The certificate of transfer was presented by the Director General of the BPE, Ms. Bolanle Onagoruwa, to Engineer Joseph Makoju, A Special Adviser to Alhaji Aliko Dangote. Onagoruwa said the privatisation of the cement company is purposed to ensure the greater development of the cement industry in the West African sub-region and promised that the BPE in collaboration with its Beninoise counterpart will offer all statutory assistance to make the new owners succeed.
According to her, "we owe that as a duty to our people whose mandate we have discharged by selling our equities in the company to them."