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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Legal»Paystack co-founder Ezra Olubi serves ₦140 million defamation claim notice to David Hundeyin
    Ezra Olubi

    Paystack co-founder Ezra Olubi serves ₦140 million defamation claim notice to David Hundeyin

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    By Tapiwa Matthew Mutisi on January 28, 2026 Legal, News

    The Nigerian tech and media landscapes have been jolted by a legal confrontation between two high-profile figures. On January 26, 2026, Ezra Olubi, the former CTO and co-founder of the fintech unicorn Paystack, initiated legal proceedings against renowned investigative journalist David Hundeyin following a series of inflammatory social media posts.

    The legal dispute centers on a string of tweets published by Hundeyin in December 2025. These posts, which reached an audience of millions, drew a direct and controversial comparison between Olubi and the embattled American mogul Sean “Diddy” Combs.

    Specifically, the pre-action notice highlights several key accusations made by Hundeyin:

    • Behavioral Parallels: Claiming Olubi possessed a “God complex” and an “absence of consequences.”
    • Moral Character: Alleging “sexual perversion” akin to the Combs case.
    • Substance Abuse: Stating a willingness to “bet a good sum of money” that Olubi was a drug addict.

    Olubi’s legal counsel has characterized these statements as “untrue, unsubstantiated, and malicious,” arguing they were strategically designed to paint the tech founder as a “dangerous social misfit.”

    Background: A Turbulent Exit from Paystack

    The timing of these tweets is critical. In November 2025, just one month prior to Hundeyin’s posts, Olubi’s tenure at Paystack ended abruptly. His termination followed a wave of public scrutiny involving the resurfacing of old social media content and internal allegations of misconduct.

    PerspectiveContext
    Ezra OlubiMaintains his termination “flouted due process” and was inherently unfair.
    Corporate ReportsSuggest the exit was the result of internal investigations into misconduct.
    David HundeyinHis commentary surfaced at the height of this corporate and public relations crisis.

    The Legal Demands

    Olubi’s legal team has issued a strictly timed ultimatum. Hundeyin has seven days to comply with the following demands:

    1. Deletion: Permanently remove all defamatory posts from his social media platforms.
    2. Retraction & Apology: Publish a full, public retraction and a formal apology.
    3. Future Conduct: Provide a written pledge to cease all defamatory statements regarding Olubi.
    4. Financial Restitution: Pay ₦140 million ($100,000) in damages for the harm caused to Olubi’s reputation.

    Failure to meet these terms will result in a formal lawsuit filed at the Lagos State High Court.

    True to his reputation for unfiltered commentary, David Hundeyin has not yielded. Upon receiving the notice, he shared the document publicly on social media, accompanied by a dismissive and expletive-laden response. He specifically mocked the ₦140 million valuation of the damages, suggesting a protracted legal battle lies ahead.

    This case is the latest in a series of high-stakes defamation battles within Nigeria’s digital ecosystem. The intersection of viral social media commentary and personal reputation is increasingly being tested in court:

    Notable Precedent: In early January 2026, human rights lawyer Femi Falana was awarded $25,000 in a successful suit against Meta, following the spread of a defamatory video on its platforms.

    The Olubi vs. Hundeyin case serves as a significant litmus test for how Nigerian courts will balance the rights of journalists against the reputational protections of public figures in the age of viral “call-out” culture.

    Why Paystack fired co-founder Ezra Olubi

    Related

    Africa David Hundeyin Defamation Defamation Claim Ezra Olubi Legal Case Legal Dispute Paystack tweets
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 6,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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