubi’s old tweets from 2009 to 2013 resurfaced, containing sexually explicit content, jokes about coworkers, references to minors, and other deeply troubling themes.

Paystack released a statement confirming the allegations, saying they “take matters of this nature extremely seriously.” The company says it has put in place a formal, “fair, transparent, and structured” review process, guided by its internal policies, and has asked Olubi to step away from all his responsibilities during the investigation. 

In response to the resurfaced tweets, Olubi has deactivated his X (formerly Twitter) account. 

The controversy also includes personal allegations made by Max “Makispoke” Obae, who claimed in a social media session that Olubi manipulated, emotionally abused, and coerced her, alleging a power imbalance in their relationship. Obae said the dynamic turned toxic after learning about Olubi’s sexual involvement with a subordinate.

Observers have noted that the resurfacing of those old posts raises broader questions around workplace culture at Paystack, especially given Olubi’s high-profile role and the company’s influence in Africa’s fintech scene. 

Given Paystack’s size and reach — including its acquisition by Stripe in 2020 — many are watching closely to see how the company handles the investigation, and whether it will enforce strong accountability measures at its top levels. 

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