{"id":89423,"date":"2021-12-02T10:49:33","date_gmt":"2021-12-02T09:49:33","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=89423"},"modified":"2021-12-02T10:49:33","modified_gmt":"2021-12-02T09:49:33","slug":"e-naira-we-have-effective-technology-to-tackle-fraudsters-hackers-cbn-assures","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/e-naira-we-have-effective-technology-to-tackle-fraudsters-hackers-cbn-assures\/","title":{"rendered":"e-Naira: We Have Effective Technology To Tackle Fraudsters, Hackers, CBN Assures"},"content":{"rendered":"
\n
The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters.<\/div>\n
\n
\nThe Director, Corporate Department, CBN, Mr Osita Nwanisobi, announced this on Wednesday at a two day Central Bank Fair holding in Kano.<\/p>\n

Speaking with Journalists, on the sideline of the event with the theme \u201cPromoting Financial Stability and Economic Development\u201d, Nwanisobi said apart from new technology to prevent cybercriminals, the CBN had introduced other measures such as making individual passwords up to 12 digits.<\/p>\n

\u201cWhich will make it very difficult for any cybercriminal to break and penetrate into customers accounts.<\/p>\n

He said, \u201cE-Naira is the Digital representation with the equivalent of the physical Naira, the only difference is that, while one is physical, the other one is virtual.\u2019\u2019<\/p>\n

He also explained the mode of payment in respect of e-Naira.<\/p>\n

We have cash payment, electronic payment and now added digital payments, all aimed at reducing hardship faced by bank customers at the point of transactions with their bank or other banks.<\/p>\n

\u201cThe beauty of the e-Naira is that it is instant, immediate, and the cost is very low as well.<\/p>\n

\u201cThat is why when we are talking of the e-Naira, we say it\u2019s the same Naira with possessing power and possibilities,\u201d Nwanisobi said.<\/p>\n

” The e-Naira will solve the problems facing financial institutions, cross border issues, relationships with the diaspora, and taxation.<\/p>\n

The director said that the fair was to enlighten the public about CBN policies and interventions, as it relates to youths development<\/p><\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. 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