Disputes - international:
ICJ ruled in 2002 on the Cameroon-Nigeria land and maritime
boundary by awarding the potentially petroleum-rich Bakassi
Peninsula and offshore region to Cameroon; Nigeria rejected the
cession of the peninsula but the parties formed a Joint Border
Commission to peaceably resolve the dispute and commence with
demarcation in other less-contested sections of the boundary;
several villages along the Okpara River are in dispute with Benin;
Lake Chad Commission continues to urge signatories Cameroon, Chad,
Niger, and Nigeria to ratify delimitation treaty over lake region,
which remains the site of armed clashes among local populations and
militias; Nigeria agreed to ratify the treaty and relinquish
sovereignty of disputed lands to Cameroon by December 2003
Illicit drugs:
a transit point for heroin and cocaine intended for European, East
Asian, and North American markets; safehaven for Nigerian
narcotraffickers operating worldwide; major money-laundering center;
massive corruption and criminal activity, along with unwillingness
of the government to address the deficiencies in its
anti-money-laundering regime make money laundering a major problem