{"id":185684,"date":"2022-05-06T11:59:54","date_gmt":"2022-05-06T10:59:54","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=185684"},"modified":"2022-05-06T12:04:28","modified_gmt":"2022-05-06T11:04:28","slug":"cbn-to-traders-embrace-enaira-it-gives-no-room-for-fraud","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/05\/06\/cbn-to-traders-embrace-enaira-it-gives-no-room-for-fraud\/","title":{"rendered":"CBN to traders: Embrace eNaira, it gives no room for fraud"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has called on market women and leaders to embrace eNaira, the country&#8217;s digital currency.<\/p>\n<p>This was stated on Thursday by\u00a0<span data-preserver-spaces=\"true\">Kotor Godfrey, branch controller, CBN Lagos during a sensitisation programme in collaboration with Bizi Mobile and Oshodi market leaders on the need for the eNaira adoption.<\/span><\/p>\n<p>Godfery said eNaira is easy to access for everyone and gives no room for fraud or counterfeit currencies.<\/p>\n<p><span data-preserver-spaces=\"true\">He added that the digital currency is gaining traction with the projection of 10,000 downloads in the second quarter of 2022 from 7,300 recorded in the first quarter of the year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said it was necessary for business owners, market men and women to utilise technology through the <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/27\/enaira-downloads-almost-600000-in-less-than-4-weeks-emefiele\/\">eNaira<\/a> to enjoy its benefits.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIt was designed with you in mind and there is now enough room for anyone to enjoy cheap, secure and efficient banking services. With e-naira, there is no room for fraud or counterfeit,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe give you the assurance that it is very secure and that you can do business without receiving counterfeit currency. It is designed in Nigeria and can be received anywhere in the world.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAvailable data showed that consumer wallet downloads have so far been the most downloaded over the merchant wallet, but transactions between Person-to-Bank and Bank-to-Person have constituted about 90 per cent on the platform.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Godfrey further said people have devices that are less utilised, adding that with their phones transactions can be carried out from anywhere.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On his part, Obinna Ume, secretary of the Oshodi market traders association, lauded the CBN for the initiative, adding that if the eNaira is well adopted, it will boost their trades in terms of seamless transactions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe eNaira will eliminate the challenge of failed transactions or situations where business hours are wasted because monies are transferred with evidence of debit alerts, but the receiver could not see credit alerts which keep both parties waiting,\u201d Ume said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Aminu Bizi, coordinator, Bizi Mobile, said the sensitisation aims to employ market leaders to bring their colleagues for wider adoption.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He added that the sensitisation exercise would continue in other markets in<\/span> Lagos.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has called on market women and leaders to embrace eNaira, the country&#8217;s digital currency. This was stated on Thursday by\u00a0Kotor Godfrey, branch controller, CBN Lagos during a sensitisation programme in collaboration with Bizi Mobile and Oshodi market leaders on the need for the eNaira adoption. Godfery said eNaira is [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":185707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[658,18360,37051,37052],"class_list":["post-185684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cbn","tag-enaira","tag-kotor-godfrey","tag-oshodi-market-women"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBN to traders: Embrace eNaira, it gives no room for fraud<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has called on market women and leaders to embrace eNaira, the country&#039;s digital currency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/05\/06\/cbn-to-traders-embrace-enaira-it-gives-no-room-for-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN to traders: Embrace eNaira, it gives no room for fraud\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) has called on market women and leaders to embrace eNaira, the country&#039;s digital currency. This was stated on Thursday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/05\/06\/cbn-to-traders-embrace-enaira-it-gives-no-room-for-fraud\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-06T10:59:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-06T11:04:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/05\/adewale_chocomilo\/2022\/05\/06\/enaira-CBN5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"654\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" 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