Tag: Otedola

The mobile phones of Aliko Dangote, CEO of Dangote Group, and Femi Otedola, chairman of First HoldCo Plc, have reportedly been hacked, TheCable can report. Sources close to both businessmen revealed that their devices were compromised over the past week. While Otedola’s phone was hacked once, Dangote’s device was reportedly breached twice within two days. It remains unclear whether both men have fully regained access to their phones, but insiders said the hackers have demanded money. “The hackers are asking for money from both men,” an insider told TheCable. Dangote and Otedola, who share a close friendship and often refer to each other as “brothers,” have been involved in various business engagements. Otedola attended the announcement of Dangote’s plan to expand his refinery’s capacity from 650,000 to 1.4 million barrels per day. Describing Dangote as “Africa’s pride,” Otedola praised his friend’s long-term investments. “Aliko’s relentless commitment to investing in Nigeria and Africa will outlive him, as these are legacy investments that will define generations,” he said. “Soon, Nigerians will own part of this refinery, a powerful reminder that this vision is not just for Dangote, but for all Nigerians and Africans.” Otedola, author of the bestselling book Making It Big, recently boosted his stake in First HoldCo Plc, acquiring 64.87 million shares valued at N2.01 billion.