Paystack has revealed the actual reason behind its decision to sack co-founder Ezra Olubi, stating that it was not due to the sexual misconduct allegations against him.
According to Techcabal, the company said it terminated Olubi over “significant negative reputational damage” caused by his resurfaced problematic tweets.
Paystack revealed that Olubi’s termination was independent of the investigation into alleged sexual misconduct.
“As a regulated company operating in multiple markets, we have a responsibility to act quickly when conduct has the potential to undermine trust,” the company said.
“After reviewing the situation, we exercised our right under his contract and followed due process to end his employment.”
Paystack noted that all financial obligations owed to Olubi had been fulfilled.
“This has no bearing and is separate from the independent investigation into the allegations of workplace misconduct, which remains ongoing,” the company stated.
“The review is being led by Aluko and Oyebode, the external law firm appointed by the Board. It is continuing independently, and we will share updates once it is complete.”
Recall Dockaysworld reported earlier that Olubi questioned his sacking and pondered whether the decision was consistent with Paystack’s internal policies.
He also insisted that the controversy did not reflect his character, saying: “I have always, to the best of my ability, conducted myself in a manner that respects everyone’s dignity and safety.”
