The E-Procure Group has received prize cash of N1.5 million for rising the winner of the Illicit Monetary Flows (IFFs) Hackathon Demo organised by the Unbiased Corrupt Practices and Associated Offences Fee (ICPC) with the help of Nationwide Info Know-how Company (NITDA) and Ford Basis.
An announcement by ICPC spokesperson Mrs. Azuka Ogugua on Monday, mentioned the IFFMER and Expose Teams received the sums of N1 million and N500,000 for coming first and second runners-up, respectively, within the presentation of demo hacking options by the seven finalists and innovators.
Different innovators that participated within the ultimate of the IFFs Hackathon held on the ICPC Auditorium, Abuja embody: Blockchain Answer, CAVAS, DBlaze App and FoodySchool.
The seven finalists had been tasked with growing indigenous options to curb illicit monetary flows in Ministries, Departments and Companies (MDAs) and scrutinizing motion of funds inside Nigeria and throughout worldwide borders to make sure the efficient monitoring of procurement processes.
The seven younger innovators used the Faculty Feeding Programme (SFP) of the federal government as a case examine on the Hackathon Demo.
The chairman of the ICPC, Prof. Bolaji Owasanoye, SAN, defined that the expertise gathered by the Fee in its investigation into the Faculty Feeding Funds led to the Hackathon Demo.
“Applicable know-how deployment would have given legislation enforcement businesses, directors and regulators of the method satisfactory leverage to know what school-feeding funds had been getting used for.
“Know-how penetration in Nigeria at present makes this very attainable. Such platforms would assist nip anomalies within the bud and save the federal government enormous sums of cash in addition to forestall abuse, corruption and cash laundering,” the ICPC boss mentioned.
He suggested younger Nigerians to make use of their creativity and entrepreneurial expertise in leveraging on rising applied sciences to fight corruption and different unethical practices that affect negatively on the socio- financial fortunes of the nation.
The Regional Director of Ford Basis West Africa, Dr. Chichi Aniagolu-Okoye, praised the innovators for mentally tasking themselves to provide you with their varied improvements.
“Your know-how and improvements might find yourself not being what the ICPC wants however it could be one thing that the Ford Basis can take to the subsequent degree. Even should you don’t win, the applied sciences that you’ve got developed can at all times be used for one thing else,” Aniagolu-Okoye mentioned.
Offering an in depth background on the IFFs Hackathon choice course of, the NITDA Crew Lead, Dr. Zareefa Mustapha, disclosed that over 2,400 functions from innovators had been harvested.
“We acquired over 2,400 functions in the course of the name for functions. Within the first stage of the choice course of, the functions had been screened all the way down to 50 and additional screening resulted within the pruning all the way down to 22.
“The 22 innovators had been interviewed they usually did a demo of their applied sciences and that was how the highest seven had been chosen for the ultimate course of,” she added.