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However, documents released by the Cameroonians, in parity with that of the British and Germans, clearly places Bakassi under Cameroonian Territory as a consequence of colonial era Anglo-German agreements.After Southern Cameroons voted in 1961 to leave Nigeria and became a part of Cameroon, Bakassi remained under Calabar administration in Nigeria until ICJ judgement of 2002.

The ICJ delivered its judgment on 10 October 2002, finding (based principally on the Anglo-German agreements) that sovereignty over Bakassi did indeed rest with Cameroon.In 1981 the two countries went to the brink of war over Bakassi and another area around Lake Chad, at the other end of the two countries' common border. In response, Cameroon took the matter to the International Court of Justice (ICJ) on 29 March 1994.The case was extremely complex, requiring the court to review diplomatic exchanges dating back over 100 years.However, the area has aroused considerable interest from oil companies in the light of the discovery of rich reserves of high grade crude oil in Nigeria.At least eight multinational oil companies have participated in the exploration of the peninsula and its offshore waters.

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