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.
Read: CBN opposes bid to remove Arabic inscriptions from Naira notes
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.
Read: All you need to know about the e-Naira set to be launched on October 1
“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.”
Read: 3 bank directors resign from NESG in protest to CBN immunity letter
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.
How I can buy this coins E-naira
This is how Lawyers will deliberately mislead their clients and lead them on wild goose chases just to collect appearance fees and make money. CBN has the mandate in its act to create the currency of the Federal Republic of Naira. It can change it anytime from Naira & Kobo to Peti & Patu or any other name. Enaira is not a trademark that any logical thinking person will lay claim to. Let’s even say for the sake of argument that he has a case, does he have the billions & govt backing that CBN has to go all the way to the supreme court to chase the case. While losing business and opening yourself to a counter suit in the process. Is all of this really worth it in the end ?
Plan work!
Pls. How can i get the Enaira?
good to use
This is a frivolous suit, he has not merit at all. I may not be a lawyer but you know a frivolous case when you see one. I think he is only seeking cheap publicity. I don’t see how he can win this. His business name is: “ENAIRA PAYMENT SOLUTIONS LIMITED” and the CBN named its CBDC currency “eNaira”; my people, where is the infringement?
Lols this is the most funny case I’ve seen
But is it that CAC does not have a system that can detect name duplication or sth