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Nigerian, Russian firms sign MoU on technology

The Punch logo The Punch 6 days ago The Punch

A Nigerian company, iStrategic Transparent Solutions Ltd, has signed a working agreement with a major exporter of Russian technology, Russian Software Trade House, for collaborative efforts towards the deployment of technology to fight money laundering, corruption and insecurity.

The companies would develop computer software in the areas of safety, security, cybercrime and other allied services for use by public and private institutions in Nigeria and other West African countries.

Basil Abia, Organiser of New Nigeria Movement prepares for a state of the union meeting with other Nigerians via Clubhouse application in Abuja on May 31, 2021. - What does it mean to be Nigerian? How to define identity in a country of 210 million inhabitants, once colonised by the Portuguese then the British, with more than 500 native languages, hundreds of ethnicities spread across 36 states? These are the questions debated each day by the 45,000 subscribers to "The New Nigerian" group on the fast-growing social media audio platform Clubhouse, where members join chatrooms for live discussions on everything from heartbreak to politics. (Photo by Kola Sulaimon / AFP) (Photo by KOLA SULAIMON/AFP via Getty Images) Basil Abia, Organiser of New Nigeria Movement prepares for a state of the union meeting with other Nigerians via Clubhouse application in Abuja on May 31, 2021. - What does it mean to be Nigerian? How to define identity in a country of 210 million inhabitants, once colonised by the Portuguese then the British, with more than 500 native languages, hundreds of ethnicities spread across 36 states? These are the questions debated each day by the 45,000 subscribers to "The New Nigerian" group on the fast-growing social media audio platform Clubhouse, where members join chatrooms for live discussions on everything from heartbreak to politics. (Photo by Kola Sulaimon / AFP) (Photo by KOLA SULAIMON/AFP via Getty Images)

This was the highlight of a Memorandum of Understanding signed on behalf of the two companies by the Chief Executive Officer of iStrategic Solutions, Habibu Aliyu, and the President of RSTH, Pavel Maximenko.

The MoU, obtained by The PUNCH in Abuja on Thursday, revealed that the technologies to be developed by the two companies would focus on the “sole purpose of protecting, preventing and deterring the activities of criminals, insurgents and bandits.”

They said the innovative solutions would also help in “the provision of a platform for ease of governance and delivery of government services to the people of Nigeria, the West Africa region and beyond”.

According to the MoU, other areas to be addressed by the solution-based technology infrastructure include detection of corruption, financial crime, money laundering, fraud, illicit financial flows and other financial crimes, digitisation of government services, provision of security equipment, intelligence gathering, provision of central database for policy and training.

Speaking at the signing of the MoU, Maximenko said, “Russia considers it its duty to spread the achievements of the Soviet School of Mathematics and, by extension, Russian IT solutions to countries with which it has historically had and still has friendly relations with.”

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