- The Central Bank of Nigeria has finally explained why the e-naira wallet disappeared from the google play store
- The CBN said it is currently conducting some upgrades on the newly launched e-naira wallet app
- According to the apex bank, Nigerians also contributed to the glitches that led to the disappearance of the app on the store
Following the outrage over the sudden disappearance of the newly launched e-naira from the google play store, the Central bank of Nigeria (CBN) has explained what went wrong.
The Nation reports that the CBN said that the disappearance of the much-anticipated e-naira wallet is temporary.
Speaking at the CBN Fair for the southeast geo-political zone in Abakaliki, Ebonyi states capital city, the director of corporate communications for CBN, Osita Nwabisobi, said the app is currently undergoing an important upgrade.
Disappearance caused by glitches and many Nigerians
Nwanisobi said this important upgrade is aimed at tackling some glitches noticed by the federal government since the launch of the e-naira wallet.
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He said that the e-naira wallet app is expected to be back on the play store today, Thursday, October 28, after the upgrade.
Nwanisobi also assured that the app is well secured because the federal government has ensured that it relied on encryption technology with a two-factor authentification verification process for the app.
He said the verification process would make it difficult for the app's security to be bridged.
In another breath, Nwanisobi accused Nigerians of also being responsible for the disappearance of the app on the play store
He said many Nigerians contributed to the glitches by their inability to input their correct details while signing up on the app.
Meanwhile, Legit.ng previously reported that that President Muhammadu Buhari had launched the e-naira wallet at the Presidential Villa.
The wallet was launched by the president in the company of the governor of CBN and other public officials on Monday, October 25.
How the e-naira wallet disappeared 48 hours after it was launched
In addition, the Nigerian government had also issued a warning to all Nigerians over the use of the newly launched digital money.
The CBN in its warning said it cannot be held liable should users suffer a loss of data or breach of security while using the platform.
According to the apex bank, it shall not be joined as a party in any lawsuit that may arise should users encounter losses using the digital currency.