CBN Dragged To Court Over E-Naira

A cease and desist notification has been sent to the Central Bank of Nigeria (CBN) concerning the use of the name “eNaira".

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

This development comes after the successful deployment of the Centre Bank Enaira website and days away from the activation of the eNaira itself.

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

It stated that the launch of the eNaira is a threat and shows willful infringement of his client’s trademark. The notices also added that his client is now exposed to damages, loss of business and loss of goodwill.