Paystack co-founder Ezra Olubi suspended over sexual misconduct allegations – Newstrends
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Paystack co-founder Ezra Olubi suspended over sexual misconduct allegations

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Ezra Olubi

Paystack co-founder Ezra Olubi suspended over sexual misconduct allegations

Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct involving a subordinate and the resurfacing of past controversial tweets.

The suspension was confirmed to TechCabal on Friday, with the company stating that it had initiated a formal investigation into the claims.

“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 company added that it would not comment further “out of respect for the individuals involved and to protect the integrity of the process.”

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The development follows a social media post by a former partner of Olubi, which revived public scrutiny of several old posts he made between 2009 and 2013. The tweets—some of which contained sexually suggestive comments—circulated widely online, sparking discussions about personal conduct and the long-term consequences of social media activity. Olubi has since deactivated his X account.

Olubi co-founded Paystack in 2015 alongside Shola Akinlade. The fintech platform became the first Nigerian startup accepted into the Y Combinator accelerator in 2016, expanding rapidly to support tens of thousands of businesses across Africa.

In 2020, Paystack was acquired by global payments giant Stripe in a deal reportedly worth over $200 million—one of the largest fintech exits in Nigerian startup history.

Olubi, as CTO, played a central role in building the company’s technology infrastructure and expansion.

The investigation into the allegations is ongoing, and no further official statements have been issued.

Paystack co-founder Ezra Olubi suspended over sexual misconduct allegations

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Ex-CBN Governor Godwin Emefiele Denies Allegations of Financing Terrorism

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Godwin Emefiele

Ex-CBN Governor Godwin Emefiele Denies Allegations of Financing Terrorism

Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has strongly denied allegations linking him to terrorism financing in Nigeria, describing the claims as “mischievous and malicious.”

In a statement released on Saturday, December 6, 2025, Emefiele said the reports were “entirely fabricated, baseless, and a deliberate attempt to malign my name, mislead the public, and sow confusion for motives best known only to the publishers and their sponsors.”

He emphasized that the fight against terrorism is too important to be trivialized by irresponsible reporting, warning that Nigerians deserve accurate information rather than “reckless misinformation.”

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“Throughout my service to the nation and in my private life, at no time have I been involved in any activity remotely connected to terrorism, terrorist financing, or any action that threatens the peace and security of our nation,” Emefiele stated. He added that he has never been invited, questioned, or investigated regarding such allegations and has no connection to the individual cited in the media reports.

“There is no scintilla of truth in the allegation,” he said, urging the public to disregard the claims entirely and calling on media organizations to verify facts before publishing sensational stories.

Emefiele’s statement seeks to reaffirm his reputation and distances him from any activities undermining national security.

Ex-CBN Governor Godwin Emefiele Denies Allegations of Financing Terrorism

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Shettima Inaugurates Multi-Million Naira Juma’at Mosque in Gumel

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Shettima Inaugurates Multi-Million Naira Juma’at Mosque in Gumel

Vice President Kashim Shettima on Friday inaugurated the newly constructed multi-million-naira Juma’at Mosque located within the Emir of Gumel’s Palace in Jigawa State.

According to a statement by Zainab Rabo, Senior Special Assistant on Media Affairs to Governor Umar Namadi, the event drew high-level dignitaries, including top politicians, first-class emirs, captains of industry, and prominent Islamic scholars from across the country.

Rabo disclosed that the mosque was built by the Kashim Shettima Foundation, adding that Governor Umar A. Namadi and the Sultan of Sokoto graced the ceremony.

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During the occasion, the Vice President congratulated the Emir of Gumel, Alhaji Ahmed Mohammed Sani, on marking 45 years on the throne, describing the milestone as a blessing and testament to exemplary leadership.

Shettima also reaffirmed his commitment—through his foundation—to initiatives that would improve the lives of Nigerians.

The Vice President further commended Governor Namadi for his notable strides in modern agriculture, noting that Jigawa’s progress under his leadership had positioned the state competitively within Nigeria and beyond.

“Governor Namadi is equal to the task, looking at his two-year achievements and the way he transformed Jigawa in modern agriculture,” Shettima stated.

 

Shettima Inaugurates Multi-Million Naira Juma’at Mosque in Gumel

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Police Launch Special Enforcement Team to Enforce Tinubu’s Ban on VIP Escorts

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Inspector-General of Police (IGP), Kayode Egbetokun

Police Launch Special Enforcement Team to Enforce Tinubu’s Ban on VIP Escorts

The Nigeria Police Force (NPF) has deployed a Special Enforcement Team in Lagos to enforce President Bola Tinubu’s directive ending the use of police officers as escorts and guards for Very Important Persons (VIPs).

The operation, according to a statement posted on the Force’s official X account on Saturday by the Force Public Relations Officer, CSP Benjamin Hundeyin, commenced at about 10:00 a.m. on December 6, 2025, across key locations in Lagos State.

Hundeyin confirmed that the team carried out compliance checks at major points, including the Lekki–Ikoyi Link Bridge, the Murtala Muhammed International Airport domestic terminal, and other strategic hotspots within the state.

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He disclosed that officers found “satisfactory and commendable” compliance with the presidential directive, with no incidents of unauthorised police escort and no arrests recorded.

“The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, reiterates the Force’s commitment to the full implementation of the presidential directive,” the statement said. “The Nigeria Police Force remains resolute in redeploying its personnel to core policing duties aimed at enhancing general security, crime prevention, and the protection of lives and property nationwide.”

Hundeyin added that enforcement would continue across the country “without fear or favour,” urging Nigerians to support the push for a more professional and citizen-focused policing system.

President Tinubu had, on November 23, ordered the immediate withdrawal of police officers from VIP protection, directing that they be reassigned to frontline policing roles. According to the President’s Special Adviser on Information and Strategy, Bayo Onanuga, VIP protection will now be handled by armed operatives of the Nigeria Security and Civil Defence Corps (NSCDC).

The policy aims to free up police manpower for critical security operations, particularly in underserved communities, and enhance overall national security efficiency.

Police Launch Special Enforcement Team to Enforce Tinubu’s Ban on VIP Escorts

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