Paystack’s co-founder and longtime technical lead, Ezra Olubi, says the company terminated him before an “independent” investigation into online allegations was completed — a move he claims violated the terms of his suspension.
Driving the news
In a personal note titled “Terminated” published Nov. 23, the executive says:
- He was suspended after allegations surfaced online and told an independent investigation would follow.
- He stayed silent to avoid disrupting the process, which he says allowed rumors and “misrepresentations” to spread.
- On Nov. 22, he received notice that his employment was terminated before the investigation concluded.
- He says he was not given a hearing, meeting, or opportunity to respond — and that the move contradicts Paystack’s own policies.
- He “categorically denies” the allegations and says they are inconsistent with how he has conducted himself professionally.
The other side
Paystack has not publicly commented on the claims or provided details on the investigation, its status, or the rationale behind the termination.
Between the lines
The post frames the dispute not around the allegations themselves, but around process:
- Due process: He argues the board acted prematurely.
- Governance: It raises questions about how the company handles internal disciplinary matters — especially at the leadership level.
What’s next
- His lawyers are reviewing the suspension and termination process.
- He says he won’t issue additional public comments until the legal review is complete.
- Industry watchers are looking for a response from Paystack in the coming days.
