$50bn Illicit Outflows from Nigeria, Others: NITDA/ICPC Call for Application for 2022 IFFs Hackathon

By Dwelleth Morountodun

The National Information Technology Development Agency (NITDA), through its subsidiary, the Office for Nigerian Digital Innovation (ONDI), 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 Chairman, ICPC, Prof. Bolaji Owasanoye SAN, has consistently expressed concern over the $50 billion illicit financial flows from Nigeria and other African countries.

The IFFs project is supported by Ford Foundation office for West Africa according to a statement jointly signed by Mrs. Hadiza Umar of NITDA and her counterpart in ICPC, Mrs. Azuka Ogugua.

According to the duo, the Illicit Financial Flows 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 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.

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.

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.

Related Posts

NCC-CSIRT Proffers Counter-measures against Website Scams on Microsoft Edge Browser

Faith Maji's Blog

IT Skills: FG Directs NITDA to Develop National Digital Skills Roadmap

Faith Maji's Blog

Inuwa: FG Determined to Make Nigerians Harness Full potentials of Blockchain Tech

Faith Maji's Blog

Broadband: Phase3 Telecom, YahClick in Exciting Deal, Offer World ICT Services

Faith Maji's Blog

NITDA Boss Harps on PPP Initiative as Catalyst to Nigeria’s Digital Economy Drive

Faith Maji's Blog

Lifting 100m Nigerians Out of Poverty: FG Charges Youth on ICT

Faith Maji's Blog

Vandalisation of 50, 000 Telecom Infrastructure Raises Concerns:

Faith Maji's Blog

Minister Applauds NCC, Others in Communications Sector

Faith Maji's Blog

NCC: Why Consumers Must Protect Telecom Infrastructure, Others

Faith Maji's Blog

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.