The apex bank said the idea became necessary as the country was gradually marching towards the alternative payments policy regime.
The apex bank insisted it received President Buhari’s approval to redesign, produce and circulate new naira notes.
“Thus, there is the urgent need for a conscientious effort to diversify to other non-oil sectors.”
Mr Emefiele described eNaira as a strategic initiative, in accordance with the bank’s mandate to preserve monetary and financial stability.
The eNaira is a CBN digital currency issued and regulated by the apex bank and denominated in naira.
“…eNaira wallets may be perceived, or even effectively function, as a deposit at the central bank, which may reduce demand for deposits in commercial banks.”
“You are the greatest security for yourselves because when you are sensitised, you will be able to identify them the moment you see it.”
“The impostor handle and fraudulent persons have been posting messages related to the eNaira with the intent of wooing unsuspecting Nigerians.”
CBN warned users of the eNaira website to defend it against any “action, cause, claim (and) damage” in the event they experience losses.
The CBN said, “the eNaira and Naira will have the same value and will always be exchanged at 1 naira to 1 e-Naira.”
