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TAC Organizes 4th Edition of the Industrial Games Challenge

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The just concluded 4th edition of the Industrial Games Challenge organized by Total Automation Concepts (TAC) ltd for tertiary institutions was conducted online on Saturday, 21st December, 2024, just like the 2020 edition which took place during the COVID-19 pandemic.

The process commenced on the heels of the 32nd COREN assembly at Abuja were specific institutions were invited based on their geographical spread across Nigeria.

The project coordinator, Engr. Paul Ugoji, stated that this was done deliberately to highlight the reach of “Gamification in Learning” as a tool that can complement the traditional means of knowledge transfer in ways that can bridge the gap between various industries and the academia.

He also said, for economic development, Nigerian students should regularly have access to relevant industrial applications and information that would enable them compete comfortably with their peers globally.

The institutions that selected to participate in the 2024 edition were Covenant University, Federal Polytechnic Bida, Federal University of Technology Bida, Landmark University, Nnamdi Azikiwe University and Petroleum Training Institute while the applications utilized for the competition were Alpha 1 Petroleum Products Loading Depot and Alpha 1 Crude Oil Production Platform.

The top 2 Engineering students from each of these institutions were picked for the finals after going through a general basic online training and selection process. The first stage of the finals was a team event which involved the summation of scores obtained from students of each institution after engaging both applications.

The top 3 teams that emerged as winners were Covenant University represented by Aghanwa Daniel and Obin Ubene Egwu with a combined score of 100.0% taking first position, Petroleum Training Institute represented by Ikechukwu Divine Sobechukwu and Joseph Great scored 98.4%, took second position while Nnamdi Azikiwe University represented by Gideon Ubakwe and Francis Nwafor scored 92.0%, took third position.

The funds which make up part of the reward structure were electronically transferred to the top 3 students and the department of the first position team from Covenant University. After this stage, the main final was conducted between the 2 students representing Covenant University to decide who would take home the available laptop as the overall best player and this was picked up by Obin Ubene Egwu.

Finally, for participating in the event, all the 6 institutions received 10 one-year free licenses each for both applications to be installed in any computer of their choice. Before concluding the event, some invited industry professionals who witnessed the competition advised the participating students on how to make the best use of the opportunities they have now while in school.

The participating students then expressed their appreciation of the concept utilized for the event and hoped that the competition would be sustained on an annual basis for the Nigerian educational system.

The project coordinator thanked the students, institutions and lecturers who coordinated the students without whom the event wouldn’t have been possible.

He highlighted some of the challenges faced as internet penetration, non-uniformity of academic calendar, students access to personal computers and sponsorship but stated that he was glad that some of these issues were surmounted to an extent.

Finally, he also indicated that next year’s edition would be broader with more gamified applications covering a crude oil refining facility, waste water treatment plant, turbine power plant, spill contingency exercise and many more could be incorporated into the competition with support or sponsorship from industries covered by the project, this as earlier stated would definitely help us bridge the gap between the academia and various industries.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

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Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

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AfDB Supports Francophone Africa Start-ups with €6.5M

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The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


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