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.

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.

The post E-procure, IFFMER and E-xpose Adjudged Best Solutions to Tackle Illicit Financial Flows in Nigeria appeared first on Tech | Business | Economy.

The IFF Project is supported by Ford Foundation office for West Africa.

According to a statement signed by Mrs. Azuka Ogugua, Spokeperson for ICPC and Mrs. Hadiza Umar, Head, Corporate Affairs and External Relations at NITDA, the Illicit Financial Flows (IFFs) Hackathon is aimed at developing indigenous solutions to curb illicit financial flows (IFFs) in Ministries, Departments and Agencies (MDAs), check illegal transfer/movement of funds within Nigeria and across international borders, and ensure effective monitoring of procurement processes.

This Hackathon will also provide young Nigerians the opportunity to contribute their creativity and entrepreneurial skills by leveraging emerging technologies to combat corruption and other unethical practices impacting negatively on the socio-economic fortunes of the nation.

Therefore, these talented Nigerians will be tasked to come up with clearly-defined ideas and prototype solutions to checkmate IFFS with emphasis on leveraging emerging technologies like Artificial Intelligence (AI), Cloud, Big data, blockchain, Quantum computing, Internet of Things (IoT), Augmented Reality (AR), and Virtual Reality (VR) among many others.

The two-day event scheduled to hold on 1^st and 2^nd September 2022 will open with a bootcamp at the National Centre for Artificial Intelligence and Robotics (NCAIR), Abuja while a Demo Day will take place at ICPC Auditorium, Abuja on the second day and final day.

Therefore, ONDI is calling for applications from eligible individuals/groups with an innovative ideas and prototypes that would leverage emerging technologies to help address the menace of IFFs within the nation’s expanding digital economy.

ONDI is a subsidiary of NITDA, created to ensure the promotion, growth, and protection of Nigerian digital innovation ecosystem for the growth of Nigeria’s digital economy.

The Office has responsibility to facilitate the growth of the Nigerian digital economy through the creation of innovation-driven enterprises that will promote job creation and the proliferation of market-creating innovations to create more prosperity for Nigeria.

Participation

To be part of the NITDA/ICPC IFFs Hackathon, interested individuals/groups should visit HERE and apply before the closing date on 26th August 2022.

The post APPLY: NITDA and ICPC Want You to Help ‘Hack’ Illicit Financial Flows appeared first on Tech | Business | Economy.