Nigerian payments company, Paystack, has suspended its Co-founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct involving a subordinate.

The company, in a statement issued on Wednesday night, said the suspension was effective immediately and that a formal investigation had commenced.

“Paystack is aware of the allegations involving our co-founder, Ezra Olubi. We take matters of this nature extremely seriously. Effective immediately, Ezra has been suspended from all duties and responsibilities pending the outcome of a formal investigation,” the statement read.

The development followed widespread circulation of the allegation on social media on Nov. 12, alongside resurfaced tweets from Olubi’s account dating back to 2009–2013.

The tweets, which contained sexually explicit remarks about colleagues, minors, and anime characters, triggered public outrage and calls for accountability.

Olubi has not issued a public response and deactivated his X (formerly Twitter) account shortly after the controversy escalated.

Paystack said it would refrain from further comment until the investigation is concluded, citing respect for those involved and the need to preserve the integrity of the review process.

The incident comes amid growing scrutiny of misconduct in Africa’s tech sector. In October, a Kenyan court fined Oscar Limoke, CEO of Pawa IT Solutions, for sexual harassment and assault in a case that led to a staff resignation.

Founded in 2015, Paystack is one of Africa’s most prominent startups, known for its landmark $200 million acquisition by Stripe in 2020. The company’s reputation and global ties have drawn significant attention to the ongoing investigation.

Paystack reaffirmed its commitment to maintaining a safe and respectful workplace, stating that the review would follow a transparent process aligned with its internal policies and values.

Stripe, Paystack’s parent company, has yet to respond to requests for comment.

The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) is proud to announce a strategic partnership with Vontech, an AWS Advanced Consulting Partner, to advance blockchain innovation and capacity building across Nigeria’s digital economy.

Through this collaboration, blockchain startups and developers in Nigeria will gain access to $100,000 in AWS Cloud credits, empowering them to build, scale, and optimize solutions that leverage cloud infrastructure and artificial intelligence.

This partnership represents a significant milestone in SiBAN’s mission to create an enabling environment for blockchain adoption, regulatory engagement, and sustainable innovation within the country. By connecting local builders with global technology resources, SiBAN continues to champion a future where Nigerian blockchain projects can compete and collaborate on a global scale.

“At SiBAN, our vision is to make Nigeria one of the safest and most vibrant blockchain ecosystems in the world. This partnership with AWS and Vontech reflects our commitment to equipping our members and startups with the technical foundation needed to innovate confidently and grow sustainably,” Obinna Iwuno

SiBAN invites blockchain founders, startups, and ecosystem enablers to join its growing network of innovators, regulators, and investors working together to strengthen Nigeria’s digital asset and Web3 landscape.

By becoming a SiBAN member, you gain access to training programs, international partnerships, policy advocacy, and exclusive opportunities like this AWS initiative designed to drive real impact across the blockchain sector.

United Kingdom has officially launched Phase Two of the Nigeria–UK PACT (Partnering for Accelerated Climate Transitions) Fund, unveiling a new package of support aimed at powering Nigeria’s clean energy transition and climate resilience.

The announcement was made at the UN Climate Change Conference (COP30) in Brazil, where the UK government revealed eight new technical assistance projects and five expert deployments designed to help Nigeria implement its Nationally Determined Contributions (NDCs) and achieve net-zero emissions by 2060.

UK PACT is a flagship programme under the UK Government’s International Climate Finance portfolio, jointly managed by the Foreign, Commonwealth and Development Office (FCDO) and the Department for Energy Security and Net Zero (DESNZ).

It operates across Africa, Asia, and Latin America, providing technical assistance, capacity building, and knowledge exchange to support climate commitments and inclusive transitions.

Launched in 2021, the Nigeria–UK PACT Fund has supported Nigeria in strengthening climate governance, mobilising finance, and implementing clean energy and nature-based solutions aligned with the country’s Energy Transition Plan, Climate Change Act, and NDCs.

The new portfolio focuses on two key areas: clean energy transition and climate policy and governance.

Five clean energy projects will scale up decentralised renewable energy solutions, enhance energy sector institutions’ capacity to integrate renewables, and create market-enabling environments to attract private investment.

Implementing partners include Landell Mills, Africa PPP Advisory Services, Mercy Corps, Wayne Energy Consult, and Glasgow Caledonian University.

Three climate policy and governance projects will build institutional capacity, improve data systems for evidence-based policymaking, and foster policy frameworks to encourage private sector innovation.

Expert deployments will support the Nigerian Electricity Regulatory Commission (NERC), Rural Electrification Agency (REA), and National Council on Climate Change (NCCC). Partners include the Greenhouse Gas Management Institute, Perspectives Climate Research gGmbH, and University of York.

The projects are expected to enhance climate data tracking, facilitate small-scale hydropower deployment, strengthen Nigeria’s climate negotiation skills, and unlock over $8 billion in private investment for renewable energy in the healthcare sector.

The UK government said these efforts form a foundation for deeper engagement in Nigeria’s journey to net zero.