FUTA Team Fix Fraud AI Clinches Third Place at 2025 WEMA Bank Hackathon, Wins ₦10 Million

The Federal University of Technology, Akure (FUTA) has once again affirmed its growing reputation for innovation and technological excellence as its student-led team, Fix Fraud AI, emerged third place at the 2025 WEMA Bank Hackathon Competition, securing a cash prize of ₦10 million.

The annual WEMA Bank–sponsored hackathon, one of Nigeria’s most competitive fintech and innovation platforms, brings together top talents from universities and tech hubs across the country to develop practical, technology-driven solutions to real-world financial and security challenges. FUTA’s Fix Fraud AI distinguished itself with an intelligent solution focused on fraud detection and prevention, earning high marks from judges for originality, scalability, and real-world applicability.

This latest achievement extends FUTA’s consistent presence on the winners’ podium at the WEMA Bank Hackathon, reinforcing the institution’s standing as a leading centre for technology-driven problem solving in Nigeria’s higher education space.

The ₦10 million prize further underscores the commercial and social relevance of the team’s solution, while highlighting the increasing role of artificial intelligence in safeguarding financial systems.

University stakeholders and the wider academic community have welcomed the result as a testament to FUTA’s commitment to innovation, applied research, and the practical training of students to meet industry demands.

With this performance, FUTA continues to position itself as a key contributor to Nigeria’s digital economy and a reliable pipeline for future-ready tech talent.