Geregu Settles Bond Obligations, Yari Reassures Investors

By Babangida Abdullahi Gusau

Geregu Power Plc has settled its outstanding bond obligations in full, with the company’s Chairman, Senator Abdul’aziz Abubakar Yari, assuring investors and other stakeholders of the board’s commitment to meeting its financial obligations.

The company said the payment was effected in full on August 19, 2026, describing the development as an important step towards strengthening investor confidence and preserving shareholder value.

Speaking on the settlement, Yari, Marafan Sokoto, said the board remained committed to meeting the company’s obligations to bondholders and trustees.

“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,” he said.

Yari assured bondholders and shareholders that the board would continue to take necessary measures to protect their interests while maintaining high standards of corporate governance.

The company also disclosed that it was working with relevant parties to resolve legacy administrative matters that predated the current board.

It said the issues would not affect its capacity to meet its bond obligations.

The Geregu chairman further reaffirmed the board’s support for the Federal Government’s Renewed Hope Agenda, particularly efforts to transform the power sector.

He said the company would continue to contribute to Nigeria’s power sector through reliable power generation.

Geregu Power said it would provide formal confirmation of the settlement upon completion of the payment process and continue to keep bondholders, trustees and other stakeholders informed of material developments.

The company added that it remained focused on sustainable and efficient power generation as part of its contribution to Nigeria’s economic growth and development.