Equatorial Guinea consists of the island of Bioko, for centuries called Fernando Po; other smaller islands and the mainland territory of Rio Muni. Fernando Po was named after the Portuguese navigator Fernão do Po. The island was then ruled for 3 centuries by Portugal until 1778 when it was ceded to Spain. For some decades after taking possession of Fernando Po, Spain did not effectively occupy it and allowed Britain to establish a naval base at Clarence (later Santa Isabel), which was important for the suppression of slave trading over a wide area. Spain asserted its rule from the 1840s. On Fernando Po the Spanish grew cocoa on European-owned plantations using imported African labour. This traffic led to an international scandal in 1930 when Liberians were found to be held in virtual slavery. Later many Nigerians were employed, often in poor conditions.
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