Otedola Reveals Sharing Bunk Bed With Hamzat 49 Years Ago

Chairman of First HoldCo Plc, Femi Otedola, has revealed that he shared a bunk mattress with Lagos State Deputy Governor Obafemi Hamzat throughout their boarding college days 49 years in the past.(*49*)

Otedola disclosed this in a submit on X after internet hosting a dinner in honour of his longtime schoolmate, which was attended by Aliko Dangote, president of the Dangote Group, and Abdulsamad Rabiu, chairman of BUA Group.

The enterprise tycoon described Hamzat as a person of integrity whose character has been outlined by honesty, sincerity, equity and robust ethical rules.

“Yesterday, I hosted dinner in honour of @DrObafemiHamzat, the incoming Governor of Lagos State,” Otedola mentioned.

“A man of the highest integrity, with whom I shared a bunk bed at boarding school 49 years ago,” he added.

Otedola mentioned his longstanding relationship with Hamzat had 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,” he mentioned.

However, Otedola didn’t disclose the identify of the boarding college they attended collectively.

The billionaire investor has pursuits in monetary companies and oil and fuel. He holds about 27.7 per cent of First HoldCo’s shares, following months of steadily rising his stake within the banking group.

Hamzat is looking for to contest the 2027 Lagos State governorship election on the platform of the All Progressives Congress (APC). He has served as deputy governor below Governor Babajide Sanwo-Olu since 2019.

He emerged because the APC governorship candidate in May 2026.

Before changing into deputy governor, Hamzat served as Lagos State Commissioner for Science and Technology and later as Commissioner for Works and Infrastructure from 2005 to 2015.