Billionaire businessman, Femi Otedola has relinquished his controlling interest in Geregu Power Plc in a landmark transaction valued at about ₦1.088 trillion, paving the way for a major ownership and boardroom overhaul at the power generation company. The Nigerian Exchange Limited, (NGX), disclosed that the deal, financed by a consortium of banks led by Zenith Bank Plc, followed a restructuring of ownership at Amperion Power Distribution Company Ltd. after a share sale and acquisition concluded on December 29, 2025. According to the NGX, MA’AM Energy Limited has acquired a 95…
Read More₦1tr Geregu Power deal: Otedola sells ownership to A’Aziz Yari’s Zenith Bank-led consortium
