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 to challenge the ruling at the appellate level, expressing confidence in the judicial process.
“To be clear, this ruling is a civil asset forfeiture order with no finding of wrongdoing against Oceangate or its leadership. The 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 reiterated its belief in the rule of law, noting that the appellate system exists to review such decisions and ensure justice.
Oceangate also assured stakeholders that its operations remain unaffected, adding that it continues to provide employment and contribute to Nigeria’s energy sector and the wider economy.
The firm expressed appreciation to its employees, partners and clients for their support, while reaffirming its commitment to transparency, accountability and sustained business growth.
It further expressed confidence in Nigeria as an investment destination, stating optimism that the outcome of the appeal would ultimately affirm its integrity and business practices.
