Nigeria sues Addax for $3 bln
Nigeria According to the government, the company owes the sum on output from OMLs 123, 124, 126 and 137. The government is arguing the company used irregular and illegal side letters to avoid full remittances.
The respondents in the case are Addax Petroleum Development Nigeria, Addax Petroleum Exploration Nigeria, the Nigerian National Petroleum Corporation, the Ministry of Petroleum Resources/Department of Petroleum Resources and the National Petroleum Investment and Management Services.
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