eNaira is Secure, Dependable, But We Expect Minor Challenges – CBN

The Central Bank of Nigeria (CBN) has assured Nigerians that its digital currency, eNaira, is secure and dependable.

Spokesperson of the apex bank, Osita Nwanisobi gave the assurance on Thursday while speaking at the ongoing CBN-Fair in Abakaliki, Ebonyi state.

He said: “The issue of security and dependability of the e-Naira platform is guaranteed. It is guaranteed because the technology uses cryptographic encrypted two factors of authentication. And so, the issue of whether the platform is secured is taken, as it is secured,”

Also Read: ‘Beware of Fake eNaira Social Media Accounts’ — CBN

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“The e-Naira project is a journey; we expect that there are going to be minor challenges in the short-term, and I can tell you where some of these things are coming from.

“The e-Naira platform works with BVN, and if I ask some people if they have email addresses, they would tell me they do not have.”