Geregu Power Names Acting CEO Amid N40.09 Billion Bond Default

• Fails to renew term for erstwhile head appointed in January Emmanuel Addeh in Abuja Geregu Power Plc has appointed Mohammed Jaoji as its Acting Chief Executive Officer, effective August

thisdaylive.com ·4h ago

Geregu Power Plc has appointed Mohammed Jaoji as its Acting Chief Executive Officer (CEO) effective August 17, 2026, amid a default on its N40.09 billion Series 1 Senior Unsecured Bond. Jaoji succeeds Sean Manley, whose tenure as Interim CEO ended on August 14, 2026, after the company decided not to renew his appointment. The leadership change comes as the power generation company faces financial pressure and liquidity constraints in the electricity market.

Jaoji brings over three decades of experience in Nigeria's power sector and has held various leadership positions at the defunct National Electric Power Authority (NEPA) and Geregu Power.

Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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