Business
eNaira: Firm sues CBN over ‘trademark infringement’
ENaira Payment Solutions Limited, a company, has instituted a suit before a federal high court against the Central Bank of Nigeria over the name “eNaira.”
The Central Bank of Nigeria (CBN) had announced that it will launch the pilot scheme of its digital currency (eNaira) by October 1, 2021.
On Monday, the apex bank floated a website — www.enaira.com.
According to the details on the website, eNaira would aid cash distribution in the government’s social welfare programmes.
The firm, through its lawyers, accused the CBN of trademark infringement.
This is according to a document issued by Olakunle Agbebi & Co, solicitors to ENAIRA Payment Solutions Limited, notifying the CBN to desist from using the proposed name.







