Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, over allegations of sexual misconduct involving a subordinate. The suspension follows the resurfacing of several old posts on X that triggered widespread criticism online.

According to TechCabal, Paystack has begun a formal investigation into the allegations, and Olubi will remain suspended pending the outcome. The company noted that it is aware of the claims and takes such matters very seriously.

The controversy began in mid-November 2025 when an individual known as Max Obae posted accusations on social media suggesting that a tech leader had mistreated a former partner and employees.

Although Obae did not initially name Olubi, observers quickly connected the dots to Paystack’s CTO, prompting them to dig up past posts that many have described as shocking. Olubi has since deactivated his X account, but screenshots of the posts continue to circulate. Some of the resurfaced posts include disturbing comments about sexual activity involving animals, children, and co-workers.

Olubi’s case adds to a growing pattern of controversy surrounding Nigeria’s tech ecosystem.

One prominent example was Patricia, the crypto startup that, in 2023, blamed a “hack” for freezing customer withdrawals. A Techpoint Africa investigation later revealed that the crisis may have stemmed more from mismanagement than a cyberattack, with claims of misappropriated funds and weak internal financial controls.

In January of 2025, Techpoint Africa also reported that the Lagos State Revenue Service was investigating claims that Bento submitted fake receipts to conceal the missing remittances. Around the same time, the company faced similar issues in Ghana, where businesses accused Bento of failing to remit taxes and pension payments, a situation linked to poor documentation and high staff turnover.

These incidents have revived long-standing conversations about accountability, workplace culture, and corporate governance across Africa’s tech sector.

However, the controversy surrounding Paystack is especially significant given the company’s status as one of Africa’s most important technology startups, particularly after its high-profile acquisition by Stripe.

Techpoint Africa has reached out to Paystack for comments, but has not received a response at the time of this publication.

This is a developing story.