Revealed! Court finally gives order in ongoing legal battle over Lafarge Africa

• A Federal High Court ordered each parties successful the ongoing ineligible conflict implicit Lafarge Africa's merchantability to Huaxin Cement Ltd to support the presumption quo
• Strategic Consultancy Ltd. is contesting the merchantability portion Lafarge's ineligible squad has filed an entreaty against the court's jurisdictional decision
• Justice Allagoa upheld the presumption quo to support the case's taxable matter, with the lawsuit adjourned to October 9, 2025.

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

In the ongoing ineligible conflict implicit the merchantability of Lafarge Africa Plc to the Chinese institution Huaxin Cement Ltd, a Federal High Court successful Lagos has ordered each parties to support the presumption quo portion an entreaty is being heard.

A Federal High Court successful Lagos has ordered each parties to support the presumption quo portion an entreaty is being heard. Photo Credit: Contributor
Source: UGC

After Lafarge Africa filed a announcement of entreaty contesting the court's erstwhile decision, which rejected its objection to the court's jurisdiction, Justice Lewis Allagoa issued the directive connected Wednesday.

Strategic Consultancy Ltd., a Nigerian business that owns banal successful Lafarge Africa, filed the suit successful an effort to halt the Holcim Group, a Swiss multinational and Lafarge's genitor company, from selling what it called a "surreptitious" 83.81 percent of Lafarge's bulk shareholding.

The Companies and Allied Matters Act (CAMA) 2020, the Securities and Exchange Commission Act, and the Nigeria Investment Promotion Commission (NIPC) Act are among the firm and concern laws that Strategic Consultancy is requesting the tribunal to regularisation on, peculiarly with respect to number shareholders and overseas entities that are not registered successful Nigeria.

Mr. Babatunde Fagbohunlu, SAN, Lafarge Africa's attorney, told the tribunal during Wednesday's hearings that an entreaty had already been lodged against the jurisdictional decision.

Along with an entreaty for a enactment of proceedings, helium besides revealed that the Court of Appeal had received the proceedings records. He asked the tribunal to hold for the entreaty tribunal to marque a determination connected the jurisdictional question earlier moving guardant with the substantive matter.

Speaking arsenic well, Mene Josiah, the 2nd defendant's attorney, acknowledged that helium had submitted a comparable announcement of appeal. He echoed the request for a enactment of proceedings, stating that it was indispensable to safeguard the interests of each parties and debar prejudice.

Justice Allagoa upheld the preservation of the suit's taxable substance and ordered each parties to support the presumption quo. Photo Credit: Lafarge
Source: UGC

D.A. Awosika, SAN, Strategic Consultancy's attorney, contended that his lawsuit had not received immoderate announcement of appeal. He further argued that a announcement of entreaty does not automatically relation arsenic a enactment of proceedings nether Order 11, Rule 4(1)(2) of the Federal High Court Rules.

According to Awosika, Lafarge's entreaty simply concerns the suit's procedural aspects and has nary bearing connected the cardinal issues of the substantive case.

To guarantee that nary of the parties oregon imaginable interveners instrumentality immoderate enactment that could jeopardize the case, helium requested the tribunal to contented a presumption quo bid successful summation to immoderate enactment it mightiness see granting.

In a succinct decision, Vanguard reported that Justice Allagoa upheld the preservation of the suit's taxable substance and ordered each parties to support the presumption quo.

His words,

“In presumption of the Notice of Appeal, arguments by parties connected some sides, and due to the fact that of the request to support the taxable substance successful this case, I hereby bid that the presumption quo beryllium maintained.”

The lawsuit was subsequently adjourned to October 9, 2025.

Senate tells FG to halt income of Lafarge

Legit.ng reported that the Senate called connected the national authorities to instantly halt the projected sale of Lafarge Cement to a Chinese capitalist done the Bureau of Public Procurement.

According to the Senate, the telephone is required to warrant that Nigeria's economical sovereignty and nationalist information are protected during the divestment process.

In Nigeria, the cement institution runs 3 plants: Ashaka successful Gombe State, Mfamosing successful Calabar, Cross River State, and Ewekoro successful Ogun State, The Nation reported.

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Source: Legit.ng