After 48hrs, eNaira app removed from Google Store amid criticism - Punch

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Eniola Akinkuotu, Nike Popoola, Temitayo Jaiyeola and Amarachi Orjiude


The Central Bank of Nigeria says it will not bear any liability for any interruption, loss of revenue or loss of services arising from the use of the eNaira website.


This is just as the eNaira speed wallet disappeared from the Google Play Store on Wednesday after over 100,000 users had downloaded it.


The development came about 48 hours after the eNaira app was launched by the President, Major General Muhammadu Buhari, at the State House, Abuja.


Vice President Yemi Osinbajo; the Governor of the CBN, Mr. Godwin Emefiele, and top officials of the Federal Government were in attendance.


In his address, the President said the e-currency would help increase remittances, foster cross-border trade, improve financial inclusion, make monetary policy more effective, and enable the government to send direct payments to citizens eligible for specific welfare programmes.


According to him, the digital currency will help move many more people and businesses from the informal into the formal sector, thereby increasing the country’s tax base.


On Tuesday, over 100,000 downloads were recorded on the eNaira app amid negative reviews and low rating.



 

On Wednesday, barely about 48 hours after the launch, the eNaira wallet was removed from the Google Play Store.


The spokesperson for the CBN, Mr. Osita Nwanisobi, said the development was to enable the app to be upgraded.


“There is an upgrade going at the moment by Google; try in the next few hours,” Nwanisobi told one of our correspondents on Wednesday when asked to explain why the app could not be found on the play store.


We won’t bear liability for losses caused by e-currency website, CBN warns

On the CBN’s eNaira website, www.enaira.gov.ng, the apex bank warned users that it would not be held liable for the loss or corruption of data.


The limitation of liability read, “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, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with the use of the eNaira website.”


Speaking with The PUNCH on Wednesday, Lagos-based lawyer, Inibehe Effiong, said the CBN’s attempt to shift liability was illegal.


Effiong said, “The limitation of liability clause is obnoxious and unnecessarily draconian. The manner in which it is drafted is suggestive of the fact that the CBN has no confidence in the durability, credibility and reliability of the eNaira website. If commercial banks are to be held liable for losses incurred by their customers, there’s no reason by the CBN should be accorded absolute exemption from liability.

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