CBN Caught For Plagiarising eNaira Policy Document From American Company

The Central Bank of Nigeria, CBN has been busted for plagiarising the policy and terms of use of an American company as its own policy on the eNaira website.

Infoexpert24 reported that eNaira app was removed from Google Play Store barely 2 days after it was launched by the Central Bank of Nigeria.

READ ALSO: eNaira App Removed From Google Play Store – See Reason

During eNaira launch, Governor Godwin Emefiele had said that extensive research had commenced on the adoption of digital currency as far back as 2017. Mr. Buhari touted the policy as the first in Africa and nudged his aides to milk its novel attributes for scarce public relations glory.

According to a report by  Peoples Gazette, checks on the eNaira website have exposed how eNaira policy was lifted from JLG’s website.

“In no event will licensor or its officers, directors, employees, agents, representatives, affiliates or contractors (collectively, the “released parties”), be liable to 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.

Naira Losses To U.S Dollar As Foreign Reserves Hit 3-Year High

A thorough check indicated that a part of the limitation of liability clause on CBN’s website was copied word for word from U.S.-based JLG, a wireless innovation company based in McConnellsburg, about 70 kilometers southwest of Harrisburg as seen below:

“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.

A spokesman for the CBN declined repeated requests seeking comments on the bank’s conduct.

Like we all know,