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See Why e-Naira Was Deleted By Google, Really A Shame

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See Why e-Naira Was Deleted By Google, Really A Shame
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See Why e-Naira Was Deleted By Google, Really A Shame

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, Peoples Gazette can report.

Nigeria’s digital currency, marketed to boost cross-border trade and other financial activities, 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 1.

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 by Peoples Gazette have exposed how Africa’s largest economy’s digital currency policy was lifted from JLG’s website, despite having four years to plan.

“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.

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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.

President Buhari himself had been caught repeatedly plagiarising quotable quotes from Barack Obama and other world leaders. News articles and columns are regularly plagiarised by a large section of print and broadcast journalists nationwide without consequences.

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See Why e-Naira Was Deleted By Google, Really A Shame

Nigerian lawyer Malachy Odo decried the CBN’s action as a show of shame.

“In normal climes, those responsible for this show of shame wouldn’t need to be prompted to resign,” Mr Odo said.

This is, however, not the first time the CBN will be caught using other people’s work without attribution. In 2012, its then-Governor Lamido Sanusi was caught lifting quotes from an American professor without attribution. The bank later admitted wrongdoing and blamed a speechwriter for it.

The then governor had copied Mr Dike’s intellectual work and presented the idea as his during a public lecture in Edo State without proper attribution.

The apex bank, in a statement by its former corporate communications chief Isaac Okoroafor, defended Mr Sanusi, stating that he did not develop the speech.

“In the case of the CBN, such papers, even though presented by the Governor, represent our collective views and are prepared by professional researchers in the relevant departments of the Bank. We can vouch that such papers are prepared in line with strict global and ethical standards,” the statement parlty read.

Already, the CBN has been locked in a fierce legal battle over the adoption of ‘eNaira’ word mark after a private firm said it registered a trademark for the name in 2004 and filed a copyright infringement lawsuit.

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The firm, Enaira Payment Solutions, in its lawsuit sought a restraining order against the launch of e-naira by the apex bank on October 1, 2021, a date initially scheduled for it.

A notice from the firm’s solicitors also stated that: “In the interim, the CBN is hereby warned to cease and desist from using or purporting to use the name eNaira for its product or in any way.”

On Wednesday night, The Gazette highlighted the controversial aspect of the eNaira terms of use that seemed inconsistent with the regulatory standards that the CBN had itself upheld in the commercial banking sector for decades. But it turned out that the odd clause was originally designed for an equipment manufacturer and not a financial services provider.

Lagos-based lawyer Inibehe Effiong said the CBN’s action underscores the danger in policymakers and their reliance on consultants. He demanded a thorough probe into the scandal, as well as punishment for errant personnel.

“It’s a very serious allegation against the Central Bank,” Mr Effiong told The Gazette on Thursday afternoon. “There should be internal administrative action on the persons responsible for the policy document as it shows that the Central Bank had no original thought.”

See Why e-Naira Was Deleted By Google, Really A Shame

See Why e-Naira Was Deleted By Google, Really A Shame

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Twitter Ban: FG Develops Code Of Conduct For Facebook, Instagram

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Twitter Ban: FG Develops Code Of Conduct For Facebook, Instagram

The Federal Government has developed a code of conduct for all social media platforms in the country, Festus Keyamo, Minister of State for Labour and Employment has disclosed.

Speaking on Channels Television programme ‘Sunday Politics’ monitored by DAILY INDEPENDENT, Keyamo who is a member of a committee set up by the federal government to meet with Twitter said the social networking site has almost complied with some of the conditions given to it by the government such as payment of taxes and opening of an office in Nigeria.

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Speaking on the code of conduct for all social networking sites, Keyamo said “The federal government is very anxious, not only Twitter. In fact, but we have also developed a code of conduct for all of them”.

“They have agreed to a code of conduct, that is Twitter and every other platform because we are using the example of Twitter to draw code of conduct for all other social media platforms such as Facebook, Instagram, Twitter and all of them” .

“We decided at the committee level that we don’t want to isolate Twitter and give them some kind of bias treatment different from other social media platforms like Facebook, Instagram and all of that. So, we are developing a code of conduct not for Twitter alone but for the general social media platforms on the responsible social behavior that they must comply with”.
“Code of conduct can be made as bye law under the NBC code because that is broadcast” he said.

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Crypto crashes because of black Friday discount

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Crypto crashes because of black Friday discount
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Crypto crashes because of black Friday discount

Cryptocurrency prices are tanking this morning, with some of the biggest coins recording double-digit percentage drops as the global Black Friday discount shopping event gets underway and fears over a new Covid “variant of concern” spread. The combined crypto market has dropped under $2.5 trillion, down from a peak of around $3 trillion earlier this month.

24-hour crypto market snapshot
Bitcoin (-7%) $53,793
Ethereum (-10%) $3,959
Avalanche (-18%) $103.12
Cro (-19%) $0.6518

The bitcoin price is this morning off by over 7%, with ethereum down by 10%. Bitcoin is quickly falling towards $50,000 while ethereum has edged below the closely-watched $4,000 level. Bitcoin’s price fall comes amid a sharp dip in its hash rate, a measure of the computing power directed at the bitcoin network. Quantum Economic’s Jason Deane spotted the decline.

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Fidelity Leaderboard
Ethereum rivals Binance’s BNB, solana, cardano and polkadot are all down by more than 10% with recent big gainers Crypto.com’s cro and avalanche down by almost 20% since this time yesterday.

Expect a lot of “buy the dip”-style advice from price boosters on Twitter and YouTube today and over the weekend amid claims of a crypto “Black Friday sale.”

Metaverses, the idea that we’ll all soon be living in a virtual world accessed via the likes of social media giant Facebook and VR headsets, could eventually create $1 trillion in annual revenue across the advertising, digital events, e-commerce and hardware industries, research from crypto investment company Grayscale has found.

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It matters because as people’s lives move more online, digital scarcity, smart contracts and online ownership created through bitcoin, other cryptocurrencies, and non-fungible tokens (NFTs) will help form the foundations of the virtual economy. Video games are already embracing tokenization and Facebook’s rebrand under the Meta umbrella has kicked off a wave of interest in how digital assets will fit into the new virtual economy.

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Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

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Igbo Girl Becomes Pilot After Dad Said He'll Jump Off Plane If He Sees Female Pilot.
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23 Year-Old Igbo Girl Becomes Pilot After Dad Said He’ll Jump Off Plane If He Sees Female Pilot.

Meet – Miracle Izuchuwu, 23-year-old Nigerian born Private Pilot, Commercial Pilot (candidate) and Flight Attendant at American Airlines. She recently joined the elite group of 7% of females and 1% of black female Pilots in the world.

Hear her story...

I grew up in a society that did not encourage young girls to dream big, career-wise.

In 2019, I had an encounter with an Airline Pilot while working as a customer service rep. He opened my eyes to the possibility of becoming a Pilot. A few weeks later, I went on a discovery flight that sealed it for me..

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I came home that day, called my father, and told him I was considering becoming a professional Pilot.

He said, and I quote: “if he gets on a plane and sees a woman as the Pilot, he would get off the plane”

words cannot explain the pain and confusion I felt. I needed that validation.

What if, in raising children, we focus on ability instead of gender?

In a world that wants us to whisper, I choose to shout.

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