Paystack Says Ezra Olubi Was Fired For “Significant Reputational Damage”
✍️ By Teju/ November 24, 2025/ 5:06pm
Paystack has released new details explaining why it terminated the employment of its co-founder, Ezra Olubi, stating that the decision was based on “significant negative reputational damage” caused by resurfaced tweets linked to him.
The company emphasized that the dismissal was separate from the ongoing independent investigation into allegations of workplace misconduct. According to Paystack, the reputational fallout from the viral posts had already caused harm to the company’s image, prompting them to exercise their contractual rights.
This update follows Olubi’s earlier public claim that he was fired unfairly. He stated that the termination came before the conclusion of the internal review and argued that he was not given a fair opportunity to present his side. The situation raised concerns around due process, governance, and how companies handle allegations involving top leadership.
In its latest statement, Paystack insisted it “followed due process” and fulfilled all financial obligations owed to Olubi. The company reiterated that while an independent probe is still ongoing, the reputational damage alone was substantial enough to justify the termination.
The controversy has since sparked wider discussion on how fast-growing African tech companies manage leadership accountability, public perception, and internal policy enforcement. As the investigation continues, eyes remain on both Paystack and Olubi as the story unfolds.
