Felak Group has strongly denied claims against its Chief Executive Officer, Dr. Aisha Achimugu, and its subsidiary, Oceangate Engineering Oil & Gas, into a $7 million cash settlement in Providus Bank.
The company, in a Thursday release, described the reports, which were sourced from a new publication by Mr. Chukwudi Iwuchukwu, as false, misleading, and aimed at discrediting its image.
The Group remained adamant that none of its CEO or Oceangate Engineering Oil & Gas were part of the alleged transaction, again insisting that discrepancies in the report further discredited it.
“The report stated that the deposit was made in Lagos, yet the court documents they used included Abuja. Such contradictions show that the news lacks a factual foundation,” the management affirmed.
To Felak Group, the accusation was a calculated attempt to destroy its people’s confidence in its leadership and defame the work of Oceangate Engineering Oil & Gas. It called the release “an outright abuse of free expression.”
The firm reasserted its commitment to openness and ethical practices while warning that it will not allow its name to be pulled into unfounded controversies.
“We call on the author and those circulating the false report to issue a public retraction and apology with the same prominence as the original story. Failure to do so will leave us with no choice but to seek appropriate legal redress,” the statement added.
Felak Group further assured stakeholders of its dedication to innovation, integrity, and excellence across its operations.
