martinsg17:
The concept of eNaira is a threat to the thieving political power brokers and they will do anything to stop the digital naira

Bobxin:

Oga, you still pay tax, check your shopping bills, especially from shopping malls, you pay tax when you buy certain things like fuel, make calls, and even some bank transactions, you even pay more tax if you're a government worker.

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

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.

ivolt:

This company should never have been registered in the first place as individuals
don't have the right to copyright national assets or their derivatives.

By the time the case is over, this greedy company may cause trouble for other businesses with "Naira"
in their name, even Nairaland may be targeted.

SarkinYarki:
The term Naira actually belongs to the CBN sha

samsard:
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.

abbey621:


How do people get Bitcoin? Forget the scammers and the money launders, not everyone that claims to be a Bitcoin trader is a true trader. Cryptocurrency has nothing to do with the falling Naira, anyone that claims diffferently is full of sh*t! How does Bitcoin stop dollars from coming? Shouldn't it be the other way around since Bitcoin would be converted to dollars before exchanging for Naira? This is what vast majority of people do and it is not different from the numerous businesses in Nigeria earning/operating in dollars.

What exactly is legitimate inflows, before Bitcoin are you saying people were not operating with dollars? Are you saying the demansd for dollars was easily satisfied by the supply from CBN? Once again the problem is not crypto, the problem is financial policies that are stuck in the 19th century. A country cannot operate on imports and little export, huge debt profile and rising inflation yet still expect its currency to hold value, how can Naira strengthen against dollars when 80% of businesses, individuals in 9ja use the dollar as their main transaction currency with the outside world? Let's face it, na we dey do ourselves!

chatinent:


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

I hope they don't sideline the company politically.

SeunTheOwner:


The company is only chasing clout. Naira is a trademark brand license to Nigeria. Using Naira in your brand itself worth paying royalty to the Federal Government

SavageResponse:
The name '"Naira" should be a copyright which belongs to the Federal Government through the CBN

bizzibodi:

Abeg tell goddy to include airdrop & enaira mining too.

samsard:
The bolded is false. People would rather send crypto to their family members now than say Western Union. Crypto is expensive and all but it's not useful to our habit of importing everything. You can't import an awful lot with crypto, it's not legal tender, so it's mostly useful as a speculative asset and store of value.
Yes, policies are bad but crypto is one of the many issues. It could go out of hand if the government leaves it unchecked. Crypto value is only estimated in USD or fiat equivalent, not converted.

abbey621:


I don't know what you're talking about, majority of people sending money to their family and friends are not using crypto, for goodness sake how do you think people get crypto? Vast majority of people don't even know what crypto is, not to talk of how to obtain one. Crypto value is estimated? Here's a shocker so is fiat! The U.S treasury is no longer backed by anything, the Nigerian treasury is a joke so what are we talking about....lol abeg stop playing

chatinent:


How about Nairaland?

lexy2014:


so govt should also sue nairaland and nairamarley right?

Buzx:


Using your logic, government can sue Nairaland, too?

Coronabirus:
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....

omoadeleye:

Maybe those with the naira names should try and sue government first and see what will happen next.

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

chatinent:

What do you say about Nairaland?

SeunTheOwner:


In the same trouble

allthingsgood:


Are u comparing CAC registration with an Act of the National Assembly smh. Even the Court where he sued was created by Law, not CAC registration ok!

ivolt:

Speaking from experience, you can almost register any name with CAC as long as another person does not own it
and it is not expressly illegal. Words like Nigeria, Naira and the rest that should be protected are freely given out.

BTW, company registration is not the same as copyright or trademark.

splashbaby:
That's is not true, you cannot register all name. They are reserved names you can't register...CAC didn't put eNaira on the reserve name...their own problem. Company name are not trade marked by CAC but they entity recognized by law as specific to a particular individual or organization to conduct lawful business. It's also a prerequisite for trademark application. Company's name registration is a recognised entity by law for business purposes.

chatinent:


- Source

Silasloaded:
Goodday Boss Chatinent, will this be like cryptocurrency that's decentralized or will the government have a control over it (Centralized)?

chatinent:


The government will o