EXCLUSIVE: Ex-Moniepoint executive sues unicorn over stock options worth nearly $1M
- Damilola Ajiboye filed a lawsuit against Moniepoint for being denied stock options.
- Ajiboye claims he was promised stock options worth $889,600 during his five-year tenure.
- The lawsuit raises concerns about Moniepoint's workplace culture, alleging intimidation and underpayment.
The situation raises critical questions about corporate governance and employee treatment in the tech industry, particularly in high-stakes environments like fintech. It underscores the importance of transparency and accountability in employee agreements, especially regarding stock options, which are often seen as key incentives for talent retention. This case could set a precedent for how similar disputes are handled in the future.
