Paystack, a Nigerian fintech company, has suspended its co-founder and Chief Technology Officer, Ezra Olubi, over allegations of sexual misconduct involving a subordinate.

The allegations surfaced on social media, prompting the company to initiate a formal investigation. Olubi has been suspended from all duties and responsibilities pending the outcome of the investigation ¹.

*Key Developments:*

– *Allegations and Suspension*: The allegations against Olubi include sexual misconduct, which the company takes very seriously. Paystack confirmed the suspension, stating that it has launched a formal investigation into the matter.

– *Resurfaced Tweets*: Old tweets attributed to Olubi have resurfaced, featuring sexually explicit jokes and comments about colleagues, as well as references to minors. These tweets have sparked widespread criticism and scrutiny.

– *Investigation and Next Steps*: Paystack has established a fair, transparent, and structured review process to conduct a thorough investigation. The company will not comment further until the investigation is complete, citing the need to protect the integrity of the process and the individuals involved.

– *Impact and Reactions*: The suspension has significant implications for Paystack, given its status as a prominent fintech company acquired by Stripe in 2020. The incident has sparked broader discussions about workplace conduct and accountability in Africa’s tech sector