Joint Venture Property in Akwa Ibom

Akwa Ibom is a state in Nigeria which is located at the coastal southern or south-eastern part of the coubtry; lying between latitudes 4°321 and 5°331 North, and longitudes 7°251 and 8°251 East with it's capital city as Uyo. It came into existence on the 23rd of September 1987 by the Federal Military Government under General lbrahim Babangida, out of Cross River State. The state is populated with over 5 million people and over 10 million in dispersion. Akwa Ibom is currently the highest oil- and gas-producing state in the country. The inhabitants of the state are: Ibibio, Annang, Ibeno and Eket. The Ibibio are the largest group, whilst the Annang, which form the second largest group, speak a language very similar to the Ibibio Language. Ibeno and Eket speak a similar language, and are located at the ocean. The Ibibio language belongs to the Benue-Congo language family, which forms part of the Niger-Congo group of languages.