Godwin Emefiele, Governor of Central Bank of Nigeria,

CBN postpones eNaira official launch

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Central Bank of Nigeria (CBN) has postponed the much-anticipated launch of Nigeria’s Central Bank Digital Currency dubbed; eNaira.

Godwin Emefiele, Governor of Central Bank of Nigeria,

CBN’s Director of Corporate Communications, Mr Osita Nwanisobi, who announced this in Abuja, Friday, stated that the bank took the decision to postpone the launch, which had been initially planned to coincide with the Independence Day anniversary, (October 1) in consideration of other activities lined up to commemorate the day.

“The CBN took the decision to postpone the launch, which had been initially planned to coincide with the Independence anniversary, in deference to the mood of national rededication to the collective dream of One Nigeria,” Nwanisobi noted in a statement.

Assuring that there is no cause for concern, he stated that the CBN and other partners are dedicated to ensuring a smooth process that benefits customers in general, particularly those in rural regions and the unbanked.

The postponement also comes in the wake of a cease and desist notification sent to the CBN concerning the use of the name “eNaira.”

According to a document titled “Infringement of Trademark & Violation of Corporate Name: Cease and Desist Notification to the Central Bank of Nigeria,” the  notice was signed by Olakunle Agbebi Esq for Olakunle Agbebi & Co.

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