CBN: We will not be liable for any loss resulting from e-Naira transactions

CBN: We will not be liable for any loss resulting from e-Naira transactions

The Central Bank of Nigeria (CBN) has revealed on Thursday, October 28, that it will not be held liable for any loss; whether arising from, or in connection with the use of the e-Naira website.

This warning was contained in the information displayed on the CBN eNaira website.

A glance at the CBN’s limitation on liability reads, “In no event will the CBN or its directors, officers, employees, independent contractors, affiliates or agents, or any of its or their respective service providers, be liable to you or any third party for any use, interruption, delay or inability to use the eNaira website, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with the use of the eNaira website.” 

Also Read: Cambridge University returns looted Benin Bronze artefact ‘Okukor’ to Nigeria

The CBN also noted that it would not be held liable for errors made on the site.

“The materials appearing on eNaira’s Website may include technical, typographical, or photographic errors. CBN will not promise that any of the materials in this Website are accurate, complete, or current. CBN may update the materials contained on the eNaira website at any time without notice; and makes no commitment to update the materials.”  

This disclaimer was reportedly posted shortly after the sudden disappearance of the eNaira wallet from the Google Play Store on Wednesday.

However, sources close to the issue said the app was taken down to make necessary updates.


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