May 22, 2026
The Federal High Court in Abuja on Friday made an order of perpetual injunction restraining eNaira Payment Solutions Ltd from parading itself as the registered proprietor of the trademark “eNaira”.
Justice James Omotosho, in a judgment, also granted the Central Bank of Nigeria (CBN)’s counterclaims and awarded N10 million against the company.
Justice Omotosho ordered the eNaira Payment Solutions Ltd to immediately change its name to another distinct name without the use of the word “Naira”.
The judge agreed with the defendants’ arguments that though the company had been incorporated since 2004, it had a misleading name.
