Former Geregu Power Plc Chairman Femi Otedola met with the company's new Chairman, Senator Abdulaziz Yari, in Monaco, amid ongoing concerns over the Securities and Exchange Commission's silence regarding the company's N40 billion bond default. The meeting occurred days after Yari personally provided about N6 billion to settle the company's outstanding bond obligation. Otedola shared photos of the meeting on Instagram, congratulating Yari on his appointment as Director General of the Presidential Campaign. The meeting has raised questions about the SEC's role in the bond default crisis, and Geregu has stated it is not bankrupt, with Otedola expected to account for every kobo.
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