Illicit Financial Flows: NITDA, ICPC Seek Indigenous Solution At Hackathon

The National Information Technology Development Agency (NITDA) in partnership with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) is opening applications for the 2022 Illicit Financial Flows (IFFs) Hackathon.

A joint statement issued yesterday by NiTDA’s head Corporate Affairs and External Relations, Hadiza Umar and the spokesperson of the ICPC, Azuka Ogugua, noted 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).

NITDA is making this effort through its subsidiary, the Office for Nigerian Digital Innovation (ONDI) stressing that the IFF Project, which is supported by Ford Foundation office for West Africa, is also aimed to 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-n 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 statement said.
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 innovative ideas and prototypes that would leverage emerging technologies to help address the menace of IFFs within the nation’s expanding digital economy,” the statement added.
ONDI is a subsidiary of NITDA, created to ensure the promotion, growth, and protection of the 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.
Interested individuals/groups are required to visit: https://bit.ly/iffhackathon and apply before the closing date on 26th August 2022.