NITDA, ICPC seek homegrown solution to llicit Financial Flows

By Na'ankwat Dariem

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The National Information Technology Development Agency (NITDA), through its subsidiary, the Office for Nigerian Digital Innovation (ONDI), and in partnership with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), is opening applications for the 2022 Illicit Financial Flows (IFFs) Hackathon.

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

In a statement issued by the spokesperson of ICPC and NITDA, Mrs. Azuka Ogugua and Mrs. Hadiza Umar said that 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.

They explained that the 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.

According to the Agencies 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 1st and 2nd 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.

In view of this, ONDI is calling for applications from eligible individuals/groups with 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.

For more details on application requirement, interested individuals/groups should visit: https://bit.ly/iffhackathon and apply before the closing date on 26th August 2022.

 

 

 

 

Emmanuel Ukoh