Paystack has officially suspended its co-founder and Chief Technology Officer, Ezra Olubi, following serious allegations of sexual misconduct involving a subordinate. This decisive action comes after a series of old posts on X (formerly Twitter) resurfaced, sparking widespread online criticism and public outrage.

In a statement to Techpoint Africa, Paystack confirmed Olubi’s suspension, emphasizing the gravity with which the company treats such accusations. The statement clarified that, as of Thursday evening, November 13, 2025, Olubi has been relieved of all duties and responsibilities pending the outcome of a formal investigation. Paystack’s Board has launched a review process and is appointing an independent third-party investigator to ensure the inquiry is conducted with the utmost fairness, thoroughness, and confidentiality.

The controversy first erupted in mid-November 2025, when an individual named Max Obae made public accusations on social media, alleging mistreatment of a former partner and employees by an unnamed tech leader. Although Olubi was not initially named, online observers quickly linked the claims to Paystack’s CTO, prompting a closer look at his past social media activity. Olubi subsequently deactivated his X account, but screenshots of disturbing posts continue to circulate widely.

The resurfaced posts reportedly contain shocking and inappropriate content, including references to sexual activity involving animals, children, and co-workers. This incident is not isolated; it contributes to a growing pattern of controversy within Nigeria’s burgeoning tech ecosystem.

Notable examples of previous controversies include Patricia, a crypto startup that, in 2023, attributed frozen customer withdrawals to a security breach that cost nearly $2 million, after which it converted users’ assets into a proprietary “Patricia Token” without their consent.