May 22, 2026
By Ikechukwu Nnochiri
The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria (CBN) sole ownership rights to the eNaira digital currency platform.
The court, in a judgment delivered by Justice James Omotosho, issued an order of perpetual injunction to restrain a private firm, eNaira Payment Solutions Limited, from further parading itself as the registered proprietor of the “eNaira” trademark.
It held that although the company had been registered with the Corporate Affairs Commission (CAC) since 2004, its choice of a name associated with Nigeria’s sovereignty was potentially misleading.
