In a significant development for Geregu Power Plc, the company has confirmed that it fully settled its outstanding bond obligations on August 19, 2026. Senator Abdul’aziz Yari Abubakar, the Chairman of the company, made this announcement, assuring investors and stakeholders of the board's unwavering commitment to fulfilling its financial responsibilities.

Yari emphasized that the board is dedicated to maintaining high standards of corporate governance and strengthening investor confidence. "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 stated. This assurance is expected to bolster shareholder value and enhance trust among investors.

The company is also addressing legacy administrative issues that predate the current board, but Yari assured that these matters would not hinder its ability to meet bond obligations. He reiterated the board's commitment to protecting the interests of bondholders and shareholders while continuing to support the transformation of Nigeria’s power sector under the Federal Government’s Renewed Hope Agenda.

Geregu Power Plc is focused on providing reliable electricity generation and contributing to Nigeria's economic growth. The company plans to keep bondholders and trustees informed about material developments and will issue formal confirmation of the bond settlement upon the completion of the payment process.

As Geregu Power continues to navigate the complexities of the energy sector, its commitment to sustainable and efficient power generation remains a priority, ensuring its role in the nation’s economic landscape is both significant and impactful.