Geregu Power: Yari assures investors of financial commitments

Senator Abdul’aziz Yari Abubakar, Chairman of Geregu Power Plc, has reassured investors and stakeholders of the board's unwavering commitment to fulfilling the company's financial obligations, particularly concerning its outstanding bond. Yari stated that the board is determined to uphold its commitments to bondholders and trustees, emphasizing this as a significant step in bolstering investor confidence and maintaining high corporate governance standards.

Geregu Power Plc officially confirmed that all its outstanding bond obligations were fully settled on August 19, 2026. "Our Board is fully committed to meeting Geregu’s financial obligations to its bondholders and trustees. I am pleased to confirm that payment has just been effected in line with our obligations," Yari said in a statement. He further assured stakeholders that the board would continue implementing necessary measures to safeguard the interests of both bondholders and shareholders.

The company also disclosed ongoing constructive engagement with relevant parties to resolve administrative matters that predated the current board's tenure. Geregu Power stressed that these legacy issues would not impede its capacity to meet its bond obligations. Looking ahead, Yari reaffirmed the board's support for the Federal Government's "Renewed Hope Agenda" for transforming Nigeria's power sector. Geregu Power intends to remain a key player by ensuring reliable electricity generation, contributing to Nigeria's economic growth and development through sustainable and efficient power generation.

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Our Board is fully committed to meeting Geregu’s financial obligations to its bondholders and trustees. I am pleased to confirm that payment has just been effected in line with our obligations.