Paystack co-founder Ezra Olubi has issued a pre-action legal notice demanding ₦140 million in damages from investigative journalist David Hundeyin over alleged defamatory statements made on social media platform X.
The notice, dated January 26, 2026, was served by the law firm Templars on behalf of Olubi. It accuses Hundeyin of publishing false, malicious, and defamatory content in a series of posts shared in December 2025. According to the letter, the statements caused serious reputational harm and emotional distress.
Hundeyin reportedly described Olubi using derogatory terms, including:
“a lame, insecure social misfit”
“a man with a god complex.”
The journalist also compared Olubi to embattled U.S. music mogul Sean “Diddy” Combs in relation to alleged abuses and issued warnings about potential threats to critics, referencing an individual named Amaka Odel.
Olubi’s legal team has outlined specific demands, including the permanent deletion of the posts, a written undertaking not to publish further defamatory statements, and a public retraction and apology with equal prominence to the original posts. The letter also demands payment of ₦140 million as compensation for damages.
The notice gives Hundeyin seven days to comply, in line with the Lagos State High Court Pre-Action Protocol. Failure to meet the conditions, the lawyers warned, would result in formal legal proceedings.
The dispute follows Ezra Olubi and his departure from Paystack in late 2025, which came amid internal investigations into separate allegations of misconduct.
In response, Hundeyin shared the legal notice on his X account with a defiant message, stating:
“go fvck yourselves.”
As of the time of reporting, no retraction has been issued, and the compliance window is expected to expire in early February.
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