CBN caught plagiarising eNaira policy document from American company – The Street Journal

The Central Bank of Nigeria (CBN) has been caught plagiarising the policy and terms of use of an American wireless equipment supplier as its own policy on the eNaira website.

The digital currency was launched on Monday, October 25 by President Muhammadu Buhari.

During its launch, Governor Godwin Emefiele of the Central Bank of Nigeria had said that extensive research had commenced on the adoption of the digital currency as far back as 2017.

President Buhari touted the policy as the first in Africa and nudged his aides to milk its novel attributes for scarce public relations glory.

However, the eNaira app was removed from Google Play Store barely two days after it was launched, but was later restored.

According to a report by  Peoples Gazette, checks on the eNaira website have exposed how eNaira policy was lifted from JLG’s website.

“In no event will licensor or its officers, directors, employees, agents, representatives, affiliates or contractors (collectively, the “released parties”), be liable to the licensee or any third party for any use, interruption, delay, or inability to use the software’ lost revenues or profits; delays, interruption or loss of services, business, or goodwill; loss or corruption of data; loss resulting from the system or system service failure, malfunction, or shutdown; failure to accurately transfer, read or transmit information,” the document read on JLG’s website.

A thorough check indicated that a part of the limitation of liability clause on CBN’s website was lifted verbatim from U.S.-based JLG, a wireless innovation company based in McConnellsburg.

“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,” eNaira’s policy read.

However, a spokesman for the CBN said the bank was aware of the plagiarism and found nothing wrong with it.

“With reference to your inquiry, it’s important to understand that certain legal clauses are standard and the wordings may be the same. You may wish to check several websites to confirm this,” corporate communications director Osita Nwasinobi said.

 

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