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 seen by Nairametrics 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.

What is happening?
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.

“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.

The Notice added, “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.”

Recall that the CBN has stated on several occasions that the eNaira will be launched officially on Nigeria’s Independence Anniversary day, 1st October 2021.

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They will now have an excuse

Let CBN rebrand it to another name

So it will fail again and complete the circle

He should sue them for $500billion . Useless cows. You ban Bitcoin wan come open your own . Mad people everywhere

sapientia:
They will now have an excuse

Let CBN rebrand it to another name

So it will fail again and complete the circle

I can't wait to see how things will unfold.

I hope they don't sideline the company politically.

To even gt ordinary Wallet name right dey hard dem...


Abeg how dem wan get the Economy right...

Here we go again ..the start of the fall of enaira

If it were to be a sane clime, ENaira Payment Solution Ltd could make hell of money from the litigation. How did the company scale through registration with the name in the first place? I am not surprised at all, there is another entity called 'Nigeria Info'. This is what you get when you don't have right people managing affairs of the government.

Noise maker ... CAC will just delist the company using one default or another. It could be late filing of returns, tax fraud, anything. You as an individual cannot win the Frauderal Govt of Nigeria.

The term Naira actually belongs to the CBN sha

Let's see how it goes
CBN has been copying Bubu so perfectly nowadays

Southerners undermining the FG



North2023

This govt doesn't seem to get anything right. Enaira indeed.

Validated:
Noise maker ... CAC will just delist the company using one default or another. It could be late filing of returns, tax fraud, anything. You as an individual cannot win the Frauderal Govt of Nigeria.

CAC will not delist it.

googlepikins:
He should sue them for $500billion . Useless cows. You ban Bitcoin wan come open your own

Lol wisdom is profitable to the wise. Na still ur tax Dem go use pay your so called $500billion. u tink u are doing buhari

Nigeria has a way of tarnishing her own image, we're about to get ripped by this

This company can't win. CBN has statutory powers to manufacture naira. They just choose to do it electronically now, i.e eNaira. Law suit is dead on arrival

Validated:
Noise maker ... CAC will just delist the company using one default or another. It could be late filing of returns, tax fraud, anything. You as an individual cannot win the Frauderal Govt of Nigeria.

You are right about CAC, they will start digging into the operations of the company.... FIRS will also join them!

The company just want free publicity but it could backfire

Fulani that loves "Federal character, they love quota system education, except Gowon all the states, and local governments are created by Fulanis - They dont want electronic voting, they love Bokoharam - They are killing ndigbo now ,because they feel that an Igbo man ( Ebere Azikiwe Jonathan) killed Fulanis by eliminating terrorists- They call Niger Deltans Ndigbo in private, but South South when it favors them, they created everything in there favor ,when it doesn't favor them, they dont support it - Unity beggers - Parasites from Futadjalon.
Be wise.

I been dey use eNaira services for e-currency exchange since tay tay na dat time wey LibertyReserve still dey.

Validated:
Noise maker ... CAC will just delist the company using one default or another. It could be late filing of returns, tax fraud, anything. You as an individual cannot win the Frauderal Govt of Nigeria.

Punishment for all those are not delisting
The company has a right to the name

googlepikins:
He should sue them for $500billion . Useless cows. You ban Bitcoin wan come open your own

Bitcoin is not issued by the CBN. They didn't 'ban Bitcoin', They stopped it from passing through the banking system because the naira was losing value to it. How you may ask. Well, crypto companies convert their profits to US dollars before repatriating. That was putting pressure on our scarce forex resources and further weakening an already weak currency. Also, Yahoo boys launder money through BTC and allowing it pass through the banking system is just making it easier.

How to mine Enaira na

chatinent:


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Is this logo here that of the Nigerian eNaira?? Or that of the man's eNaira??
..
In this thread,, we need to be seeing the logo of the man.
Or better still, both of them.

chatinent:


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This enaira is just a way to force ppl to take the vaccine. They can just stay in Abuja and deactivate your ewallet if you haven’t linked it with your vaccination code

DrBiyums:

This enaira is just a way to force ppl to take the vaccine. They can just stay in Abuja and deactivate your ewallet if you haven’t linked it with your vaccination code

Using your logic they can equally deactivate your regular account from Abuja as well...


As for the topic, it's a shame that the government continues to act irresponsibly. One would think with the access they have easily found out about this possible infringement and sorted it out before floating the idea of the wallet in the first place... matter no suppose reach like this