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CBN Postpones The Launch Of Nigeria’s First Digital Currency, eNaira

E-Naira

As Nigerians await the launch of the country’s first-ever digital currency dubbed the eNaira, which was scheduled to be unveiled tomorrow, 1st of October, 2021, the country’s apex bank, the Central Bank of Nigeria (CBN) has announced today, Thursday, September 30th, 2021, that the planned launch of the eNaira will no longer hold tomorrow, as a new date will be announced in due course.

The launch of the nation eNaira has generated a lot of excitement among the citizens who were all looking forward to October 1 as they were eager to get on board and enjoy the new initiative by the CBN. The postponement will definitely come as a huge disappointment as they have to wait for a later date which is yet to be announced by the apex bank.

In the statement released by the CBN and was signed by the Director of Communications, Osita Nwasinobi, The apex bank explained that although they thought that merging the launch of the new digital currency with the 61st Independence Day celebration of Nigeria would be a perfect climax, they went back on that decision  “in deference to the mood of national rededication to the collective dream of One Nigeria.”

The statement titled, “CBN defers eNaira launch to mark Independence Anniversary”, read in part:

“Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency, known as eNaira, the Spokesman of the Central bank of Nigeria, Mr. Osita Nwanisobi, says the planned unveiling on October 1, 2021, has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary.”

While assuring that there was no cause for alarm, Nwasinobi said the CBN and other partners were working round the clock to ensure a seamless process that will be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.

However, Nairametics has gathered that the unexpected traffic to the eNaira website forced the management of the CBN to go back to the drawing board as the surge was unexpected. According to the economic website,

“An unanticipated surge in visits on the website of the Central Bank’s eNaira initiative has led to the sudden postponement of the launch of the apex bank’s digital currency dubbed “eNaira.” The surge led to a recalibration of the number of potential users, which the bank now believes could be ten times more than earlier expected soon after the launch. The bank, therefore, decided to postpone the launch in order to recheck and retest the robustness, safety, scalability and security of the eNaira system.

“The eNaira website recorded about 480,000 hits the first day it went live. The visits grew to over 1.7 million the next day and has averaged over 2.8 million hits daily since then. Apart from attracting hits, the website has also recorded a surge in usage with the time spent on the site generating content of over 80 GB daily. Nairametrics understands this required that the apex bank conduct another stress test on its systems to ensure it is capable of withstanding a further surge in traffic when they go live.

“The apex bank seems to have learnt from the botched launch of Obamacare which was coincidentally launched on the 1st of October 2013. Back then, the website was unable to consistently handle 500 users at once in the testing phase, and tests failed with 2,000 users over a three-day period, according to a Reuters report at the time. Engineers conducted performance tests just before launch and the results pointed to capacity issues that could affect a smooth experience on the launch date. Yet they proceeded, embarrassing President Obama.

“To sidestep a similar fate, Nigeria’s central bank decided to postpone the launch until they have assurances that their system has the right capacity to withstand a surge in visits.”

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Entertainment

Nigeria’s image isn’t worth protecting when school children are being kidnapped – Davido

In a new interview on the BBC, multi-award-winning superstar Davido explained why he chose to use his platform to bring global attention to the kidnapping of school children around the country.

During his performance on one of the side events at the ongoing FIFA World Cup hosted in Mexico, the United States of America, and Canada, Davido wore a jacket with the names of the school kids from the Oyo Kidnapping pinned all over the black leather jacket

Davido’s choice of outfit and activism generated both criticism and praise, with some commending him for using his platform to amplify the plight of Nigerians confronting record levels of insecurity. Other critics, including popular Hausa praise singer Dauda Adamu Kahutu, popularly known as Rarara, accused Davido of a lack of patriotism for airing the country’s dirty laundry on the global stage.

The award-winning star, however, doesn’t agree with the idea of protecting the country’s image. According to him, there’s no image to protect when school kids are being kidnapped.

A lot of people don’t really want to talk about what goes on in my country (Nigeria) simply because they want to protect the image, but there’s no image to protect if the little kids are being kidnapped,” Davido said, strongly communicating his stance.

As much as I was happy to do the World Cup, we also have to understand that things are going on back home in our country, which we have the power to let the world know through our own means. My own means is music and performances, so I used my platform to project what is going on.”

Davido’s decision to use the World Cup stage for his activism continues his trend of joining his voice to echo Nigeria’s sociopolitical crisis. During the famous ENDSARS protest against police brutality and corruption in 2020, he took part in the protest, and his smash hit record ‘FEM’ became the unofficial anthem.

As Nigerians at home and in the diaspora continue to await the return of the school children and teachers of the Orile kidnapping in Oyo, Davido and other celebrities are speaking up on the rising insecurity and economic hardship across the country.

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News

67-year-old Nigerian grandma arrested with 13kg cocaine hidden in plantain peels

NDLEA has arrested 67-year-old Nigerian grandmother Mary Yetunde Barek after allegedly discovering 13kg of cocaine concealed inside fake plantain peels in her luggage at Lagos airport. Operatives of the National Drug Law Enforcement Agency (NDLEA) arrested her after allegedly discovering 13 kilograms of cocaine concealed inside fake plantain peels packed among food items in her luggage at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.

According to the NDLEA, Barek, who works as a caregiver in the United Kingdom, was arrested at the departure hall of Terminal 2 on Sunday, June 28, while attempting to board a Virgin Atlantic flight to London.

The agency’s Director of Media and Advocacy, Femi Babafemi, said a detailed search of the suspect’s luggage uncovered 31 large wraps of cocaine ingeniously packaged to resemble hands of plantain.

The drug, weighing a total of 13 kilograms, had been carefully concealed among other food items in what investigators described as one of the more sophisticated concealment methods recently uncovered at the airport.

Babafemi said the fake plantain peels were designed to closely resemble real plantains in an apparent attempt to evade airport screening and security checks.

According to him, the suspect admitted ownership of the cocaine during interrogation.

“A thorough search of her bags resulted in the discovery of 31 big wraps of cocaine which were packaged to appear like plantain hands, weighing a total of 13 kilograms,” Babafemi said.

“In her statement, the elderly woman admitted full ownership of the recovered cocaine exhibits.”

The arrest formed part of a series of nationwide anti-narcotics operations announced by the NDLEA on Sunday.

In a related operation, the agency arrested 45-year-old Nwabueze Felix Onyeka, a PhD student at the University of Putra Malaysia, over an attempt to export 5.8 kilograms of cocaine hidden inside the walls of nine cartons of Orijin Bitters destined for Kuala Lumpur, Malaysia.

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Celebs

Nollywood Veteran Hanks Anuku captured roaming the streets of Abuja

A viral video showing veteran Nollywood actor Hanks Anuku on a roadside in Abuja has sparked concern among Nigerians on social media. The footage, believed to have been recorded recently, shows the 64-year-old actor appearing distressed, holding a disposable cup and seemingly talking to himself. Some social media users speculated that he may have been under the influence of alcohol, though this remains unconfirmed.

​Sharing the clip online, eyewitnesses appealed for support, writing:

​“Please Nigerians, Nollywood actor Hanks Anuku needs our help. Please repost and share so he can get help.”
The video has generated mixed reactions, with some expressing concern for the actor’s well-being, while others urged the public not to jump to conclusions.

One user said, “He made his choice. Donate for him and he will still visit his drugs and drinks. Best advice na the one wey person advice himself.”

Several fans called on his fellow actors and the Nigerian Actors Guild to provide the actor with the necessary medical and financial support.\

Anuku previously made headlines in November 2022 after a viral video showed him dressed in worn-out clothing while wandering the streets, prompting widespread speculation about his mental health. The actor later dismissed claims that he was battling mental illness. However, this latest video shows concerns over the state of his mental health and well-being.

​During his time in Nollywood, Hanks Anuku was known for playing the archetypal bad-boy role, which earned him fame through his performances in movies like ‘The Senator.’ The actor’s current situation sheds light on the issues confronting movie stars and other celebrities who often battle with depression and financial crisis after leaving the limelight.

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