Nigeria, April 7 -- A committee set up by President Muhammadu Buhari to investigate a "breach" of agreement by Addax Petroleum, has accused the company of causing the country a huge economic loss.

The committee headed by a former senator, Magnus Abe, said this Wednesday while submitting its report to Mr Buhari, through the Minister for State for Petroleum Resources, Timipre Sylva, in Abuja.

Addax Petroleum is owned by Sinopec International Petroleum Exploration and Production Corporation (SIPC), which is managed and operated by the Sinopec Group. SIPC is specialised in overseas oil and gas investment and operations and manages Sinopec's international exploration and production portfolio, including Addax Petroleum.

The Nigerian governme...