•NERC sacks Kaduna Disco board over N456.5bn debt
•Says Disco owes NBET N415.5bn, NISO N41bn
Emmanuel Addeh in Abuja
Geregu Power Plc has missed a scheduled payment on its N40.09 billion bond obligations, heightening investor concerns over the financial position of the power Generation Company (Genco), less than a year after the change of leadership at the organisation.
Specifically, the default, disclosed in an updated listing status by FMDQ Securities Exchange, comes about eight months after billionaire businessman, Femi Otedola, exited the company in a landmark $750 million transaction that transferred his controlling interest to MA’AM Energy Limited in December 2025.
