Ezra Olubi, Co-founder and former CTO of Paystack, has been trending in the news after being accused of turning his success into a sexual playground involving women, men, and even his own staff. He says the way Paystack fired him is unfair.
On Monday, November 24th, the tech community was shocked to hear that Paystack had terminated Ezra’s appointment. This came after the company earlier announced that it had hired an independent investigator to look into serious sexual misconduct allegations against him.
However, the story took another turn when Ezra published a blog post saying Paystack had already fired him over the weekend before the investigation even ended and without giving him a chance to defend himself.
He wrote:
“On Saturday, 22 November 2025, I was told that my job had been terminated. This decision was made before the investigation was completed, and I was not given any meeting, hearing, or opportunity to respond, which goes against the terms of my suspension and Paystack’s policies.”
When Ezra’s suspension was first announced, Osita James Uche of Blackcrest Law, explained that what happens next depends heavily on the details of Ezra’s contract after Stripe bought Paystack.
According to him, when companies merge or get acquired, founders sometimes have clauses requiring them to stay for a certain number of years. If Ezra’s stay was voluntary, removing him would be easy if the company believed he was involved in wrongdoing. But if the stay-back was mandatory, things become more complicated.
Uche also said that if Ezra still has a big share in the company, a board position, or operational power, he could still influence decisions. In such cases, the board would have to vote but only after the investigation is properly completed.
It now seems Paystack rushed to remove Ezra from his role to protect the company’s reputation and to show that they take employee conduct seriously, whether inside or outside the workplace.
“I had no chance to defend myself,” Ezra says.
In his short statement, he insisted that Paystack did not follow the right procedures and that the investigation had not reached any conclusion before he was fired.
He added:
“As co-founder and long-time Board member, I helped create the very systems Paystack uses today. I cooperated fully with the investigation and followed the Board’s instructions.
My legal team is now reviewing the process that led to my termination. They will take whatever steps they consider necessary.”
Ezra has decided to fight what he calls an unfair dismissal, and his lawyers are now involved. Whether this decision helps him or not remains to be seen the situation is still unfolding.
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