Paystack Fires Co-Founder Over Sexual Misconduct Allegations

Paystack, a prominent Nigerian fintech company, terminated its co-founder Ezra Olubi following allegations of engaging in sexual activities with a junior staff member. The controversy arose after social media users accused Olubi of misconduct, leading to his suspension and subsequent dismissal.

Olubi defended himself in a blog post, claiming the decision violated suspension terms and company procedures. Paystack, acquired by Stripe in 2020, faced intense scrutiny over the incident, with old comments by Olubi resurfacing.

The termination sparked a mix of reactions on social media. FAAN also expressed excitement about rolling out a cashless payment system at Nigerian airports.