Citing abuse of Executive Order 003 and 005, as well as capital flight that could further plunge Nigeria into deep financial crisis, the Nigeria Computer Society (NCS), the umbrella body of all Information Technology (IT) practitioners in Nigeria, has faulted the decision of the Central Bank of Nigeria (CBN) to choose Bitt Inc. as the technical partner for Nigeria’s digital currency, called eNaira project.
According to NCS, the decision also negates IT policy compliance and framework of the federal government, and should be reversed immediately, to enable CBN look inward among competent Nigerian operators, who can conveniently handle and successfully deliver the project.
Central Bank of Nigeria, through its Director of Corporate Communications Mr. Osita Nwanisobi, recently announced the formal engagement of a global Fintech company, Bitt Inc. as the technical partner for its digital currency, named eNaira project, which is due to be unveiled later in the year.
The CBN’s selection of Bitt Inc, from among highly competitive bidders was hinged on the company’s technological competence, efficiency, platform security, interoperability, and implementation experience.
