Nigerian politician Abdulaziz Yari's Geregu Power defaults on bond after $750 million takeover
Billionaires Africa | 09.08.2026 22:24
Geregu Power Plc has defaulted on the ₦40.09 billion bond it issued four years ago, missing both a coupon payment and a scheduled principal repayment eight months after Senator Abdulaziz Yari's MA'AM Energy Limited bought control of the company in a $750 million debt-financed takeover.
