Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management

Oluchi Chibuzor The recent corporate debt default by Geregu Power Plc has raised concerns as to how the proceeds of the N40 billion series 1 senior unsecured bond was used.

The Briefing Africa

August 17, 2026 · 02:03 · 5 min read

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Oluchi Chibuzor The recent corporate debt default by Geregu Power Plc has raised concerns as to how the proceeds of the N40 billion series 1 senior unsecured bond was used.

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Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management