Ezra Olubi, the co-founder and chief technology officer CTO of Paystack, has been suspended by the company after social media posts and new allegations of sexual misconduct forced a reckoning for one of Africa's best-known fintech figures. Paystack confirmed the suspension to WT and said it has opened a formal investigation.
The story began this week when Amaka Max Mbaegbu, a US-based Nigerian finance professional with whom Olubi had been engaged in a short-lived throuple relationship that the trio were quite vocal and public about, shared worrying details across a series of written posts and audio accounts on X, alleging that Olubi had engaged in inappropriate conduct with a subordinate and describing patterns of manipulation, disturbing behaviour and verbal abuse.
The posts also prompted users to resurface a cache of decade-old messages linked to Olubi's X account, many of which were sexually explicit and deeply troubling. Olubi deactivated his account after the material spread. Paystack moved quickly to suspend him pending the outcome of a formal review.
