Oceangate Engineering Oil & Gas Limited has announced plans to appeal a ruling by the Federal High Court ordering the forfeiture of some of its assets, maintaining that neither the company nor its leadership was found guilty of any offence. In a statement issued on Thursday, the Company Secretary, Barr. Nnenna Onyeaso, described the court’s decision as a civil asset forfeiture based on suspicion rather than proof, stressing that the judgment did not establish any criminal liability against the firm. She said the company had already instructed its legal team…
Read MoreOceangate Engineering to Appeal Federal High Court Asset Forfeiture Order, Denies Wrongdoing
