Yari to Fund Geregu Power's Bond Obligation Personally

Senator Abdul’aziz Abubakar Yari, the Chairman of the Board of Directors of Geregu Power Plc, announced plans to personally provide funds to settle the company's immediate outstanding bond obligation. This decision is intended to protect bondholders and restore investor confidence.

Yari clarified that the bond arrangements were established under the previous ownership and management before the current board took over. His intervention is motivated by the need to safeguard the interests of bondholders, shareholders, and the company itself while discussions with former owners continue for a lasting resolution.

Yari emphasized that his personal funding should not be seen as an admission of liability or responsibility by the current board. He remains actively engaged with stakeholders to understand the situation and determine appropriate steps for resolution.

Yari stressed the importance of maintaining investor confidence, warning that unresolved financial disputes could undermine the company's credibility and stability.