The Federal High Court in Abuja, on Friday, ruled in favour of the Central Bank of Nigeria (CBN), granting it exclusive ownership rights over the eNaira digital currency platform.
Delivering judgment, Justice James Omotosho issued a perpetual injunction restraining a private firm, eNaira Payment Solutions Limited, from further presenting itself as the registered proprietor of the “eNaira” trademark.
The court held that although the company was incorporated in 2004 by the Corporate Affairs Commission (CAC), its use of a name closely linked to Nigeria’s sovereign currency was misleading and not legally registrable....... .
