Otedola Exits Geregu Power In $750m Deal, Shifts Focus Ahead
January 2, 2026
6:10 am
Deal values Geregu Power at $750 million as Nigerian billionaire Otedola reallocates capital toward banking and broader financial services investments growth.
Nigerian billionaire Femi Otedola has sold his controlling interest in Geregu Power Plc in a deal valued at about $750 million, marking a major shift away from the power sector as he prepares to deploy fresh capital into financial services.
The transaction ends Otedola’s long-running involvement in Geregu Power, one of Nigeria’s largest electricity generation companies, and underscores his growing focus on banking and related investments. A source with direct knowledge of the deal confirmed the valuation.
Otedola, who …
