Geregu Power Appoints Former Zamfara Governor Abdulaziz Yari as Chairman Following Femi Otedola’s Exit and N1.08 Trillion Stake Sale

Geregu Power Plc has appointed former Zamfara State governor and senator, Abdulaziz Yari, as chairman following billionaire investor Femi Otedola’s resignation. The board changes were approved during a Monday meeting after Otedola sold his majority stake in the company for N1.08 trillion to MA’AM Energy Ltd. Several new non-executive and independent directors were also appointed, including Abdulkadeer Njiddah, Usman Mohammed, Mohammed Jaafaru, Neka Adogu, and legal expert Mahmud Magaji. The appointments reflect a major restructuring of Geregu Power’s leadership, as the company seeks to leverage the experience of seasoned professionals in finance, operations, and governance, while Otedola retains a minority stake.