Connect with us

Latest News

Outrage as Nigerians discover CBN plagiaries American equipment manufacturer for eNaira policy

There has been outrage by Nigerians online as the Central Bank of Nigeria (CBN) was caught plagiarising the policy and terms of use of an American wireless equipment supplier as its own policy on the eNaira website.

Published

on

Outrage as Nigerians discovered CBN plagiaries American equipment manufacturer for eNaira policy

There has been outrage by Nigerians online as the Central Bank of Nigeria (CBN) was caught plagiarising the policy and terms of use of an American wireless equipment supplier as its own policy on the eNaira website.

No doubt, Nigeria’s digital currency, which was marketed to boost cross-border trade and other financial activities, was launched on October 25 by President Muhammadu Buhari amidst a televised fanfare, after its botched unveiling on the nation’s Independence Day on October 1.

Recall that during its launch,  Governor Godwin Emefiele had said that extensive research had commenced on the adoption of the digital currency as far back as 2017.

However, a recent check on the eNaira website by Peoples Gazette exposed how Nigeria digital currency policy was lifted from JLG’s website, despite having four years to plan.

“In no event will licensor or its officers, directors, employees, agents, representatives, affiliates or contractors (collectively, the “released parties”), be liable to the licensee or any third party for any use, interruption, delay, or inability to use the software’ lost revenues or profits; delays, interruption or loss of services, business, or goodwill; loss or corruption of data; loss resulting from the system or system service failure, malfunction, or shutdown; failure to accurately transfer, read or transmit information,” the document read on JLG’s website.

A thorough check indicated that a part of the limitation of liability clause on CBN’s website was lifted verbatim from U.S.-based JLG, a wireless innovation company based in McConnellsburg, about 70 kilometres southwest of Harrisburg.

“In no event will the CBN or its directors, officers, employees, independent contractors, affiliates or agents, or any of its or their respective service providers, be liable to you or any third party for any use, interruption, delay or inability to use the eNaira website, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer…” eNaira’s policy read.

See reaction below…

 

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *