The Greentree Agreement is the formal treaty that settled the cameroon-Nigeria border dispute over the oil and natural gas-rich Bakassi peninsula.  The conflict had already taken place in 1913, in 1981, in 1994 and in 1996 between Nigeria and Cameroon in Bakassi.  The case was referred to the International Court of Justice and, on 10 October 2002, the ICJ ruled in Cameroon`s favour.  In June 2006, in Greentree, Cameroon and Nigeria, Cameroon and Nigeria signed a historic agreement under the auspices of my predecessor, Kofi Annan, setting out the modalities and timetable for the implementation of the 2002 Ruling of the International Court of Justice, which transferred the Bakassi Peninsula from Nigeria to Cameroon. This pioneering event was proof of the determination and determination of the two countries to go beyond a difficult past and, with a common vision and common goal of strengthening and respecting the rule of international law, to approach their border dispute in a way that ensures lasting peace and good neighbourly relations between the peoples of Cameroon and Nigeria. A monitoring committee made up of representatives from Cameroon, Nigeria, the United Nations, Germany, the United States, France and the United Kingdom was set up to oversee the implementation of the agreement.  Failure to ensure that the agreement became final had a serious impact on the economy of the cross-river state, caused a long humanitarian crisis by affecting the welfare of returnees, and failed to reach a logical conclusion. The dispute, which was referred to the International Court of Justice, was settled in Cameroon`s favour on 10 October 2002. And on June 12, 2006, former President Olusegun Obasanjo and President Paul Biya signed the agreement on the withdrawal of troops and the transfer of power to the peninsula. For the United Nations, the Greentree agreement has also been the embodiment of an innovative approach to conflict resolution.
Starting with the withdrawal of Nigerian troops from Bakassi two years ago and the culmination of this ceremony, the case of the Bakassi Peninsula has proven the viability of a peaceful and legal settlement of border disputes, if done with the full support of the international community and in a spirit of mutual respect, good neighbourliness and cooperation. Today, I would like to pay tribute to the foresight and political will shown by the governments and peoples of the Republic of Cameroon and the Federal Republic of Nigeria.