Oceangate Engineering Oil & Gas Limited has restated its commitment to transparency, the rule of law, and to the continued growth of the Nigerian economy, including its business and the communities they serve.
The company also reaffirmed its belief in Nigeria as a land of equity, growth, opportunity and a viable destination for enterprise and investment.
In a statement issued on following a court ruling on a civil forfeiture order against the company, Oceangate expressed confident that justice will ultimately prevail.
The Company Secretary, Barr. Nnenna Onyeaso, said it was important to clarify what the court’s ruling is, and what it is not, pointing out that this was a civil asset forfeiture order with no finding of wrongdoing against Oceangate or its leadership.
According to her, “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 explained that Oceangate Engineering Oil & Gas Limited was founded with one clear purpose which is to contribute to Nigeria’s energy sector and create meaningful opportunities for Nigerians.
“That purpose remains unchanged, and today’s Federal High Court ruling will not alter it. We have already instructed our legal counsel to file an appeal. We have always believed in the ability of the judicial process and that belief has not wavered. “
Expressing confidence in the Nigerian judiciary, Barrister Onyeaso said the appellate process exists for exactly this kind of outcome, adding Oceangate is confident that a thorough review of the facts will speak for itself and for the integrity with which this company has always operated.
………………………….
