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Who else thinks this is a very bad business idea?

Two students of Greensprings School, Lagos, Chioma Abone and Emmanuela Ilok, have developed the idea of products that use wearable technology to address the increasing abduction of school children in Nigeria.
The students, while presenting their idea at this year’s Young Tycoon Business Competition, said the plan is to have a security company that will develop two products that keep school students safe by alerting family and friends when they are in a state of emergency.

The duo emerged one of the 28 finalists out of the 7,000 participants from 80 countries that entered for the competition.

Winner of the competition is expected to win $960,000 worth of prizes.


Explaining their business idea, the students said: “The inspiration for our business idea came from insecurity in the country. As students, we are not happy with the news of the constant abduction of fellow students in some parts of Nigeria.

“So, we decided to work on an idea about a company called Paramount Guard, which seeks to offer security services to school students, not only in Nigeria but all over the world. The company plans to introduce AirGuard Wearable, which pairs with the AirGuard App to help students quickly alert family members and friends when in critical situation or a state of emergency.”

Secondary school principal at Greensprings, Anthony campus, Mrs Magdalene Okrikri, expressed happiness at the students’ advancement to the finals, saying with the total number of participants, their emergence as finalists was a great feat.

She said: “This achievement is a testament to Greensprings School’s drive to raise young entrepreneurs. We are indeed very proud of them and I wish them success in the final.”

The Young Tycoon Business Competition is organised by a consortium of the world’s top universities and Silicon Valley entrepreneurs, with the aim of motivating and mentoring aspiring high-school entrepreneurs across the globe.

The competition started in May, and finalists have gone through three rounds, where they submitted their business ideas, developed business plans and defended their pitch decks. The fourth and final round will take place at a later date yet to be announced.

The crypto thief is being offered the role of Chief Security Advisor and a $500,000 reward.
Last week, over $600M in cryptocurrency was stolen in an elaborate digital heist when a hacker exploited a vulnerability in Poly Network, a platform used to make cryptocurrency transactions across different blockchains. If that wasn't a wild enough story, the hacker later returned nearly all of the stolen currency after the illegal transactions were flagged (which made the money nearly impossible to convert to US dollars anyway).

In yet another bizarre twist to this story, Poly Network announced today in a Medium post that it has maintained daily contact with the hacker referred to as Mr White Hat. Poly Network claims that the hacker shared his concerns about "Poly Network’s security and overall development strategy" in the post.

Poly Network then offered Mr. White Hat a job as Chief Security Advisor of Poly Network. It's not uncommon for hackers to make living testing out the digital defense of large companies for a fee. The idea is: Who better to run your security than the person who robbed you?

"We are also counting on more experts like Mr. White Hat to be involved in the future development of Poly Network since we believe that we share the vision to build a secure and robust distributed system," the company wrote. "Also, to extend our thanks and encourage Mr. White Hat to continue contributing to security advancement in the blockchain world together with Poly Network, we cordially invite Mr. White Hat to be the Chief Security Advisor of Poly Network."

Poly Network also promised Mr. White Hat a $500,000 bug bounty for discovering the exploit that resulted in the massive theft, although the hacker initially turned it down. Poly Network still sent him the $500K for him to do as he pleases. The company also stated that it is not holding Mr. White Hat legally responsible because it's "confident that Mr. White Hat will promptly return full control of the assets to Poly Network and its users."

Though his name is Mr. White Hat, some users have found it hard to believe that the theft was an unexpected security test and not simply a messy heist that both sides are now trying to recover from.

And if you're still keeping count, as of Friday, $340M was returned along with $238M to a multi-signature wallet with a remainder of $33M that's currently waiting to be unfrozen. Poly Network also took this moment to turn lemons into lemonade and announce the launch of a bug bounty program. Discovering vulnerabilities on their platform can score you up to $100,000.

Link: https://www.pcgamer.com/the-hacker-who-stole-and-gave-back-dollar600m-has-been-offered-a-job-and-reward-from-the-company-he-stole-from/

I just don't know why I feel like these white people know what they are doing... something just makes me feel suspicious about all these fires and floods here and there..I feel like the government know what they are doing. It's like they want use these climate change nonsenses to come up with another nonsense I just can't figure out yet...

They should let them be abeg...is it now a crime to steal from careless people? The man is just trying to put food on his table to me..

tolumizzy:
God when I go get job after graduation since 2017?

what did u study sir?

Michelle55:
Damn! What do ladies truly see in their fellow women?
Rip to them all, the man should have simply walked away for his sanity sake.

shut up Ur stupid mouth there u idiot!!! U think it's dat easy abi? Ingrate like you... hypocrites everywhere..he should have walked away? As if you wouldn't have done worse....

I can help you get Canadian study visa, and you'll move within 3 months.....for as little as 3million naira ( for all expenses)

I have....as a matter of fact, I was M.D there for almost 5 years...but I quit September last year.. any issue?

You will not achieve your destiny.

The Senate on Thursday started the process of establishing rehabilitation centers that would fully reintegrate repentant Boko Haram terrorists into the Nigerian society, in the south eastern part of Nigeria...

The bill to establish the new centers passed first reading today at plenary.

The proposed centers, according to the proposed legislation, would provide education and jobs for insurgents and a new life away from the environment and life of insurgency they are used to..

This season of big brother naija is just some now... The show just boring this season... first it was to introduce a stupid and totally unnecessary wild card twist to the show, before u know, one mugu said he wanted to leave the show voluntarily, then they decided to add four new house mates nearly two weeks into the show, now this one has been withdrawn from the show....nna ehh...

Areola14:
Between unilag and lasu....? Unilag is ok! I have lived in bariga and I know a lot about unilag... Unilag is a federal school, cheap in terms of school fees. Making friends both in and outside campus is ok.. u will meet lot of ur type there... Accomodations, you can get a cheap house around bariga, a room at 5k a month. Bariga is some how rough both not all the area. From ilaje to pako to chemist.. they are cool place and dominated by students. To transport ur self from bariga to unilag is #100. And it's trek able when you are down financially. Getting house around akoka and yaba is cost but the environment is ok.
Lasu is a state school... Very costly and rugged environment... I have lot of friends that graduated there... Ojo area is cheap but criminals stays there and occultic boys... There kidnappers are many... With this little information, I believe it will help to some extent.

thanks..

Hello guys..so, I would be going for a change of institution on my jamb portal soon(in a matter of hours),but I find it hard to choose between UNILAG and LASU...I just need advice on which to go for. The following need to be put into consideration...

1) Environment- this is the most important of all because I plan on Living outside the school premises, so I don't want a place littered with criminals and crime..

2) socialisation- I'm not a social person at all. in fact, I am a cold blooded introvert. So I want a place where I can make good friends easily and also explore outside my comfort zone..

3) availability of affordable housing- i also need a place that offers affordable rent outside school premises.....


So, my fellow nairalanders, please help a brother out...

Hello guys..so, I would be going for a change of institution on my jamb portal soon(in a matter of hours),but I find it hard to choose between UNILAG and LASU...I just need advice on which to go for. The following need to be put into consideration...

1) Environment- this is the most important of all because I plan on Living outside the school premises, so I don't want a place littered with criminals and crime..

2) socialisation- I'm not a social person at all. in fact, I am a cold blooded introvert. So I want a place where I can make good friends easily and also explore outside my comfort zone..

3) availability of affordable housing- i also need a place that offers affordable rent outside school premises.....


So, my fellow nairalanders, please help a brother out...

Mods please, help me push this to the front page, so I can get more opinions. Thanks.