Court favours CBN on use of name “eNaira”


Amid heated litigation over its trademark infringement on the name “eNiara,” a Federal High Court in Abuja has given the nod for the Central Bank of Nigeria’s (CBN) rollout of its digital currency.

This was disclosed in the hearing last week, at the Federal High Court 8 presided over by Justice Taiwo Abayomi Taiwo.

Recall that a cease and desist notification was sent to the CBN concerning the use of the name “eNaira.”

ENaira Payment Solutions Limited brought the case (FHC/ABJ/CS/113/2021) against the CBN over a claim of trademark infringement. According to the notification from the solicitor of the company, the launch of the eNaira is a threat and shows willful infringement of his…

Source: Nigerian Tribune