Paystack don shake ground well-well as dem announce say dem don terminate co-founder Ezra Olubi. E happen as tweets wey him post ten years ago come back to life, and na serious wahala wey dem call ‘significant negative reputational damage.’ Talk about bad juju!
As dem dey yarn, Paystack clear say dem make this decision under their contractual rights and no be small matter. Dem ensure say every financial obligation wey dey to Ezra don settle before dem pack am waka. Na so e be for corporate world, after all!
Dem also stress say this termination no follow the ongoing investigation wey dem dey carry out. This investigation dey focus on other allegations of workplace misconduct wey dey surround Olubi. After all the heavy lifting, Aluko & Oyebode na the law firm wey dey handle the matter—no just any type of lawyer o!
Last week, Paystack don already suspend Ezra after allegations of sexual misconduct pop up online. The matter don dey hot, especially as people don dey dig up his old tweets. Trust me, nobody wan dey linked with any scandal for this fintech space!
Paystack come declare say dem take quick action based on their responsibility as a regulated financial institution. Dem emphasize say their executives behaviour fit directly affect public trust, governance, and regulatory confidence. So, reputational risk na major concern. Bros, if your face no clean, why you go dey for this type of job?
As e dey hot right now, Olubi don challenge the termination process. For im blog, he don shout say im legal team dey look into whether Paystack follow their internal policies for this whole palava. He don even talk say the tweets wey don spoil him name no reflect wetin him be throughout im life. E no even wan touch the tweets wey bring all dis drama. Na wah!
As the independent investigation dey continue, Paystack dey face big wahala for founder accountability, governance standards, and the future of one of Africa’s finest fintech companies. How dem go handle this wahala fit determine how dem go rebuild trust and meet regulatory expectations in the coming months. Flex for the comments wey dey come o, my people!
We also fit remember say Paystack na the first Nigerian company wey enter Y Combinator, and dem do big things since 2015. But this year, e be like say dem don dey enter wahala more than good news. Just when dem launch dem consumer app, Zap, everything come dey scatter with legal issues and misconduct wahala. Na where dem dey, e no sweet at all!
So, as we dey follow this saga, one question remain: how Paystack fit come back from dis year wey don turn to wahala? Make we sit down dey watch, this one go good gists for palm wine!
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