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NLNG Prize For Science: Don Bags $100,000 For Respiratory Technologies For New-Borns
The energy giant, Nigeria Liquified Natural Gas Company has awarded its prize for science to Prof Amadi The panel of judges said Amadi’s work had won the Nigeria LNG Ltd. (NLNG) 100,000 dollars prize.
The Chairperson of the Advisory Board for the Prize, Prof. Barth Nnaji, announced the judges’ verdict based on the 2023 theme “Innovation for Enhancement of Healthcare Therapy” at a press conference organised by NLNG in Lagos.
Nnaji said Amadi’s work had not only significantly advanced neonatal care in Nigeria, but further improved access and lowered the cost of neonatal care, by causing reduction in the market prices of the competing and existing devices.
“The entry showcased three technological innovations aimed at saving the lives of neonates by making the delivery of oxygen cheap and easy.
“The first innovation is the non-invasive Neonatal Ventilator, a key invention, the Bubble Polite for continuous positive airway pressure (CPAP) ventilation of very low-birth-weight neonates.
“This is a feasible alternative to the readily available improvised bubble CPAP (IBCPAP) in cost-constrained settings,” he said.
Nnaji said the second innovations was the Oxygen Delivery Blender System, which allowed safe delivery of oxygen without the danger of toxicity.
The professor said the third one was the Oxygen Splitter System, which allowed the use of a shared source of oxygen to many neonates at a time, in situations where piped oxygen was not available.
He added that the devices were powered by solar energy.
Nnaji explained that the devices had been tried by practitioners at various hospitals across Nigeria, adding that there were reports from those hospitals that the innovation, PoliteCPAP, was an improvement on the existing device.
He said the practitioners said it provided access to ventilators and oxygen delivery simultaneously to neonates at a reduced cost of N750,000 as against N6.5 million for the existing device with comparable and better efficiency.
Nnaji said Amadi was a visiting professor of Medical Engineering and Technology at Imperial College London with a special interest in the development of affordable medical systems.
He said prior to his work at Imperial College, Amadi was a professor of Medical Technology at Imo State University.
Nnaji added that his career spanned three decades, cutting across engineering in healthcare, orthopaedics and neonatology research.
In his speech, Mr Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development, said the decision of the judges was a testament to the power of collaboration between the private sector, academia and the broader scientific community.
He noted that the outcome emphasised the need for collective responsibility to nurture and support innovative solutions capable of transforming the country.
Odeh added that it aligned with NLNG’s vision of “helping to build a better Nigeria” where ground-breaking ideas flourished, and every life was valued and protected.
“We are honoured and deeply moved by the judges’ decision to recognise the ground-breaking innovation in respiratory technology that has been awarded the Nigeria Prize for Science in 2023.
“This invention not only represents a remarkable leap forward in medical science but also serves as a beacon of hope for the most vulnerable among us, our neonates.
“It reminds us that true progress is measured not only in scientific achievement but in the lives it touches and saves,” Odeh said.
He said today they celebrate the impact that innovation could have in enhancing healthcare therapy and safeguarding the futures of countless new-borns.
Odeh said one of NLNG ‘s mission was to be part of a legacy that put saving lives at the forefront of scientific pursuit.
The Tide sourcereports that the decision on the winning entry was reached by a panel of judges, led by Joseph Ahaneku, a Professor of Chemical Pathology at Nnamdi Azikiwe University, Awka, Anambra State.
Other panel members include: Olaitan Alice Soyannwo, a professor of Anaesthesia at the University of Ibadan and Abdullahi Abba, a Professor of Medicine and Pulmonology at Ahmadu Bello University.
On the prize’s Advisory Board, in addition to Nnaji, are Chief Dr Nike Akande, a two-time minister and former President of the Lagos Chamber of Comm
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EFCC Indicts Banks, Fintechs In N162bn Scams
The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank, six Fintechs and some microfinance banks in major financial scams by allowing fraudsters to launder huge sums of money.
Director of public Affairs of the Commission, Mr Wilson Uwujaren, made this known at a press briefing at the commission’s headquarters in Abuja, yesterday.
According to him, the compromised institutions allegedly allowed cryptocurrency transactions worth N162 billion to pass through without proper due diligence within the 2024/2025 financial year.
He said that the financial institutions clearly compromised banking procedures and allowed the fraudsters to safely change their ill-gotten gains into digital assets and move them to safe destinations.
“A total sum of N18.1 billion was moved through the financial system without due diligence of customers by the banks.
“It is worrisome that investigations by the commission showed that cryptocurrency transactions to the tune of N162 billion passed through a new generation bank without any due diligence.
“Investigations showed that a single customer maintained 960 accounts in another new bank and all the accounts were used for fraudulent purposes.
“That is bad news but the good news is that following our intervention the commission has been able to recover N33.62 million, which has been returned to some of the victims.”
He explained that the scams were in two categories, adding that the first was a syndicate of fraudsters that employed an airline discount scheme to lure their victims.
He said that they advertised a discount system for the purchase of flight tickets of a particular foreign carrier.
“The payment module is designed in such a way that the victims’ payment is actually made into the account of the airline.
“After payment is made the passenger’s entire funds in his bank account are emptied.
“Investigations showed that more than 700 victims have been scammed so far, with a loss of N651 million,” he said.
According to him, investigations show that the scheme is being masterminded by a foreign national; the commission has so far recovered and released N33 million to victims of the fraud.
He said that another scheme involved a company named Fred and Farid Investment Limited, simply called FF investment, which lured Nigerians into a bogus investment arrangement.
“More than 200, 000 victims have been defrauded in this regard. A total sum of N18 billion was raked in through nine companies offering diverse investment packages.
“The companies are: Credio Banco Limited; Deliberty Rock Limited; Liam Chumeks Global Service; Ngwuoke Daniels Technology; and Icons Autos and Import Merchant.
“Others are : Newpace Technology Services Limited, Primepath Ways Ventures Limited, Kaka Synergy Network Limited and Sunlight Tech Hub Services Limited.”
He said that foreign nationals were behind the schemes, while there are three Nigerian accomplices who have been arrested and charged to court.
He said that the masterminds were on the run and efforts are being made to bring them to book.
“The Commission is calling on regulatory bodies to bring financial institutions to compulsory compliance with regulations in the areas of Know Your Customers (KYC), Customer Due Diligence (CDD), Suspicious Transaction Reports (STRs) and others.
“Deposit Money Banks, Fintechs, Micro Finance Banks found to be aiding and abetting fraudsters should be suspended and referred to the EFCC for thorough investigation and possible prosecution.
“Negligence and failure to monitor suspicious and structured transactions by banks should no longer be allowed,” he said.
While cautioning members of the public to be wary of these actors, he said that the EFCC would continue its works against money laundering by fraudulent actors.
Uwujaren urged financial institutions to firm up their operational dynamics and save the nation leakages and compromises bleeding the economy.
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