(VOICE OF NAIJA)- Oceangate Engineering Oil & Gas Limited has announced plans to appeal the recent ruling of the Federal High Court ordering the forfeiture of certain assets.
The Company Secretary, Barr. Nnenna Onyeaso, disclosed this in a statement issued on Thursday, insisting that neither the company nor its leadership was found guilty of any wrongdoing.
Onyeaso stated that the firm described the court’s decision as a civil asset forfeiture order based on suspicion rather than proof, stressing that the judgment did not establish any criminal liability against the organisation.
According to her, the company has already directed its legal team to file an appeal, expressing confidence in the judicial process and in a favourable outcome following a thorough review of the case.
“To be clear, this ruling is a civil asset forfeiture order with no finding of wrongdoing against Oceangate or its leadership.
“The court’s decision rested on a legal standard of suspicion, not proof, and it is one we intend to pursue fully through the appeals process,” she said.
The company secretary further stated that Oceangate has reiterated its belief in the rule of law, noting that the appellate system exists to address such outcomes.
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She added that the company remains confident that the facts of the case will ultimately affirm its integrity and business practices.
Onyeaso also emphasised that the firm’s operations remain unaffected, stating that it continues to provide employment for many Nigerians while contributing to the country’s energy sector and broader economy.
“We have always believed in the judicial process, and that belief has not wavered,” she added.
She noted that Oceangate expressed appreciation to its employees, partners, and clients for their continued support amid the development, assuring stakeholders of its commitment to transparency and accountability.
The company also reaffirmed its confidence in Nigeria as a viable destination for investment, describing the country as a land of equity, growth, and opportunity.
“We remain committed to the continued growth of our business and the communities we serve, and we are optimistic that justice will prevail at the end of the legal process.”