By: John Bassey, Gusau.
The former Governor of Zamfara state and the Senator representing Zamfara West Senitorial District, Dr. Abdul’aziz Abubakar Yari who is also the Chairman, Geregu Power PLC has assured investors and stakeholders of the company on the Board’s determination to uphold it’s financial commitment as the company settled its outstanding bond obligations in full.
The development marked a significant step in the company’s continued efforts to strengthen investors’ confidence, preserve shareholders’ value and maintain high standards of corporate governance.
Geregu Power confirmed that payment of its outstanding bond obligations was effected in full on August 19, 2026.
Speaking on the development, Senator Abdul’aziz Abubakar Yari, Marafan Sokoto, said the Board was committed to ensuring that the company meets its 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.
Senator Yari assured stakeholders that the Board would continue to take all necessary measures to protect the interests of bondholders and shareholders.
The company also said it was working constructively with relevant parties to resolve legacy administrative matters that predated the current Board, noting that the process would not affect its capacity to meet its bond obligations.
The Geregu chairman further reaffirmed the Board’s support for the transformation of Nigeria’s power sector under the Federal Government’s Renewed Hope Agenda.
He said the company would continue to play a significant role in supporting the nation’s power sector through reliable power generation.
Geregu Power said it would issue formal confirmation of settlement upon completion of the payment process and continue to provide bondholders, trustees and other stakeholders with updates on any tangible developments.
The company remains focused on delivering sustainable and efficient power generation as part of its contribution to Nigeria’s economic growth and development.
