The Central Bank of Nigeria (CBN) has given the explanation for the sudden disappearance of the newly launched e-naira speedpockets from Google’s play store.

The financial institution defined that the app’s disappearance was solely momentary because it was undergoing an important upgrade aimed at tackling glitches noticed since its launch.

Director of Corporate Communications of the bank, Osita Nwanisobi, gave the reason on Thursday in Abakaliki, capital of Ebonyi state.

He was talking at a CBN Fair for the southeast geo-political zone, which held simultaneously in Ebonyi and Abịa States.

The e-Naira Speed Wallet app had gone missing from the Google Play Store just days after its launch on Monday, 25th of October 2021.

The app had over 200,000 wallets downloaded in 24 hours before it went missing indicative of huge interest within the Central Bank’s digital currency.

A quick search on Google Play store indicated absence of the e-Naira Speed Wallet app however the eNaira Speed Merchant wallet app is still available for download on android.

Nwanisobi stated the app is predicted to be back immediately after the upgrade.

He assured that the app is properly secured because it relied on encryption technology with two factor verification to make it difficult to be bridged.

He stated Nigerians are partly responsible for the glitches observed which he stated contributed to the momentary disappearance from the play store.

According to him, many Nigerians’ lack of ability to enter their right particulars while signing up on the app contributed to the glitches.