UPDATE: Court Gives CBN Green Light To Rollout eNaira

Amid heated litigation over its trademark infringement on the name “eNiara”, a Federal High Court in Abuja has given a green light to the Central Bank of Nigeria to rollout its digital currency.

This was disclosed in the hearing yesterday, at the Federal High Court 8 presided over by Justice Taiwo Abayomi Taiwo.

Press Informant had earlier reported that a cease and desist notification was sent to the CBN concerning the use of the name “eNaira.”

ENaira Payment Solutions Limited brought the case (FHC/ABJ/CS/113/2021), against the CBN over a claim of trademark infringement. According to the notification from the solicitor of the company, the launch of the eNaira is a threat and shows willful infringement of his client’s trademark.