Sen Abdulaziz Yari Appointed Chairman of Geregu Power Following Otedola's Resignation
[NigerianEye - Nigeria] - 30/12/2025
Senator Abdulaziz Yari, a former governor of Zamfara State, has been named the new chairman of the board of directors at Geregu Power Plc.The appointment comes immediately after billionaire businessman Femi Otedola resigned as chairman, coinciding with his divestment of controlling interest in the company. Otedola sold his 95% stake in Amperion Power Distribution Company Limited , Geregu Power's majority shareholder to MA’AM Energy Limited in a transaction valued at approximately $750 million (about N1.08 trillion).The deal, completed on December 29, 2025, transfers indirect control of (…)
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