World Bank Introduces Blockchain System for Transparency in Nigeria

The World Bank has launched FundsChain, a blockchain-driven system in Nigeria to improve transparency and management of donor funds for projects, as part of efforts to combat financial leakages. The initiative involves key figures like Bawa Mokwa and Dr. Shamseldeen Babatunde Ogunjimi from the OAGF.

The system aims to streamline financial processes and prevent fund mismanagement. The rollout of FundsChain signifies a new era in financial management and accountability in Nigeria.