CBN postpones launch of eNaira amidst legal issues

e-naira
Please check your E-mail inbox or spam to confirm.

The Central Bank of Nigeria says it has postponed the unveiling of the country’s first digital currency, eNaira, citing key activities lined up for Nigeria’s independence anniversary.

JOIN US FOR MORE ON:
or

The apex bank had informed citizens to download the eNaira app on their mobile gadgets from October 1, 2021.

But Osita Nwasinobi, spokesperson of the CBN, in a statement on Thursday, said the suspension of the launch was in deference to the mood of national rededication to the collective dream of One Nigeria.

SEE ALSO: How to Get the Nigeria eNaira, eWallet and App

This is coming a day after ENaira Payment Solutions Limited instituted a suit before a federal high court against the Central Bank of Nigeria over the name “eNaira.”

The firm, through its lawyers, accused the CBN of trademark infringementnotifying it to desist from using the proposed name.

“Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency, known as eNaira, the Spokesman of the Central bank of Nigeria, Mr. Osita Nwanisobi, says the planned unveiling on October 1, 2021, has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary,” the statement reads.

SEE ALSO: How to Become an eNaira Merchant in Nigeria and Start making money

Nwasinobi assured that there is no cause for alarm, saying the CBN and other partners were working round the clock to ensure a seamless process that will be for the “overall benefit of the customer, particularly those in the rural areas and the unbanked population”.

He stressed that the digital currency would ease peer-to-peer transfer, pay for goods and services at selected merchants once launched.

The CBN director added that the apex bank had put a structure in place to promptly address any issue that might arise from the pilot implementation of the eNaira.

No new date has been announced for the launch.

Source: The Cable.

NOW FREE: Telegram SuperGroup Sales Formula: How to use Telegram to Sell Digital Courses



DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
Easter Hunt Sale
Easter Sale
ACEworld Publishers

About the Author: ACEworld Publishers

At ACEworld Publishers, we publish Latest Opportunities, Jobs & Free Online Courses. Join us on Twitter .

Got a question/Suggestion? Let's talk!

LATEST OPPORTUNITIES:

🕛 Sep 28, 2022
ECOWAS Graduate Internship Program 2022
in Internships / Graduate Trainee Progs. | for Africans

🕛 Sep 30, 2022
2022 CFI Naija in Lights Training for skills Program For Nigerians photojournalists
in Trainings and Workshops | for Journalists

🕛 Sep 30, 2022
2022 Commonwealth Professional Fellowships for Developing Countries
in Fellowships | for Professionals

🕛 Sep 30, 2022
2023 KAS/SAIIA Masters Scholarship for African Students
in Masters Programs | for Africans

🕛 Sep 30, 2022
African Union Summit Essay Contest 2022
in Essay Contests & Prizes | for Africans

🕛 Sep 30, 2022
Airtel Nigeria Leadership Program for Young Nigerian Graduates 2022
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Sep 30, 2022
Allianz 2022 Climate Risk Award for Researchers (up to €7,000)
in Awards & Prizes | for Post Graduates

🕛 Sep 30, 2022
Andersen Nigeria Graduate Trainee Programme 2022
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Sep 30, 2022
Apply: 2023 Sydney Scholars Awards for Undergraduate International Students
in Scholarships | for Undergraduates

🕛 Sep 30, 2022
British Council IELTS Prize 2022 (Win £3,000)
in Awards & Prizes | for Everyone

1 2 3 4 5 6 7 8 9 10 11 12