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Geregu bond crisis: Yari digs into pocket to protect investors
The Chairman of the Board of Directors of Geregu Power Plc, Senator Abdul’aziz Yari, has pledged to personally provide the funds required to settle the company’s immediate outstanding bond obligation, in a move aimed at shielding bondholders and preserving confidence in the power firm.
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thisdaylive.com
Yari to Personally Settle Geregu’s Outstanding Bond Obligation
The obligation arose from Geregu Power’s N40.09 billion Series 1 Senior Unsecured Bond issued in July 2022, more than three years before the current ownership and board assumed…
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Yari Personally Settles Geregu’s Outstanding Bond Obligation
The obligation arose from Geregu Power’s N40.09 billion Series 1 Senior Unsecured Bond issued in July 2022, more than three years before the current ownership and board assumed…
