Paystack—Fired co-founder and CTO Ezra Olubi over sexual misconduct allegations involving a subordinate
In November 2025, Paystack suspended and then terminated co-founder and CTO Ezra Olubi following allegations of sexual misconduct involving a subordinate that circulated on social media. Olubi claimed he was fired 'before the supposed investigation was concluded, and without any meeting, hearing, or opportunity to respond.' The company stated: 'As a regulated company, we have a responsibility to act quickly when conduct has the potential to undermine trust.' One investor said the scandals make it 'harder for entrepreneurs building companies and VCs trying to raise funds.'
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Gender Equity | -against | primary | -1.00 |
| Overall incident score = | -0.443 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)× agency (reactive ×0.75)
Evidence (1 signal)
Fired co-founder and CTO Ezra Olubi over sexual misconduct allegations involving a subordinate
In November 2025, Paystack suspended and then terminated co-founder and CTO Ezra Olubi following allegations of sexual misconduct involving a subordinate that circulated on social media. Olubi claimed he was fired 'before the supposed investigation was concluded, and without any meeting, hearing, or opportunity to respond.' The company stated: 'As a regulated company, we have a responsibility to act quickly when conduct has the potential to undermine trust.' One investor said the scandals make it 'harder for entrepreneurs building companies and VCs trying to raise funds.'