The Central Bank of Nigeria,says its e-Naira project is secure and dependable.
The Director of Corporate Communications, Mr Osita Nwanisobi, who disclosed this at the CBN-Fair in Abakaliki ,explained that the security and dependability of the e-Naira stem from the fact that it uses cryptographic technologies encrypted with two factors for authentication.
He observed that the new digital financial project might pose some challenges to Nigerians in the short term because it works with Bank Verification Numbers.
He added: “The issue of security and dependability of the e-Naira platform is guaranteed. It is guaranteed because the technology uses cryptographic encrypted two factors of authentication. And so, the issue of whether the platform is secured is taken, as it is secured.
“The e-Naira project is a journey; we expect that there are going to be minor challenges in the short-term and I can tell you where some of these things are coming from. The e-Naira platform works with BVN and if I ask some people if they have email addresses, they would tell me they do not have.”
