Dangote and Otedola Targeted: Cyberattackers Demand Ransom After Phone Hacks
Recent reports indicate a significant cyber security breach affecting two of Nigeria’s most prominent business figures: Aliko Dangote, the CEO of Dangote Group, and Femi Otedola, Chairman of First HoldCo Plc. Within the past week, the mobile phones of both men were reportedly compromised. Dangote’s device was reportedly breached twice within two days, while Otedola’s phone was accessed on a single occasion. The hackers are now demanding financial compensation for the intrusion.
High-Profile Cybercrime: Risks for African Leaders
The details of the attacks remain under investigation, however, sources confirm that the perpetrators have issued demands for money. The exact methods used to gain access to the phones are currently unknown, as is the extent to which Dangote and Otedola have regained full control of their devices. This incident arrives at a time of significant business activity for both individuals. Dangote is overseeing the expansion of his refinery, aiming for a production capacity of 1.4 million barrels per day. Meanwhile, Otedola has been actively increasing his stake in First HoldCo Plc, recently acquiring 64.87 million shares valued at N2.01 billion. The attack serves as a stark reminder of the escalating cybercrime risks faced by high-profile individuals across Africa and underscores the need for enhanced digital security measures. The close relationship between Dangote and Otedola, who often refer to each other as “brothers,” has also brought extra attention to the breach, which further highlights the vulnerability of the business and political elite to cyber threats.
The incident underscores the urgent need for individuals and organizations to implement robust security protocols to protect sensitive information from falling into the wrong hands. Further information is awaited on how the situation will unfold.
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