Latest

Technology key to curbing corruption, Illicit Financial Flows – ICPC chair

icpc chair

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, has identified the deployment of technology as crucial to the fight against corruption and Illicit Financial Flows (IFFs).

A statement signed by ICPC spokesperson, Mrs. Azuka Ogugua, said Prof. Owasanoye made this known at the presentation of demo hacking solutions by seven innovators at the ICPC Headquarters, Abuja.
The Illicit Financial Flows Hackathon is an initiative of the ICPC and the National Information Technology Development Agency (NITDA) with support of the Ford Foundation, West Africa.

The demo hacking solutions are aimed at curbing corruption and IFFs in government budget and Ministries, Departments and Agencies (MDAs) procurement processes in Nigeria.

In his welcome remarks, the ICPC Chairman stated that the role of technology would not be underrated in the fulfillment of the Commission’s mandate of investigation and prosecution of breaches of the law.

He said, “Technology is crucial to eliciting, analysing and preserving evidence for prosecution. In the past three years, the Commission has invested in technology to enhance its forensic capability and trained staff in digital documents analysis, handwriting analysis, polygraphic technology, and sundry skills.

“In the past fifteen years, the Government has generally invested in technology to fight corruption, especially by prevention. The role of the Integrated Payroll and Personnel Information System (IPPIS), Government Integrated Financial Management System (GIFMIS), Treasury Single Account (TSA), Open Treasury Portal (OTP), establishment of Nigerian Financial Intelligence Unit (NFIU) and the private sector initiated Bank Verification Number (BVN) has contributed in no small way to reducing corruption.”

He emphasised the need for collaboration by law enforcement agencies in the deployment of more technology to help in reducing the opportunity for money laundering.

“Appropriate technology deployment would have given law enforcement agencies, administrators and regulators of the process adequate leverage to know what school-feeding funds were being used for. Technology penetration in Nigeria today makes this very possible. Such platforms would help nip anomalies in the bud and save the government huge sums of money as well as prevent abuse, corruption and money laundering,” he added.

At the IFF Hackathon, Prof. Owasanoye explained that it provided an opportunity for the young people to use their creativity and entrepreneurial skills in leveraging on emerging technologies to combat corruption and other unethical practices that impact negatively on the socio- economic fortunes of the nation.

He assured that the anti-corruption agency, the NITDA and the Ford Foundation would further work on the demo hacking solutions presented by the young innovators.

“The demo hacking solutions will be interrogated further, fine-tuned and a demo will be developed and followed by a test run,” he noted.

Back to top button