Oceangate Engineering Oil & Gas Limited has announced plans to challenge a Federal High Court ruling ordering the forfeiture of some of its assets, insisting that neither the company nor its leadership was found culpable in any criminal wrongdoing.
In a statement issued on Thursday, the Company Secretary, Barrister Nnenna Onyeaso, described the judgment as a civil asset forfeiture order based on suspicion rather than proof, stressing that the ruling did not establish any criminal liability against the firm.
She disclosed that the company has already instructed its legal team to file an appeal, expressing confidence that a higher court will provide clarity on the matter.
“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,” Onyeaso stated.
The company reaffirmed its confidence in Nigeria’s judicial system, noting that the appellate process exists to address such outcomes and ensure justice is ultimately served.
Oceangate further maintained that its operations remain stable and unaffected by the development, adding that it continues to contribute to Nigeria’s energy sector while providing employment opportunities.
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“We have always believed in the ability of the judicial process, and that belief has not wavered,” Onyeaso added.
She also appreciated the company’s employees, partners, and clients for their continued support, assuring stakeholders of its commitment to transparency, accountability, and ethical business practices.
Reiterating its position, the firm expressed optimism that the appeal would affirm its integrity, while also reaffirming confidence in Nigeria as a viable destination for investment.
“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,” the statement added.