Senator Abdulaziz Yari, Chairman of Geregu Power Plc, has blamed the company's N40 billion bond default on former majority owner Femi Otedola and former CEO Akin Akinfemiwa. He assured investors that the issues are being addressed. Corporate lawyer Faruk Yusuf alleged that the escrow fund meant for repayment was utilized before the ownership change, leaving a disappointing legacy.
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