Nigeria Will Not Explore Oil In Bakassi Again – Buhari


President Muhammadu Buhari has put on hold exploitation of hydrocarbon deposits in Bakassi peninsula till the joint technical committee on the Green Tree Agreement submits its report.

This is even as the Cameroonian President, Paul Biya, denied that his country was ever a safe haven to the terrorist sect, Boko Haram. Both leaders spoke at a joint press conference to end Biya’s two-day working visit to Nigeria.

Buhari told Biya that there was no cause for Cameroonians to lose sleep over the Peninsula as the committee’s outcome would put paid to the International Court of Justice (ICJ) resolutions.

A technical committee, comprising experts from both countries are currently working to fine-tune some grey areas, bodering on identity, resettlement, compensation for loss of territory, oil exploration, development of Day Spring Island, socio-cultural differences, fishing right, among other issues before full implementation of resolutions spelt out by the ICJ.