The Central Bank of Nigeria CBN has said that paper currency
will soon be out of circulation, urging market men and women to sign into the
e-Naira.
The Delta State Branch Controller of CBN, Mr Godwin Okafor,
stated this on Friday at the popular Ogbogonogo market during the market
sensitisation on e-Naira.
He urged traders to key into the central bank’s e-Naira
policy.
He said, “We here at the market today to sensitise the
market people on the use of e-Naira. It is fully backed by CBN unlike Bitcoin
has no legal backing.”
The consultant of CBN on e-Naira, Dr. Aminu Bizi, said Delta
was chosen as the second state to sensitize market women on e-Naira after
Lagos.
“We are here to sensitise market men and women shop to shop
on the use of e-Naira. CBN has gone behind ATM, POS, therefore, we are going to
meet the Okada/tricycle union on this policy.
“Paper currency will soon be out of circulation because CBN
spent money to print money and people abuse the currency in the market,
spraying at the occasion, payment of Okada/tricycle and others and CBN is
losing”
He said the use of e-Naira was effective, charges free
unlike ATM and POS and cannot be hacked by fraudsters.
In his remark, the Secretary to the State Government, Chief
Patrick Ukah, applauded CBN for e-Naira initiative.
Ukah who was represented by the Director of Finance and
Account in the office of SSG, Mr. Benson Ojoko, said the state was delighted
with CBN programmes, describing e-Naira as a laudable programme that has placed
Nigeria in international finance.
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