The highly criticized eNaira was launched on October 25 by President Muhammadu Buhari amidst a televised fanfare, after its botched unveiling on the nation’s Independence Day on October.
During its launch, Governor Godwin Emefiele had said that extensive research had commenced on the adoption of the digital currency as far back as 2017. Mr Buhari touted the policy as the first in Africa and nudged his aides to milk its novel attributes for scarce public relations glory.
However, checks on the eNaira website have exposed how Africa’s largest economy’s digital currency 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 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, about 70 kilometres southwest of Harrisburg.
“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.
A spokesman for the CBN declined repeated requests seeking comments on the bank’s conduct.
Plagiarism is not only treated as ethical shortcomings but is also considered illegal and penalised in many jurisdictions because it violates intellectual property rights.
Nigeria has struggled for years to take violations of intellectual property rights seriously, leaving many in top places to see nothing unusual about the conduct.