Oceangate Engineering Oil & Gas Limited has announced plans to appeal a recent Federal High Court ruling ordering the forfeiture of certain company assets.
In a statement issued on Thursday, the Company Secretary, Barr. Nnenna Onyeaso, stressed that neither the company nor its leadership had been found guilty of any wrongdoing. She described the court’s decision as a civil asset forfeiture order based on suspicion rather than proof, noting that no criminal liability was established against the firm.
According to Onyeaso, Oceangate has already instructed its legal team to file an appeal and remains confident in the judicial process. She expressed optimism that a thorough review of the case would yield a favourable outcome.
“To be clear, this ruling is a civil asset forfeiture order with no finding of wrongdoing against Oceangate or its leadership,” she said. “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.”
The company reaffirmed its belief in the rule of law, emphasising that the appellate system exists to address such decisions. Onyeaso added that Oceangate is confident the facts will ultimately vindicate its integrity and business practices.
She also noted that the company’s operations remain unaffected, as it continues to provide employment opportunities and contribute to Nigeria’s energy sector and broader economy.
“We have always believed in the ability of the judicial process, and that belief has not wavered,” she added.
Oceangate further expressed appreciation to its employees, partners, and clients for their continued support, assuring stakeholders of its commitment to transparency and accountability.
Reiterating its confidence in Nigeria as an investment destination, the company described the country as a land of equity, growth, and opportunity, while expressing optimism that justice will prevail at the conclusion of the legal process.