Court Declines To Bar Cbn From Using E-naira Trademark

ABUJA- The Federal High Court sitting in Abuja has declined to issue an interim injunction to restrain the Central Bank of Nigeria, CBN, from using the e-Naira trademark.

The court, in a ruling that was delivered by Justice James Omotosho, refused the application that was filed by a private company, E-Naira Payment Solutions Limited.

The company had in a suit it filed before the court, claimed ownership of the e-Naira trademark, alleging that it was stolen from it by the apex bank.

According to the plaintiff, the disputed e-Naira trademark was its sole property based on the acceptance of its application for registration by the Trademark Registry of Nigeria.