Geometric Power Plant speaks on Abia govt’s equity stake
The management of the Geometric Power Plant has confirmed the percentage of equity stake purchased by the Abia State Government in the company’s power plant in Aba.
Controversy
There was speculation that the Abia State Government contributed a five per cent equity stake in the power plant during the administration of Okezie Ikpeazu who served as the governor of the state from 2015 to 2023.
Data from the Abia State Accountant General’s 2022 financial report indicated that the state government invested N1.41…