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IBM Selects Abuja, 15 Other Cities Smarter Cities Grant
Abuja, Nigeria’s administrative, diplomatic and political capital has been selected alongside 15 other cities globally by IBM for its Smarter Cities Challenge for 2014.
The IBM Smarter Cities Challenge is a competitive grant program that sends teams of some of IBM’s most talented experts to select cities and regions worldwide to provide expertise on the most critical issues faced by communities today.
IBM will therefore be helping 16 cities and counties around the world this year to address issues ranging from clean water, healthy food, and revenue generation, to job development, efficient transportation, and public safety.
To that end, IBM has named recipients of its Smarter Cities Challenge for 2014. For these pro bono consultative engagements, IBM teams invest months studying a local issue chosen by a winning municipality.
They then spend three weeks on the ground in the region gathering and analyzing all relevant data and reports, while meeting in person with dozens of members of the government, citizen, business, and not-for-profit communities.
In doing so, they gather diverse perspectives about the factors involved and potential solutions to the opportunity at hand.
At the conclusion of these studies, IBM presents comprehensive recommendations for addressing the issue in line with recognized “best practices.” This is followed weeks later by a more detailed, written plan for its implementation.
Smarter Cities Challenge was originally conceived in 2011 as a three-year grant program, but highly positive feedback and significant results have encouraged IBM to extend the initiative. In its first three years, IBM’s Smarter Cities Challenge deployed 600 experts on six-person teams that provided strategic and practical advice to 100 municipalities.
These highly prized three-week engagements, each currently valued at USD $500,000, have helped local government address key challenges.
Given that effective local governance today relies on the coordination of multiple municipalities, IBM made regional governments eligible for the grant program this year, not just cities.
With the previous participation of 100 cities, the Smarter Cities Challenge program now also offers winning municipalities access to fellow leaders with whom to consult on similar issues, so as to share strategies that have been effective elsewhere.
IBM will work with municipalities this year that seek its input on projects such as the following: improving transportation options by connecting roads, bikepaths, sidewalks and rails; protecting the environment with better water quality; collecting revenue, lowering costs and managing budgets more efficiently; and leveraging local industries and natural resources for tourism and economic development
Others are: Making more nutritious and affordable food available in urban neighborhoods; harnessing the sun and converting waste products into electrical energy; preserving public safety during dangerous weather and man made events; and decreasing high crime impacts in blighted neighborhoods
Apart from following are cities and regions that IBM announced as winners of the IBM Smarter Cities Challenge grants for 2014 are :Ballarat, Australia; Baton Rouge, United States; Birmingham, United States; and Brussels, Belgium.
Others are : Dallas, United States; Dublin, Ireland; Durban, South Africa; Jinan, China; and Mombasa County, Kenya
Also on the list are: Niigata, Japan; Perth, Australia; Suffolk County, United States; Tainan, Taiwan; Vilnius, Lithuania; and Zapopan, Mexico
Many previous grant recipients have implemented IBM’s Smarter Cities Challenge recommendations and tangibly improved the lives of their citizens.
For example: Da Nang, Vietnam and the Delhi-Mumbai, India Industrial Corridor are improving the coordination of municipal agencies as they manage complex projects.
• Date, Japan now provides more and better information to consumers about the safety of its agriculture — key for a city perceived as near the site of a nuclear power plant disaster.
• Eindhoven, Netherlands has reduced crime with strategies that include citizens’ use of social media. Meanwhile, St. Louis, USA provides better information about criminals to judges prior to sentencing.
• Edmonton, Canada has improved road safety by analyzing accident data and improving education programs. Meanwhile, Boston, USA is using data to manage traffic more efficiently and reduce pollution.
• Jacksonville, USA has hired an economic development officer and passed legislation that streamlines city council processes for economic development.
• Ottawa, Canada is developing the neighborhoods near its light rail system by giving incentives to developers and streamlining the permit process. Meanwhile, Providence, USA has streamlined and shortened the process for reviewing and approving construction plans and permits by putting more processes online and by creating a nimble agency. This will improve economic development and inspire the streamlining of other city services.
• Syracuse, USA created one of New York State’s first land banks, enabling the city to reclaim and work with the private sector to transform vacant properties. This is revitalizing its neighborhoods and restoring its tax base.
• Townsville, Australia is reducing its water and energy costs. Its efforts have earned it that country’s prestigious National Smart Infrastructure Award. Meanwhile, Tshwane, South Africa conducted a successful crowdsourcing project to pinpoint and reduce water leaks.
Smarter Cities Challenge is an elite program, having picked only 116 municipalities out of more than 500 applicants over the last four application cycles. Strong applications propose projects designed to address high priority problems of critical importance to citizens.
The city or region must be able to share detailed information to help the IBM team analyze the issue. Leaders must also guarantee face-to-face access to city, regional, civic and business stakeholders for interviews with IBM team members so that they may comprehensively assess a given problem and recommend solutions.
IBM dispatches IBMers on these engagements who hail from all over the world, and who offer diverse perspectives and skills in the areas of marketing, communications, technology, research and development, government, human resources, finance, business, legal matters and specific disciplines such as transportation, energy and health.
Jennifer Crozier, IBM’s vice president of Global Citizenship Initiatives, and whose team directs the Smarter Cities Challenge, said, “Congratulations to all of the cities and regional governments that have secured IBM Smarter Cities Challenge grants for 2014. If history is any guide, these municipalities can look forward to tapping a treasure trove of skills and knowledge from some of IBM’s best and brightest. By collaborating with our experts, local governments will be receiving valuable counsel that could very well influence the success of issues that are foremost on the local agenda. We hope to be a useful resource to the winning cities and regions and be a catalyst for progress.”

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E-Financial
EFCC Warns Fintech Firms over Rising Fraud, Ransom Payments

Mr. Ola Olukoyede, chairman, Economic and Financial Crimes Commission (EFCC), has called on financial technology companies in Nigeria to strengthen their systems and safeguard their platforms against exploitation by fraudsters and other criminal actors.

Olukoyede made the call yesterday in Abuja during an industry engagement meeting with chief executive officers of fintech companies held at the EFCC headquarters.
He commended the fintech sector for driving financial inclusion and innovation in the country, noting that their platforms have expanded access to financial services.
However, he warned that the same digital space has increasingly been exploited by fraudsters.
According to him, continuous engagement between the EFCC and fintech operators is necessary to identify vulnerabilities and block loopholes being used for financial crimes.
“The opportunities you have created have also given criminals the opportunity to perpetrate crimes,” he said, adding that regular collaboration would help strengthen regulatory safeguards and protect legitimate business operations.
Olukoyede urged fintech operators to protect the integrity of their businesses, stressing that reputation remains a critical asset in the financial sector.
He warned that a single compromised transaction could damage years of trust-building.
He also advocated stronger intelligence sharing and cooperation between both parties, noting that such collaboration would enhance the EFCC’s mandate in tackling financial crimes.
On security concerns, the EFCC chairman raised alarm over the use of fintech and POS channels for ransom payments linked to terrorism financing.
He called for stricter compliance with Know Your Customer (KYC) requirements and improved monitoring of suspicious transactions.
“We have seen that criminals exploit your space, especially in areas involving ransom payments,” he said, urging the industry to work with regulators to close existing loopholes.
The meeting also featured discussions on regulatory and operational challenges in the fintech sector, with both sides exploring measures aimed at strengthening compliance and reducing fraud risks.
Telecom
FG Okays 112 as Toll-Free National Emergency Response Number

National Economic Council (NEC) of Nigeria has officially approved 112 as the unified, toll-free national emergency number to streamline responses to security, medical, fire, and natural disasters.

It is part of measures to strengthen Nigeria’s emergency lifeline and build a unified and coordinated national response to emergencies.
NEC also approved the establishment of a multi-agency implementation committee and programme coordination led by the Office of the Vice President and the National Communications Commission (NCC).
The approval was part of decisions taken at the 157th meeting of the NEC held virtually and chaired by Vice President Kashim Shettima.
Shettima said the 112 emergency lifeline had become necessary to prevent delay caused by bureaucratic bottlenecks, noting that what the citizens seek urgently when confronted by a natural disaster or insecurity is an urgent response and not bureaucracy.
“This is not only a technical reform. It is a test of the state’s humanity. In moments of fire, accident, robbery, medical emergency, flood, violence, or panic, citizens do not need bureaucracy.
“They need a response. They need to know one number to call, one system to trust, and one coordinated chain of action that moves quickly enough to save lives,” he stated.
He explained that while Nigeria is not beginning from zero, as the emergency number had been in existence, what is required at the moment “is coordination, adoption, standard operating procedures, public awareness, institutional ownership, and trust”.
The vice president described NEC as the nation’s economic engine room, where the federal government and the states must convert the Renewed Hope Agenda of President Bola Tinubu into practical outcomes.
E-Financial
New CBN’s BVN Rules Starts Today

Central Bank of Nigeria (CBN) will from today start enforcing the new Bank Verification Number (BVN) regulations, in a major move aimed at tightening banking security and reducing rising cases of fraud across the financial system.

Key changes include restricting phone number changes to once in a lifetime, limiting banking apps to one device, and capping transactions on new devices to \(\text{₦}20,000\) for the first 24 hours.
Bank customers need to know these:
One of the major highlights of the policy is the restriction on updating BVN-linked phone numbers.
Customers will now be allowed to change the phone number attached to their BVN only once in their lifetime.
Fraudsters often take over accounts by changing phone numbers through SIM swap tricks. Limiting changes helps reduce that risk.
Make sure the BVN number you use is one you plan to keep for a long time. If you ever need to change it, do so carefully because you won’t get another chance.
Your account can be temporarily restricted for checks
Banks are now authorised to place suspicious BVNs on a 24-hour watchlist.
During this period, affected accounts may be temporarily restricted while investigations and identity verification are carried out.
If your bank notices unusual activity, your account may be flagged.
Transactions could be delayed or restricted while the bank confirms that you are the one making them.
BVN registration is now strictly for adults
Another key update is the introduction of an age restriction.
Only individuals aged 18 and above can independently register for a BVN.
Minors will no longer be able to obtain standalone BVNs, except through structured, guardian-linked arrangements approved by financial institutions.
You can only use your banking app on one device
The apex bank has also introduced a one-device-per-app rule.
This means customers can only use their banking app on one device at a time.
Logging in on a new phone will automatically log out the previous device.
If you switch to a new device, your transactions will be limited to ₦20,000 for the first 24 hours.
The policy is designed to reduce unauthorised access and improve identity verification, making it harder for fraudsters to operate using cloned devices or stolen login details.
BVN services are now limited to authorised channels
Access to BVN-related services is now more controlled.
Only CBN-approved banks and financial institutions can handle BVN updates or issues.
Avoid using third-party apps or unofficial agents. Always go through your bank for any BVN-related request.
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