Colossus Gists

All is not well in the IT Department of Covenant University, Otta, our source can authoritatively report.

A guru in information technology (IT) attached to that department is in the police net after he was found to have devised a means by which he diverted funds meant for the university into his private pocket. By the time the university woke up to his antics, he had succeeded in siphoning a whopping N180 million!

Before the bubble burst, not a few people were said to have wondered how the loved and trusted official was managing to get the funds with which he maintained a lifestyle the Chancellor of the university and Presiding Bishop of Living Faith Church Worldwide, Bishop David Oyedepo, would call “riotous living.”

He was said to have bought some flashy cars which he kept in a mansion he bought with stolen funds in highbrow Lekki part of Lagos, even though he had a house in the school where he lived with his wife.

Every Friday, he would cruise with his wife to the posh house in Lekki to enjoy the weekend. But what really gave him away was the habit of flying back to his duty post in Otta in a chopper that landed at the premises of The Bells University, which is only a stone’s throw from Covenant University.

Tongues began to wag from onlookers who started to wonder who the big boy could be. Word about his lifestyle soon got to the authorities of Covenant University who decided to put him under surveillance and realized that he had stolen the university’s money amounting to more than N180 million. The funds were mainly school fees paid by students.

The fees were paid into the accounts of the university in designated banks but the disingenuous inventor found a means of diverting the money into his private account. The discovery alarmed the authorities of the school. Oyedepo, sources said, was flabbergasted.

The IT guru was promptly reported to the police, who arrested him. Covenant University authorities expected the police to fast track his prosecution but that was not forthcoming.

Words got to the university that the suspected fraudster was greasing the palms of the police. Again alarmed by the development, the authorities sidelined the police and handed the suspect to the Economic and Financial Crimes Commission (EFCC).

Upon interrogation, the suspect admitted stealing the said sum and even agreed to refund N56 million in cash immediately. Sentry will keep you posted on further developments.

Source

TheNation

Campus Blockchain Hackathon introduced about 1000 Students to Blockchain Technology at Covenant University

Think of a world with little or no bureaucracy, one where your information is yours and you can get paid for doing everyday stuff. It seems too good to be true, but it is very possible with blockchain technology.

The blockchain is gradually taking over the world, and Nigeria needs to start building the capacity to work with and support this. In the same vein, the Nigeria Blockchain Alliance have organized the Campus Blockchain Hackathon, supported by Hebron Start-up Lab, EOS University Project, Kora Network, and LUNO, starting with the best campus in Nigeria, Covenant University.

From Left to Right: Ekereke Precious(ONO Volunteer), Mr Efosa Uwoghiren(Head of Hebron Start-up labs), Mr Chinedu(Markering head at Luno in Nigeira), Mrs Owenize Odia, Country Manager for Luno Nigeria, Kayode Babarinde (CDIN Fellow), Kaka Toritseju/Tojukaka (Founder of the EOS University Project)

Covenant University Campus Blockchain Hackathon is the first Blockchain Hackathon in Nigeria. Participants stand the chance to win N100,000 and other EOS based tokens by providing the best solutions to problems in Agriculture, Governance, and Financial Services.

Participants also stand the chance to win a full-time internship at Kora Network open to the best 3 participants. All participants get to become the pioneer members of the upcoming Blockchain Incubation Hub in partnership with Hebron Start-up Lab.

Mr Chimezie Chuta, Founder of Blockchain Nigeria User Group

The events surrounding the Hackathon kicked off on October 3, 2018, with Blockchain Symposium at a Lecture Theater, and then a more profound lecture about blockchain at Hebron Start-up Lab, Covenant University.

Mrs Owenize Odia, Country Manager for Luno Nigeria

The Symposium Keynote was made by Mr. Chimeze Chuta, Founder, Blockchain Nigeria User Group. The Nigerian Lead for Luno Mrs Owen gave a presentation on the “basics of blockchain technology”.

Toritseju Kaka(Tojukaka) Co-founder of the EOS University Project

ONO Super Partner and Co-founder of the EOS University Project Kaka Toritseju(Tojukaka) gave a presentation on “the importance of decentralized applications”. He used ONO a decentralized social network based on EOS and Carmel.io a tech education platform also based on EOS as case studies.

Kayode Babarinde, Program Coordinator, Campus Blockchain Hackathon, and CDIN Fellow

During the Campus Blockchain Hackathon the students got training and mentorship from blockchain developers and on the grand finale which was day four, they pitch their MVPs before blockchain industry experts.

More photos from the event below