Private firm drags CBN to court over use of the name ‘ENaira’

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eNaira

The Central Bank of Nigeria (CBN) has been served with a cease-and-desist letter about the usage of the term “eNaira.”

The  notice signed by Olakule Agbebi Esq for Olakule Agbebi & Co . was contained in a document titled: “Infringement of Trademark & Violation of Corporate Name cease and desist Notification to the Central Bank of Nigeria.”

This news comes following the successful launch of the Centre Bank Enaira website and only days before the eNaira is activated.

According to the solicitor’s notification, his client “ENAIRA PAYMENT SOLUTIONS LIMITED (RC 508500)” has been registered in class 36 and class 42 since April 7, 2004.

The debut of the eNaira is a threat, according to the suit, and reveals willful violation of his client’s trademark. His client is now susceptible to da

“For this reasons, our client has approached the Federal High Court in Suit No: FHC/AB/CS/113/2021 between ENAIRA PAYMENT SOLUTIONS LIMITED vs CENTRAL BANK OF NIGERIA to seek a restraining order including an order to restrain CBN from proceeding in the launch on 1st October 2021,”  the Notice stated.

“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”, the Notice added.

 

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