The Senate, through its Committee on Capital Market has resolved to summon Lafarge Africa Plc over planned divestment of 83.8% majority shares it controls in the cement industry.This is as the Bureau of Public Enterprises (BPE), assured the Senate that the 16.19% share held by the Nigerian public in Lafarge, is intact.

Galaxy Television reports that the Committee had before summoning Lafarge Africa in line with resolution of the Senate on March 27, 2025, had interactive session with management of Securities and Exchange Commission (SEC), Bureau of Public Enterprises (BPE) and Federal Competition and Consumer Protection Commission (FCCPC) on alleged planned sale of Lafarge Africa Plc to Chinese Investors .

In his submission before the committee, the Director General of SEC Emmanuel Agama represented by Director, Securities and Investment Services, Abdulkafir Abbas, said SEC has not received any formal filling regarding the proposed divestment of majority shareholding in Lafarge Africa Plc. Representative of the Bureau of Public Enterprises, Satura Aisha Bello, in her capacity as Director, Post Transaction, told the committee that the Share Lafarge Africa Plc wants to divest, belong to the company and not the 16.19% share hold by Nigerians. However, the Committee chaired by Senator Osita Izunaso (APC Imo West), resolved to summon Lafarge Africa Plc on the planned majority shareholding divestment.  It also directed its clerk to write the Corporate Affairs Commission (CAC) on what memo and Lafarge article say in terms of divesting shareholding.