Paystack co-founder and former Chief Technology Officer, Ezra Olubi, has questioned the circumstances surrounding the termination of his employment, saying the company removed him before an ongoing internal investigation reached any conclusion.
Olubi disclosed the development in a personal statement published on his blog, where he confirmed that Paystack informed him of the contract termination on 22 November 2025, despite previously placing him on suspension pending a formal review of allegations circulating online.
According to him, the company initiated an internal process described as an independent investigation, but the employment decision was taken without a hearing or any opportunity for him to address the issues raised.
He stated that the move appeared inconsistent with the terms of his suspension and the company’s established procedures.
The former CTO said he chose not to make earlier public comments to avoid interfering with the review process and had expected what he described as a fair and transparent examination of the allegations.
He added that remaining silent created space for assumptions and unverified narratives to spread across online platforms.
Olubi maintained that the material being circulated does not represent his professional or personal conduct and said he has consistently acted in a manner that respects the dignity and safety of others.
He noted that he cooperated fully with the directives issued during the suspension and participated in the process in good faith.
He further stated that his legal advisers are now assessing the sequence of events leading to the termination and evaluating its compliance with internal corporate policies. They are expected to determine the appropriate next steps.
Paystack, acquired by Stripe in 2020, has not issued a new public statement following Olubi’s blog post.
The company had earlier confirmed that it launched a review into the allegations and planned to appoint an external party to support the investigation.
It remains unclear whether the firm or its parent company will provide additional clarification on the matter.
The development has drawn renewed attention across Nigeria’s technology sector, where calls for stronger governance practices and transparent disciplinary frameworks have continued to grow in recent years.
Industry observers say any legal challenge arising from the case could prompt further scrutiny of workplace standards and leadership accountability within high-growth startups.