The Central Bank of Nigeria (CBN) has explained the reason for the sudden disappearance of the newly launched e-naira speed wallet from Google’s play store.

The bank explained that the app’s disappearance was only temporary as 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 explanation on Thursday in Abakaliki, capital of Ebonyi state.

He was speaking 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 massive interest in the Central Bank’s digital currency.

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

Nwanisobi said the app is expected to be back today after the upgrade.

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

He said Nigerians are partly responsible for the glitches noticed which he said contributed to the temporary disappearance from the play store.

According to him, many Nigerians’ inability to input their correct details while signing up on the app contributed to the glitches.