TheCable quoting sources in the camps of both men disclosed
that their phones were compromised over the past week.

While Otedola’s phone was hacked once, the mobile device of
Africa’s richest man was hacked twice in two days.

Although it is not immediately clear if they have both
regained access to their phones, it is understood that the hackers have made
financial demands.

“The hackers are asking for money from both men,” an insider
disclosed

Dangote and Otedola have a longstanding friendship, with
both men often describing each other as “brothers”.

Otedola was in attendance when Dangote recently announced
the plan to expand his refinery’s capacity from 650,000 to 1.4 million barrels
per day.

Describing Dangote as “Africa’s pride”,  Otedola had said his friend’s legacy
investments will define generations.

“Aliko’s relentless commitment to investing in Nigeria and
Africa will outlive him as these are legacy investments that will define
generations,” he had 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 best-selling book ‘Making It Big’,
recently expanded his stake in First HoldCo Plc with the acquisition of 64.87
million shares valued at N2.01 billion.