Hackers Target CEOs Aliko Dangote and Femi Otedola: Demands Made for Ransom

In a concerning development, hackers have reportedly compromised the mobile phones of prominent figures in Africa, including CEO Aliko Dangote of Dangote Group and businessman Femi Otedola, Chairman of First HoldCo Plc. The attack, which occurred within the past week according to TheCable, saw both men’s phones breached with Dangote experiencing two breaches in just two days, while Otedola’s phone was accessed once. Sources indicate that the hackers have made financial demands, but it remains unclear if they have fully regained control of their devices. This incident occurs amid major developments for these individuals: Dangote is undertaking a multibillion-dollar expansion to increase capacity at his refinery to 1.4 million barrels per day, while Otedola increased his stake in First HoldCo Plc by acquiring 64.87 million shares worth N2.01 billion. The attacks highlight the increasing risk of cybercrime for high-profile African figures as their personal and business information becomes increasingly vulnerable.