Cyber Blackmail Hits Nigeria’s Titans: Hackers Breach Phones of Dangote and Otedola, Demand Ransom

In a major escalation of cybercrime in Africa, the mobile phones of two of Nigeria’s most influential businessmen, Aliko Dangote and Femi Otedola, have reportedly been hacked by cybercriminals who are now demanding a ransom. The incident marks one of the most high-profile cybersecurity breaches in Nigeria’s history and raises urgent concerns about digital security among corporate leaders.

Sources close to both men confirmed that their devices were compromised in a coordinated attack that unfolded over the past week. Dangote, Africa’s richest man and Chairman of the Dangote Group, reportedly had his phone breached twice within 48 hours, suggesting a persistent and highly targeted intrusion. Otedola, Chairman of First HoldCo Plc, also fell victim to the attack, reinforcing fears that the hackers specifically targeted billionaires with vast networks and sensitive information.

Although the exact data accessed has not been disclosed, mobile devices belonging to business leaders often contain confidential corporate documents, strategic communications, financial information, and private conversations. Any unauthorized access poses significant risks not just to the individuals but also to their companies and associated partners.

Insiders have confirmed that the hackers are demanding money from both Dangote and Otedola in what appears to be a classic ransomware-style blackmail attempt. It remains unclear whether either businessman has regained full control of his device or if negotiations with the attackers are underway. Security experts warn that paying ransomware demands often fuels additional crime by encouraging attackers to target more victims.

This breach is a wake-up call for corporate Nigeria, highlighting the vulnerability of high-level executives and the growing sophistication of cybercriminal networks. The attack raises critical issues about executive mobile security, the exposure of corporate data through personal devices, and Nigeria’s broader resilience to digital threats. Analysts say the incident underscored the need for stronger cybersecurity frameworks across both public and private sectors.

The simultaneous targeting of Dangote and Otedola—longtime business allies who frequently support each other’s ventures—suggests the attackers may have conducted extensive surveillance or intelligence gathering before launching the breach. As investigations continue, the business and tech communities are closely monitoring how the situation develops and what implications it may have for cybersecurity standards in Africa.