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Diamond Bank to Train 500,000 Kids on Coding

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Diamond Bank

Diamond Bank, in collaboration with Code Camp Africa will train 500,000 Nigerian children on computer programming and coding within a short period of time. In preparation for objective, the organisations have already trained some of the children. The teens between the ages of seven years to 15 years, were trained over a period of five weeks on computer coding and technology development.

Showcasing the children, who benefitted from the training in Lagos recently to the delight of their parents, the Managing Director of Diamond Bank, Uzoma Dozie, expressed satisfaction over the children’s performance in coding and website design in just few weeks of intense training that was packed full with extra curriculum activities. He explained that the bank’s vision of empowering young Nigerians with the language of technology, was to equip Nigerian children with technology skills, especially those that have developed interest in computing.

“The future of almost everything nowadays is technology and will depend on the ability to use technology. The Western world is outsourcing jobs to India because of this ability to write code. It is paramount that we develop in this area of development,” Dozie said.

“In 10 years’ time, the kids can work in Nigeria and across the world. It is critical that we equip them with the ability to code and understand the language of technology,” he added.

Code Camp Africa promoter, Mr. Edwin Momife said the vision of the organisation is to train at least 500, 000 youngsters in coding within a short period of time.

“If you learn how to code you become a global citizen. We need Nigerians to get to code and use technology to solve problems,” Momife said.

Head, Retail Banking Businesses, Diamond Bank, Mr. Robert Giles said the bank was motivated to partner Code Camp Africa in training the children because it became interested in developing Nigerian children digitally, being one of the foremost banks in Nigeria that is promoting technology development in the financial sector.

“It is important to develop Nigerian children technologically when they are still young and when they grow with technology skills, they will become stars in computer coding and other areas of computing. With technology skills, they could develop technology solutions that will address the needs of Nigerians,” Giles said.

The technology skills they acquire over the years will help generate employment in the future and also develop the society. The children will grow to become future employers of labour and create initiative that will enhance development,” Giles added.

“We will be working with the youth team of our bank to continue supporting the children in technology development. It is pleasing to see children develop codes and create websites and we wish they grow up with the skills,” Giles added.

Diamond Bank collaborated with Code Camp Africa and programming firm Andela Limited to deliver the five-week programme that equipped about 25 youngsters with knowledge and skills in various computer languages.

Some of the children spoke of their thrilling experiences in learning various computer programming languages, from JavaScript through Python and Scratch, among others. Daniel Abass, a participant, attested that he could now make his websites while Judex Umorgu and others displayed various websites and applications.

One of the apps uses geo-location to enable parents to track the movement of their children and teachers, while others showed apps for games, cars and other hobbies.

Awards of recognition were given to four participants for innovative idea, good behaviour, best design and best programmer, during the camping period.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Social Media

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

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In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts in Nigeria linked to sextortion scams.

This sweeping action is part of Meta’s ongoing effort to address the growing threat of digital extortion on its platforms.

Unmasking the Scammers

The crackdown, which took place at the end of May, targeted accounts engaged in blackmail schemes.

These scammers posed as young women to coerce individuals into sharing intimate photos, which were then used to extort money from the victims.

The removal follows a Bloomberg Businessweek exposé highlighting the rise of such crimes, particularly affecting teenagers in the United States.

The Global Impact

The U.S. Federal Bureau of Investigation (FBI) has identified sextortion as one of the fastest-growing crimes targeting minors.

The schemes often lead to severe consequences, including the tragic suicides of more than two dozen teens.

In one high-profile case, the death of 17-year-old Jordan DeMay in Michigan led to the arrest of suspects traced back to Lagos, Nigeria.

The Role of the Yahoo Boys

Many of the dismantled accounts were linked to the “Yahoo Boys,” a notorious group known for orchestrating various online scams.

These individuals have been using social media to recruit and train new scammers, sharing blackmail scripts and fake account guides.

Meta’s Response

Meta’s spokesperson emphasized the company’s commitment to user safety, stating, “Financial sextortion is a horrific crime that can have devastating consequences.”

The company is continually improving its defenses and has reported offenders targeting minors to the National Center for Missing & Exploited Children.

To enhance protection, Meta has implemented stricter messaging settings for teen accounts and safety notices regarding sextortion.

They are also employing technology to blur potentially harmful images shared with minors.

Ongoing Efforts

Meta’s actions highlight the complex and evolving nature of online crime. The company has pledged to remain vigilant, adapting its strategies to counter new threats as they emerge.

“This is an adversarial space where criminals evolve to evade our defenses,” Meta noted.

Looking Forward

As digital platforms continue to grapple with issues of privacy and security, Meta’s recent actions demonstrate a proactive stance in safeguarding users.

By dismantling these networks, the company aims to reduce the prevalence of sextortion and foster a safer online environment for all.

The crackdown serves as a reminder of the need for continued vigilance and collaboration between tech companies and law enforcement to protect individuals from the harmful effects of digital exploitation.

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Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

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Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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Startups

Google Leads $250 Million Funding Round for Glance

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A logo is pictured at Google's European Engineering Center in Zurich

Google is leading a $250 million funding round for Glance, a mobile content provider.

This infusion of capital aims to expand Glance’s reach and solidify its market position amidst growing competition.

Glance, a subsidiary of InMobi Group, offers a unique service that delivers news, entertainment, and other content directly to users’ mobile screens without unlocking their devices.

With a user base exceeding 300 million across India, the US, Japan, and Indonesia, the startup has gained significant traction since its inception in 2019.

The funding round, expected to close in the coming weeks, marks a continued partnership between Google and Glance.

Google initially invested in the company in 2020, and this latest round will further enhance Glance’s capabilities to innovate and reach new audiences.

This investment reflects Google’s strategic interest in India, the world’s most populous nation, where it competes with tech giants like Microsoft, Meta, and Amazon.

With India’s rapidly growing middle class and increasing smartphone adoption, the market presents vast opportunities for digital expansion.

The support from Google comes on the heels of a previous $200 million investment by Mukesh Ambani, Asia’s wealthiest individual, which valued Glance at over $1 billion.

The startup’s largest stakeholder, InMobi, continues to thrive as a pioneer in mobile advertising, with Glance benefiting from its expertise and resources.

As Glance prepares for this new phase of growth, it stands poised to redefine how content is consumed on mobile devices worldwide.

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