Geregu Power Moves to Calm Investors Over Bond Repayment Concerns

Geregu Power Plc has moved to reassure shareholders and investors over concerns surrounding its bond repayment obligations, saying it is engaging relevant stakeholders and advisers to resolve outstanding challenges.

In a statement dated August 12, 2026, the power generation company responded to recent online reports questioning its ability to meet obligations associated with its bond financing.

Geregu said its current Board and Management have carried out a comprehensive review and reconciliation of the company’s financial and operational affairs since assuming responsibility for the business.

The exercise covers transactions, liabilities, financing arrangements, operational commitments, financial obligations and related corporate documentation.

According to the company, the review is intended to strengthen transparency, ensure the accuracy of its financial position and support prudent financial management.

While Geregu did not disclose the value of the affected bond obligation, the repayment timeline or the specific issues being negotiated, it acknowledged concerns raised by shareholders, other stakeholders and regulators.

The company said discussions with relevant parties and advisers are ongoing as it seeks an orderly resolution that protects the interests of stakeholders.

“Discussions and engagements are ongoing, and the Company will continue to act in good faith in fulfilling its responsibilities,” Geregu said.

The electricity producer also sought to reassure the market about its core operations, saying it remains committed to generating electricity for consumers despite the issues surrounding its financial obligations.

Geregu added that its Board and Management remain committed to responsible corporate governance and transparency and would disclose material developments to the market in line with regulatory requirements.

The company’s statement comes as investors assess the potential implications of its bond obligations for its financial position, cash flows and future operations.

Geregu Power is listed on the Nigerian Exchange Limited, making developments surrounding its financing obligations particularly important to shareholders and other capital-market participants.