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Nigerian, Team Mates Win £15,000 at SWIFT Fintech Competition

Nigerian Mohammed Dankwambo will share £15,000 with five other university students after their Fintech idea wowed judges at the SWIFT Business Forum London.
The team called HADU from the UK’s Warwick Business School (WBS) beat six other teams – including three more from WBS – in the final to win the inaugural SWIFT Institute Challenge.
Mohammed, of Gombe, Nigeria, and team-mates Fiza Hussain, Sneha Sunkara, Yunjing Li, Yat Hung To and Qotrun Nada Haroen, were presented with the cheque by Harriett Baldwin, Economic Secretary to the Treasury, and they also won a trip to Sibos, the annual financial services event held in Geneva this September by SWIFT (Society for Worldwide Interbank Financial Telecommunication) – the global network that enables financial institutions to send and receive information about financial transactions.
Tasked with identifying a solution to address the challenge of remittances via banks in the UK, HADU presented a solution that focused on using near sound data technology to deliver mobile money and a network of branded high-security buses to do the ‘last mile’ and deliver the cash in Indonesia.
Mohammed said: “We were so excited when we heard our name on stage, even after one day, we still can’t believe it. We are very happy and really looking forward to further develop our idea.”
“This is a great win for WBS and the University that reflects the quality of the research and teaching at Warwick,” said Markos Zachariadis, Assistant Professor of Information Systems Management & Innovation and co-author of The Society for Worldwide Interbank Financial Telecommunication (SWIFT): Cooperative governance for network innovation, standards, and community.
“The SWIFT Institute Challenge has provided a great opportunity for students to work on real issues from the financial industry. Congratulations to all the finalists and to the winning team. We are very proud of the students.
“Our Fintech module at the school is part of our MSc in Information Systems Management & Innovation course and has been going for three years now, with our graduates landing jobs in major financial institutions and already making an impact.
“We will seek to develop more Fintech initiatives in the coming years.”
The 2016 Challenge was open to any UK-based recognised university, or centre of learning, with an interest in banking and asked students for a solution that would enable someone to send money from their UK bank account to an individual in a country where there is little or no banking infrastructure.
Held at the Tobacco Dock in London, each team was given 10 minutes to pitch their idea to the judges who came from across the financial services industry.
They took on teams from King’s College London, Queen Mary University of London and London School of Economics and Politics, with HADU coming out on top.
HADU will have their travel and expenses paid for to attend SWIFT’s annual financial services event, Sibos, and the opportunity to pitch their developed solution at the conference in Switzerland.
Commenting on the Challenge, Ms Baldwin said: “Innovation in payments solves real-world problems and has the ability to change how we, as consumers, interact with our money. That’s why it’s so exciting to see the projects from today’s SWIFT competition teams looking at how we can make remittances easier, cheaper and more efficient for people in the UK and around the world.
“Financial technology plays a vital role in stimulating greater competition, improving access and helping to drive transaction costs down. That’s just one of the many reasons the Government is doing all it can to support the UK’s dynamic Fintech sector.”
Peter Ware, Director at SWIFT Institute, said: “This is the first year for the Challenge, and we have been very impressed by the quality of the submissions and presentations from the UK Universities involved.
“An interest in banking is important but equally, so is an enthusiasm for devising new and cutting-edge ideas that could really make a difference. They all understand important world issues and are able to think outside the barriers that can exist in a corporate mindset.”
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DBI, Miva Open University Partner to Advance Digital Innovation, Education

Digital Bridge Institute (DBI) and Miva Open University, Abuja, have signed a Memorandum of Understanding (MoU) to jointly promote digital technology and academic excellence in computer science and innovation.

Mr. David Daser, president/CEO, DBI, and Professor Tayo Arulogun, vice chancellor, Miva Open University.
DBI, a Federal Government-owned ICT training institute with headquarters in Abuja and campuses across Nigeria’s six geo-political zones, hosted the signing ceremony at its headquarters.
The MoU marks a significant step in formalizing and strengthening the existing relationship between the two institutions.
Signing on behalf of their institutions were
Speaking during the event, Mr. Daser praised Professor Arulogun’s leadership and commitment to academic development, which he said made the partnership possible. He emphasized that unlike many MoUs that remain inactive, this collaboration is set to deliver tangible results.
“We value this partnership and are confident it will meaningfully contribute to Nigeria’s education sector. DBI is fully prepared to implement the agreement and drive an impact across our campuses in Enugu, Abuja, Kano, Lagos, Asaba, and Yola,” Daser said.
He added that the collaboration would strengthen DBI’s National Innovation Diploma (NID) program and other initiatives through shared resources and new opportunities.
Professor Arulogun, in his remarks, highlighted the need for greater collaboration among Nigerian universities, criticizing the prevalent “do-it-alone syndrome.”
“Many institutions prefer to operate in silos, but collaboration is key. Pooling resources and working together will enhance capacity and academic output,” he stated. “With this partnership, we are ready to hit the ground running from student exchange to joint innovation projects like hackathons.”
He noted that hackathons provide platforms for discovering hidden talents and fostering innovation, and Miva is eager to integrate such activities into its academic programs.
Mr. Emeka Nzeih, head of Learning and Development, DBI, outlined the partnership’s key focus areas: student internships, real-world project collaborations, joint research in fields like AI, robotics, and cybersecurity, and shared access to DBI’s ICT labs and equipment for Miva’s students and faculty.
According to Nzeih, the initiative aims to enhance practical learning, foster innovation, and build capacity through collaborative training, research, and mentorship.
News
FIRS Commits to Fostering Trust, Voluntary Compliance Nationwide @ Tax Clinic

The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to fostering trust and voluntary tax compliance among small businesses, startups, and informal sector operators across the country.
This pledge comes ahead of the 2025 edition of its flagship outreach programme, the Tax Clinic, an initiative aimed at deepening tax education and strengthening compliance across Nigeria’s economic sectors.
Speaking in anticipation of the event, the Executive Chairman of FIRS, Dr Zacch Adedeji, emphasised that the clinic forms part of broader efforts to promote transparency, accountability, and inclusion in the tax system.
“The clinic reflects our commitment to promoting a culture of voluntary compliance by bringing tax education closer to the people. It is a critical step in strengthening trust, transparency, and inclusion in the tax system,” Dr Adedeji stated.
He noted the importance of expanding the country’s tax base and ensuring that citizens and business operators are empowered to fulfil their civic obligations.
“This clinic is more than an event; it’s a movement to ensure every Nigerian understands their role in nation-building through voluntary tax compliance,” he added.
Organised by the FIRS Emerging Taxpayers’ Group (ETG), the two-day event will feature expert-led sessions, panel discussions, interactive service desks, and live Q&A forums on issues such as tax filing, business registration, and dispute resolution.
Attendees will also have access to representatives from key institutions, including the Lagos State Internal Revenue Service (LIRS), Joint Tax Board (JTB), Corporate Affairs Commission (CAC), Tax Appeal Tribunal (TAT), National Identity Management Commission (NIMC), and Nigerian Investment Promotion Commission (NIPC).
Several professional bodies will also participate, including the Chartered Institute of Taxation of Nigeria (CITN), Institute of Chartered Accountants of Nigeria (ICAN), Association of National Accountants of Nigeria (ANAN), Nigerian Bar Association (NBA), and Nigerian Medical Association (NMA).
In addition to tax advisory services, the NMA will provide free basic medical screenings at the event. The first 300 participants to register physically will also receive branded gifts.
The clinic is open to business owners, self-employed individuals, trade groups, and professionals, with livestream options available for virtual participants.
With the theme ‘Tax Clinic for Tax Clarity’, the event is scheduled to take place on 15th and 16th July 2025 in Lagos.
FIRS says the initiative is central to its drive to boost revenue generation, integrate the informal economy, and streamline Nigeria’s tax architecture in line with its economic development agenda.
News
FG Commissions Rebuilt Kano Digital Industrial Park with Support from IHS Nigeria

The Federal Government has commissioned the fully refurbished and restored Kano Digital Industrial Park, reaffirming its commitment to inclusive digital growth, youth empowerment, and strong private sector collaboration.
The facility, which suffered significant damage during the August 2024 protests, has now been fully restored through a generous intervention by IHS Nigeria.
The commissioning ceremony, which took place on Wednesday, July 2, 2025, was led by the President of Nigeria, ably represented by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani.
The event was graced by several dignitaries, including the Deputy Governor of Kano State (representing the Governor) Aminu Abdussalam Gwarzo; the Emir of Kano, represented by His Highness, Jarman Kano, Amb. Ahmed Umar OON; the Executive Vice Chairman/CEO of the Nigerian Communications Commission Dr Aminu Maida; the Minister of State for Youth Development; representatives from IHS Nigeria; and other senior government officials.
Delivering his opening remarks, the Executive Vice Chairman of the NCC, Dr. Aminu Maida, emphasized the strategic importance of the park and reaffirmed the Commission’s commitment to enabling Nigeria’s digital future.
“The recommissioning of the NCC Digital Industrial Park in Kano is a landmark moment in our journey to accelerate ICT innovation and empower the next generation of digital pioneers.
“This facility will serve as a catalyst for digital inclusion, economic transformation, and youth empowerment not just in Kano, but across the entire Northwest region. We remain committed to creating a thriving digital ecosystem where innovation can flourish and no one is left behind in Nigeria’s digital revolution.” He said.
Speaking on behalf of the Executive Governor of Kano State, the Deputy Governor, Comrade Aminu Abdussalam Gwarzo, reaffirmed the state’s digital ambition and expressed deep appreciation for the partnership that made the park’s restoration possible.
“This commissioning marks more than the unveiling of a refurbished structure, it represents Kano’s bold vision to lead Northern Nigeria’s digital transformation. “We are grateful to IHS Nigeria for their swift response and unwavering support following the vandalization of this facility. Their commitment goes beyond corporate responsibility, it reflects a shared vision for a digitally inclusive Nigeria. He said.
Also speaking at the commissioning ceremony, the Chief Operating Officer of IHS Nigeria, Kazeem Oladepo, who represented the CEO of IHS Nigeria, reaffirmed the company’s commitment to advancing Nigeria’s digital future.
“Our decision to sponsor the refurbishment of the Kano Digital Park is rooted in our commitment to supporting Nigeria’s digital economy and empowering young Nigerians with the skills to thrive in the digital age,” he said.
“This partnership with the Ministry of Communications, Innovation and Digital Economy is a clear demonstration of the power of public-private collaboration in addressing national challenges.
“We are proud to contribute to the 3MTT program and help restore this park as a hub of innovation and opportunity for the Kano community. Supporting initiatives like this and others such as the Ilorin Innovation Hub is how we aim to foster long-term digital growth, create jobs, and drive inclusive development across Nigeria.” He added.
Capping off the event, the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, highlighted the significance of public-private collaboration in shaping Nigeria’s digital future.
“The recommissioning of the Kano Digital Industrial Park is a powerful demonstration of what is possible when public and private sector actors unite behind a shared vision. This facility is more than just infrastructure, it is a beacon of innovation, resilience, and opportunity for Northern Nigeria.
“IHS Nigeria’s swift intervention following the vandalism of this park reflects true partnership and corporate citizenship. Together, we are laying the foundation for a future where young Nigerians, especially those in underserved communities, have the tools and training to thrive in a digital economy.” He highlighted.
The Kano Digital Industrial Park forms a key part of the 3 Million Technical Talent (3MTT) initiative, a flagship government program aimed at equipping Nigerians with globally competitive digital skills.
The renovation includes fully equipped training labs, power and connectivity infrastructure, upgraded learning spaces, and restored digital equipment to support thousands of learners across Northern Nigeria.
The commissioning of the Kano Digital Industrial Park comes just weeks after Ilorin Innovation Hub, the largest innovation hub of its kind in West Africa, which is also sponsored by IHS Nigeria, kicked off its incubation and acceleration programs. These interventions highlight IHS Nigeria’s continued commitment to fostering innovation, creating jobs, and driving the growth of Nigeria’s digital economy.
By bringing the Kano Digital Industrial Park back on stream, IHS is reinforcing its pledge to support impactful initiatives at both the federal and sub-national levels, particularly those that provide opportunities for young Nigerians, who represent the future of the nation.
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