Ezra Olubi, former co-founder and chief technology officer of Paystack, claims the company unfairly fired him amid an internal investigation into resurfaced allegations of misconduct.
Olubi had been suspended after old social media posts from over a decade ago sparked widespread backlash. The company launched an investigation to review the allegations and assess his conduct.
However, Olubi claims Paystack fired him before the investigation was complete, arguing that the move violated the organization’s internal policies. He says he was not allowed to defend himself or formally respond to the allegations before the board made its decision.
He added that his legal team is reviewing the entire process, including whether Paystack followed due process. Olubi stated that he fully cooperated with the investigators and remained silent publicly to avoid influencing the review. However, he now believes that this silence allowed “misrepresentations” to spread unchecked.
Olubi maintains that the resurfaced posts do not reflect his actual behavior or professional trajectory, and insists that the company’s action constituted a procedural injustice.
The controversy has intensified the growing debates about accountability, due process, and governance practices in Nigeria’s tech ecosystem. Paystack, one of the country’s leading fintech companies, now faces public scrutiny for how it handled the suspension and dismissal of a founding executive.
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