Paystack Cuts Ties with Board Member Following Misconduct Allegations

A co-founder and board member of the Nigerian fintech company Paystack, Ezra Olubi, has been removed from his position. The company terminated his contract after allegations of sexual misconduct circulated widely on social media. Paystack had initially placed Mr. Olubi on suspension to investigate the claims. The allegations gained significant attention on the platform X, formerly known as Twitter. The company has now concluded its review and ended his contract. Paystack, which is owned by the international payments firm Stripe, has not released further details about the investigation. The company's decision underscores its commitment to addressing serious internal allegations promptly.