Femi Otedola, the chairman of First HoldCo Plc, has revealed that he shared a bunk bed with Lagos State Deputy Governor (*49*) Hamzat throughout their boarding college days 49 years ago.
Mr Otedola disclosed this in a put up on X after internet hosting a dinner in honour of his longtime schoolmate, Mr Hamzat, attended by Aliko Dangote, the president of Dangote Group, and Abdulsamad Rabiu, the chairman of BUA Group.
The enterprise tycoon stated Mr Hamzat’s character has been outlined over the years by honesty, sincerity, equity, and robust ethical rules.
“Yesterday, I hosted dinner in honour of @DrObafemiHamzat, the incoming Governor of Lagos State,” Mr Otedola stated.
“A man of the highest integrity, with whom I shared a bunk bed at boarding school 49 years ago,” he added.
Mr Otedola said that his longstanding relationship with Mr Hamzat has given him perception into the deputy governor’s character and values.
“My experience of his character over the years has been defined by his honesty, sincerity, fairness and strong moral principles,” Mr Otedola stated.
He, nonetheless, didn’t disclose the title of the boarding college he attended with the Lagos State deputy governor.
The billionaire investor has pursuits in monetary companies and oil & fuel. He holds about 27.7 per cent of First HoldCo’s shares, following months of steadily rising his stake within the banking group.
Mr Hamzat is looking for to contest the 2027 governorship election in Lagos State on the platform of the All Progressives Congress (APC), and has served as deputy governor below incumbent Governor Babajide Sanwo-Olu since 2019.
He emerged because the APC governorship candidate in May 2026.
Mr Hamzat served as Lagos State Commissioner for Science and Technology and later as Commissioner for Works and Infrastructure from 2005 to 2015.
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