ADVERTISEMENT
TechEconomy
Friday, May 16, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » E-procure, IFFMER and E-xpose Adjudged Best Solutions to Tackle Illicit Financial Flows in Nigeria

E-procure, IFFMER and E-xpose Adjudged Best Solutions to Tackle Illicit Financial Flows in Nigeria

Techeconomy by Techeconomy
September 4, 2022
in StartUPs
3

RelatedPosts

Shugaland launches in Nigeria

Shugaland Enters Nigerian Market with Comprehensive Real Estate Management and Client Access Platform

May 16, 2025

Arrive Al Secures Direct Listing on Nasdaq Stock Exchange

May 15, 2025

E-procure, IFFMER, and E-xpose emerged first, second third positions respectively among seven shortlisted innovations that pitched at innovations and ideas for the Illicit Financial Flows (IFFs) Hackathon Demo Day organised by the Independent Corrupt Practices and Related Offences Commission (ICPC) with the technical support by the National Information Technology Agency (NITDA) and in conjunction with  the Ford Foundation.

The sum of 1.5 million, 1 million, and five hundred thousand naira cash prize were given to the three winners respectively.

The hackathon with the theme “Innovative Technology Ideas to Curb Corruption and Illicit Financial Flows in Government Budgets and MDAs Procurement Process in Nigeria“ took place at the ICPC Auditorium; was with the aim to develop indigenous solutions to curb Illicit Financial Flows (IFFs) in Ministries Departments and Agencies (MDAs) and check for indigenous movement of funds within Nigeria and across international borders to ensure the effective monitoring procurement processes.

The seven startups that pitched at the hackathon used the School Feeding Programme (SFP) as a case study.

Giving his remarks, Kashifu Inuwa, the NITDA Director General, represented by Mr. Oladejo Olawunmi, the Director Standards, Guidelines, and Frameworks said the hackathon is captured under three pillars of the Agency’s seven Strategic Roadmap and Action Plan (SRAP 2021-2024) one of which are Indigenous Content Promotion,  Digital Innovation, and Emerging technologies.

 Inuwa while speaking on Indigenous Content Promotion said “we believe that we have to actually promote our content and have homegrown solutions here in Nigeria”.

He stated that “when we import technology only the technology is transferred and not the knowledge”.

He opined that it was not ideal to fight corruption with imported technology as there is always a back end.

For Digital Innovation and Entrepreneurship, the DG said that innovation or idea pitched at any hackathon NITDA is part of, does not end there, but that the Agency takes it upon itself to ensure that those ideas are incubated, young innovators are mentored and given the needed exposure both within and outside the country to attract investors.

“NITDA has taken startups to international exhibitions and has won prizes at the Gulf Information Technology Exhibition (GITEX)”.

He added that Emerging Technologies like Artificial Intelligence, Blockchain, Big data and many more are new technologies that will be useful in curbing corruption.

Prof Bolaji Owasanoye, the ICPC Chairman, during his opening remarks appreciated NITDA for the technical support it has rendered to make the hackathon successful  stating that “the School Feeding Funds investigation and experience has led us to today’s activities support by Ford Foundation.

“IFFs remains a major avenue for diversion of revenue both in the local and transnational transactions and activities and the deliverables from this event is to have negotiation guidelines that we hope will be adopted by the government, and those who have businesses to do with the government will have a template to guide them on how to act for the government.

United BANK

Giving a brief of the Illicit Financial Flows hackathon selection process, the team lead from NITDA Dr. Zareefa Mustapha said there was a call for application and even there were over 2400 applications.

She said for the screening processes hubs were engaged as consultants, as they know what is happening in the technology space and are in the best position to identify viable solutions.

Dr Mustapha said, “In the first stage of the selection process it was screened down to 50 and from, that it was screened down to 22.

“The 22 were interviewed and they did a demo of their technologies and that was how the top seven were selected”, she added.

Dr. Mustapha explained that the selected seven innovators were judged based on six criteria adaptability, originality, practicability, sustainability, accessibility, and technicality.

She said there was a booth camp for the selected seven at the Agency’s subsidiary National Centre for Artificial Intelligence and Robotics (NCAIR) and there were technical partners to guide them through.

Dr. Chichi Aniagolu-Okoye, Regional Director, Ford Foundation West Africa commended the innovators for intellectually tasking themselves to come up with their various innovations.

“Your technology may end up not being what the ICPC needs but it may be something that the Ford Foundation can take to the next level, “said the Regional Director

He added further that, “Even if you don’t win you are a winner, the technologies that you have developed could always be used for something else.”

The other innovations at the demo day were DBlaze App, Blockchain Solution, CAVAS, and FoodySchool.

In attendance was the representative of the Minister of Education Mallam Adamu Adamu, Mr. Kashim Ibrahim a Deputy Director in the ministry.

Loading

United BANK

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares

Tags: IFFs Hackathonillicit financial flowsOladejo OlawunmiSchool Feeding Programme
Previous Post

WorldRemit and Hello Paisa Are Easing Money Transfers to Zimbabwe  

Next Post

Notion Technology Limited Opens Abuja Office

Techeconomy

Techeconomy

Related Posts

Shugaland launches in Nigeria
StartUPs

Shugaland Enters Nigerian Market with Comprehensive Real Estate Management and Client Access Platform

by Techeconomy
May 16, 2025
0

The Nigerian real estate market, a vital sector valued at billions of dollars, is undergoing a significant digital transformation. Long...

Read more
Arrive Al Secures Direct Listing on Nasdaq Stock Exchange

Arrive Al Secures Direct Listing on Nasdaq Stock Exchange

May 15, 2025
Cargoplug Launches in UK to Power Growing UK-Nigeria Trade Route

Cargoplug Launches in UK to Power Growing UK-Nigeria Trade Route

May 15, 2025
Omniretail, PalmPay, Moniepoint Top FT’s List of Africa’s Fastest-Growing Companies

Omniretail, PalmPay, Moniepoint Top FT’s List of Africa’s Fastest-Growing Companies

May 14, 2025
Report: 885 Million Women Still Unconnected as Mobile Internet Gender Gap Stalls in LMICs – GSMA

GSMA: 885 Million Women Still Unconnected as Mobile Internet Gender Gap Stalls in LMICs

May 14, 2025
Y Combinator Accuses Google of Hindering Innovation, Discouraging Startup Funding

Y Combinator Accuses Google of Hindering Innovation, Discouraging Startup Funding

May 14, 2025
Next Post

Notion Technology Limited Opens Abuja Office

Comments 3

  1. Pingback: E-procure, IFFMER and E-xpose Adjudged Best Solutions to Tackle Illicit Financial Flows in Nigeria – TechEconomy.ng - TechEconomy.ng - news mania
  2. Pingback: E-procure, IFFMER and E-xpose Adjudged Best Solutions to Tackle Illicit Financial Flows in Nigeria – TechEconomy.ng - TechEconomy.ng - News | Technology | Automobiles | Gadgets and More
  3. Pingback: E-procure, IFFMER and E-xpose Adjudged Best Solutions to Tackle Illicit Financial Flows in Nigeria – TechEconomy.ng - TechEconomy.ng - ABHI BEE

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.