Paystack co-founder Ezra Olubi and journalist clash over alleged defamatory tweets
Paystack co-founder Ezra Olubi is demanding ₦140 million from journalist David Hundeyin over alleged defamatory posts.
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On January 26, 2026, Ezra Olubi, co-founder and former CTO of Paystack, and his legal team issued a pre-action notice to David Hundeyin, a well-known investigative journalist, demanding ₦140 million ($100,000) in damages for alleged defamation.<br />
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The notice stems from a series of tweets posted by Hundeyin in December 2025. In posts that garnered millions of views, Hundeyin drew a provocative parallel between Olubi and the American mogul Sean “Diddy” Combs.<br />
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Hundeyin allegedly claimed that Olubi shared a “God complex,” an “absence of consequences,” and “sexual perversion” similar to Combs. He had stated he was “willing to bet a good sum of money” that Olubi was a drug addict. <br />
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Olubi’s lawyers have labelled these claims as “untrue, unsubstantiated, and malicious,” intended to portray their client as a “dangerous social misfit.”<br />
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While Olubi had served as Paystack’s CTO for years, his time at the fintech giant ended in November 2025 following the resurfacing of old social media posts and allegations of misconduct. Shortly after, the company terminated his contract.<br />
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The developments placed Olubi under intense public scrutiny, creating the backdrop for the current legal dispute with Hundeyin.<br />
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While Olubi maintained that his termination “flouted due process” and was unfair, reports at the time suggested the exit followed internal investigations into allegations of misconduct. Hundeyin’s tweets appeared at the height of this corporate scandal.<br />
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The pre-action letter gives Hundeyin seven days to permanently delete the defamatory posts, publish a full retraction and a public apology, pledge in writing never to publish defamatory statements about Olubi again, and pay the ₦140 million in compensation.<br />
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If these demands aren’t met, Olubi has vowed to escalate the matter to the Lagos State High Court.<br />
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Victoria Fakiya – Senior Writer<br />
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