Paper currency will soo be out of circulation the Central Bank of Nigeria CBN has announced as they urged business men and women to sign into the e-Naira initiative.
Mr Godwin Okafor,the Delta State Branch Controller of CBN, made this on Friday at the popular Ogbogonogo market during the market sensitisation on e-Naira. He urged sales men and women to key into the central bank’s e-Naira policy.
According to him, the e-Naira initiative is fully backed by CBN unlike Bitcoin which has no legal backing from a financial body.
Dr. Aminu Bizi, the consultant of CBN on e-Naira, said Delta was chosen as the second state to sensitize market women on e-Naira after Lagos. He said the use of e-Naira was more effective and charge free unlike ATM and POS and also cannot be easily hacked by fraudsters.
Chief Patrick Ukah Secretary to the State Government, who was represented by the Director of Finance and Account in the office of SSG, Mr. Benson Ojoko, in his remark, the , applauded CBN for e-Naira initiative and added that the state was delighted with CBN programmes, describing e-Naira as a good programme that has placed Nigeria in international finance.