His name was used in a speech by Egyptian President Gamal Nasser as the codeword to order the raiding of the Suez Canal Company's offices on 26 July 1956, the first step to its nationalization. In the course of the raid and seizure of the canal by Nasser, the statue of de Lesseps at the entrance of the Suez Canal was removed from its pedestal, to symbolize the end of European ownership of the waterway. The statue now stands in a small garden of the Port Fouad shipyard.