samsard:
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.

Makes no sense, today it is stopping crypto related finances tomorrow it is stopping the use of foreign currencies completely, sounds like a government that is always reasctive instead of proactive. The problem of the Naira is not Bitcoin or any other currency, it is the actual value. When we import everything including lighters and matches then you should know this is a country full of sh*t! What they did does not actually ban crypto activities, it only affects the large companies, the individuals or the miners/traders are not affected much unless they want to stop all forms of dollars from entering the country which is basically a suicide mission

BluntCrazeMan:
I PRAY THAT THE GUY WINS THIS CASE SHAAAA..

He will win nothing. Enaira is different from Enaira payment solution

sapientia:
They will now have an excuse

Let CBN rebrand it to another name

So it will fail again and complete the circle

correct guy
Your head dey dere!

rottennaija:

He will win nothing. Enaira is different from Enaira payment solution

Na The Courts Wey Go Decide That One..

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

CBN owns naira by constitution

BluntCrazeMan:
Na The Courts Wey Go Decide That One..

Waste of court time. Some people can sue nonsense with these charge and bail lawyers everywhere

CBN should change it to eMoney

Who's thinking what I'm thinking!? [color=#006600][/color]

TheOmoney:
CBN should change it to eMoney

Who's thinking what I'm thinking!? [color=#006600][/color]

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.

If this happens then they make the case easy for him. Join CAC as respondents, and court will see reason to award judgment easily to him, because they will see it as victimisation...except if they are correspondents to show for previous infractions by CAC which I doubt.

allthingsgood:
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

Hahahaha Naira and not eNaira, this is a different entity all together. If not CAC will not have registered it. With the CAC registration, eNaira is not an exclusive property of the CBN...this is what CAC registration means...they can't jump on it as if they own it. What have they been waiting for all this years to make eNaira a statutory name or property.

abbey621:


Makes no sense, today it is stopping crypto related finances tomorrow it is stopping the use of foreign currencies completely, sounds like a government that is always reasctive instead of proactive. The problem of the Naira is not Bitcoin or any other currency, it is the actual value. When we import everything including lighters and matches then you should know this is a country full of sh*t! What they did does not actually ban crypto activities, it only affects the large companies, the individuals or the miners/traders are not affected much unless they want to stop all forms of dollars from entering the country which is basically a suicide mission

They won't stop dollars from entering because we need it for international trade and payments. In short, the CBN would do anything to encourage legitimate inflows Bitcoin was stopping from dollars from coming (by being used for remittance instead of fiat) and then taking out the remaining one we had in the black market.
Individuals basically never trade BTC in FX. They do P2P in naira.

SarkinYarki:
The term Naira actually belongs to the CBN sha

Naira..Yes and not eNaira. They are different thing all together. CAC registration means it belong to someone else and not CBN. Beside CAC has procedures for registration which CBN should object to the eNaira registration which they failed to do.

Less than 24hrs matter don reach court ..this country na wah

SarkinYarki:
The term Naira actually belongs to the CBN sha

Now i have just found the golden comment i have been looking for.


Like, i don't get the nuisances being constituted by the private organisation, the NAIRA name absolutely belongs to the government.

Government suppose to even sue his ass for making money with government franchise without remitting any forms of royalty to the government.

Phiniter:


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

Before they do that, they’ll ban physical cash
They can’t ban cash with regular account

omoadeleye:



Now i have just found the golden comment i have been looking for.


Like, i don't get the nuisances being constituted by the private organisation, the NAIRA name absolutely belongs to the government.

Government suppose to even sue his ass for making money with government franchise without remitting any forms of royalty to the government.

eNaira is a brand name registered with the vac.

samsard:
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.

After the ban, naira has even depreciated much worse. Why? Is the forex still scarce?!

eNaira ko eMoney ni

sapientia:
They will now have an excuse

Let CBN rebrand it to another name

So it will fail again and complete the circle

Rebrand to what? Any suggestion?

E-money.

There is someone called E-money already

Emeka Okonkwo is about to get richer.

….but how can someone sue the CBN over the name ‘Naira’??
CBN should call their bluff. Naira belongs to Nigeria and if there’s one institution that should be laying claim to the name, it should be the central bank of Nigeria…but what do I know.

9jah:
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.

It seems u are suffering from excessive hate which has killed ur sense of decorum and reasoning. You are trying to spread hate with no logic. This has proven what they feed u weekly on pulpits instead of devotion. You have really reduced urself very low....the ppl u are shouting on are not oblivion to ur distress.... add more volume....

KosiGee:


Rebrand to what? Any suggestion?

E-money.

There is someone called E-money already

Emeka Okonkwo is about to get richer.

….but how can someone sue the CBN over the name ‘Naira’??
CBN should call their bluff. Naira belongs to Nigeria and if there’s one institution that should be laying claim to the name, it should be the central bank of Nigeria…but what do I know.

Enaira not naira.
I’m sure no b only naija get that word “naira”. It will have a meaning somewhere else.
And the topic is enaira not naira

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.

that's government of Nigeria for you, here in austria me a nigerian took government to court won they cancelled my 10 probation ,my lawyer charged me only 380 euros,here in austria a nigeria with only resident card not a citizen can take a company as rich dangote to court,people are like you are the reason nigerian government is behaving like taliban ,

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

Ewu

There is difference between ENAIRA PAYMENT SOLUTION LIMITED and ENAIRA

Go to CAC website and do a search for any key word. For example search the word APPLE, you will find so many registered companies with that key word.

If the company suing CBN registered the name ENAIRA alone, it will be an issue but it has other components with it.

Johnson solution LIMITED is not the same thing as Johnson limited

Also, see screenshot of different registered companies with keyword newswatch

How can a private company trademark "Naira" which is owned by the federal government? The company would lose the case because they should not have been registered by CAC in the first place.

maynia:


Enaira not naira.
I’m sure no b only naija get that word “naira”. It will have a meaning somewhere else.
And the topic is enaira not naira

Oya which other meaning does Naira have?

When Nigeria stopped using pounds, Obafemi Awolowo chose the name "Naira". It is entirely owned by Nigeria and does not exist anywhere else

SarkinYarki:
The term Naira actually belongs to the CBN sha

My thoughts too but it only goes to show that whoever gave the approval at CAC back then to the said company wasn't forward thinking, and now this has happened.

Let CBN compensate the company
After all na dem (CBN) be money

CAC no get records?
Abi CBN no do due deligence?

sapientia:
They will now have an excuse

Let CBN rebrand it to another name

So it will fail again and complete the circle

cbn will most likely disobey d court order and go ahead with d launch. its a lawless govt

SarkinYarki:
The term Naira actually belongs to the CBN sha

so nairaland and naira marley should have taken permission from cbn before using naira in their names