Brand News Day Nigeria reports that this development was made known in Abuja by Mr Osita Nwanisobi, the CBN’s Director of Corporate Communications. He said that the apex bank made the decision to postpone the launch based on several activities in the queue to commemorate Nigeria’s 61st Independence Day celebration.
Recall that a privately owned company has sued the apex bank for Infringement of Trademark and Violation for using the name, “eNaira”. This was revealed in a document, titled: “Infringement of Trademark & Violation of Corporate Name cease and desist Notification to the Central Bank of Nigeria,” the notice was signed by Olakunle Agbebi Esq for Olakunle Agbebi & Co .
According to the lawsuit, “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” .
However, the Director of Corporate Communications counters the claims saying that the launching of eNaira which had been initially planned to coincide with the Independence Day anniversary was postponed, in consideration of other activities lined up to celebrate the day.
“The CBN took the decision to postpone the launch, which had been initially planned to coincide with the Independence anniversary, in deference to the mood of national rededication to the collective dream of One Nigeria,” CBN’s Nwanisobi said.
Nwanisobi noted in the statement that the CBN and other partners are dedicated to ensuring a smooth process that benefits customers in general, particularly those in rural regions and the unbanked.
On the eNaira’s advantages, Nwanisobi stated that Nigerians will be able to send money to each other’s eNaira wallets as well as pay for goods and services at selected merchants.
”The eNaira will limit the use of currency and ensure the Nigerian economy’s stability.
The apex bank is yet to respond publicly to the lawsuit.
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