Paystack Suspends Co-Founder Over Sexual Misconduct Allegations

Paystack, a prominent Nigerian fintech company co-founded by Ezra Olubi in 2015, has suspended him amidst allegations of sexual misconduct involving a subordinate. The suspension follows the surfacing of explicit tweets from Olubi between 2009 and 2013 containing sexual comments, including references to coworkers.

Olubi's immediate suspension for formal investigation has sparked intense scrutiny within the Nigerian tech community. Paystack, known for its success story in African technology, was acquired by Stripe in a deal worth $200 million in 2020.

The controversy surrounding Olubi's alleged misconduct has drawn significant attention on social media platforms.