Place the olive oil in a skillet over medium high heat.
Season the chicken with the garlic powder, onion powder, paprika and salt and pepper to taste.
Sear the chicken until cooked through and browned on both sides.
Reduce the heat to low, and pour out the excess grease.
Stir together the mayonnaise, sweet chili sauce, sriracha, sugar free honey and salt and pepper to taste in a bowl.
Pour the bang bang sauce into the skillet, return the chicken, and toss to coat in the sauce before serving.