Paystack, one of Nigeria’s leading fintech companies, has reportedly terminated the employment of co-founder Shola Olubi following allegations of sexual misconduct. The company stated that it takes such claims seriously and is committed to maintaining a safe and respectful workplace for all employees.

According to sources, the decision followed an internal investigation into the allegations. Paystack emphasised that it upholds strict ethical standards and expects all staff, including top executives, to adhere to professional conduct. The company reassured employees and the public that appropriate measures are being taken in line with company policies and legal requirements.

The news has sparked discussions within the tech and business community, with many highlighting the importance of accountability at leadership levels. Analysts believe that handling such sensitive cases transparently is crucial for maintaining trust among employees, investors, and customers in Nigeria’s fast-growing fintech sector.

Paystack stated that it remains focused on its mission of providing innovative financial services while ensuring a safe work environment. The company also encouraged victims of misconduct to report incidents and assured that all claims would be treated with seriousness, confidentiality, and fairness.