Femi Otedola Sells Geregu Power Stake for Over N1 Trillion

Nigerian billionaire Femi Otedola has sold a significant stake in Geregu Power Plc (NGX: GEREGU) for over N1 trillion to MA Energy Ltd, transferring control of the entity. The deal, led by a financial consortium bank, closed on December 29, 2025.

Otedola plans to retain a minor interest in Geregu while expanding investments in Nigeria's banking sector. Otedola, known for his ventures in the oil and power sectors, has made strategic moves to optimize his investments over the years.