A firm, ENaira Payment Solutions Limited, has filed a suit at a federal high court against the Central Bank of Nigeria accusing the apex bank of stealing its name in its planned ‘eNaira digital currency launch,
The CBN has fixed the launch of the pilot scheme of the digital currency for October 1, 2021 and floated a website, www.enaira.com, on Monday ahead of the eNaira inauguration.
The firm, through its lawyers, accused the CBN of trademark infringement.
A document issued by Olakunle Agbebi & Co, solicitors to ENaira Payment Solutions Limited, asked the CBN to desist from using the proposed name.
It stated, “We are Solicitors to ENAIRA PAYMENT SOLUTIONS LIMITED (RC 508500) which was incorporated on the 7th of April, 2004. Our client is and remains a valid and existing legal entity having complied with the statutory requirements as regards the filing of its annual returns and the payment of company income tax.
“Our client is the holder of the Trademark “ENaira” registered in Class 36 and Class 42. It has come to our client’s notice that the Central Bank of Nigeria (CBN) has announced the planning launching of a financial under what it termed its Central Bank Digital Currency to be known as ‘eNaira’.
“This action amounts to a threat to willfully infringe on our client’s Trademark. It will also amount to a violation of its corporate name i.e. ENaira Payment Solutions Ltd. The ramifications of this illegal act of the CBN are extensive.
“Importantly, the potential this has to deceive the general public into believing that this product emanated from our client’s company is real and the consequences for our client are grave. The potential to expose our client to all manner of damage, loss of business and loss of goodwill is also very real.
“For this reason, our client has approached the federal high court in suit No. FHC/AB/CS/113/2021 between ENaira Rayment Solutions Limited v Central Bank of Nigeria to seek restraining orders, including an order to restrain the CBN from proceeding with the proposed launching on the 1st of October 2021.
“The CBN is hereby put on notice of the pendency of this suit and advised not to resort to self-help or present the honourable court with a fait accompli by proceeding with the proposed launching pending the hearing and determination of this suit.
“In the interim, the CBN is hereby warned to cease and desist from using or purporting to use the name “eNaira” for its product or in any way, form or manner infringing or threatening to infringe on our client’s Trademark or violating our client’s corporate name.”
Don’t link your SIM card with another person’s NIN, NCC warns
The Nigerian Communications Commission has warned telecom consumers not allow their National Identification Number to be linked to another person’s Subscriber Identity Module (SIM) card no matter how close the person is to them.
The commission gave the warning during its third Telecom Consumer Town Hall on Radio (TCTHR) programme on Human Rights Radio 101.1FM in Abuja.
The event was hosted on the platform: “NCC Digital Signature on Radio”, a statement by the NCC stated on Tuesday.
The NCC Digital Signature on Radio is the flagship radio programme of the commission created to educate the general public on the mandate of the commission and for sharing salient, consumer-centric and up-to-date information on how the NCC is delivering on this mandate.
Speaking during the radio programme, focused on: “The Benefits of NIN-SIM Integration”, NCC’s Director, Consumer Affairs Bureau, Efosa Idehen, said, “On no account should a telecom consumer, however, circumstanced, allow another person to register a SIM with their NIN.”
Idehen said compliance with the advice would protect the true owner of the NIN from liabilities or negative consequences arising from the use of another person’s SIM.
He said, “If the person whose SIM is linked to your line uses his own SIM to commit a crime or any form of atrocity, it is easy to be traced to you, and then you will be dealt with because the SIM is linked to your NIN.”
Lagos threatens to suspend NURTW, RTEAN over clashes
The Lagos State Government has threatened to suspend operations of transport unions in the Mile 2 area of the state should they continue to clash.
Three people reportedly died during a bloody clash last week on the Mile 2 and Amuwo Odofin axis between the Road Transport Employers Association of Nigeria and the National Union of Road Transport Workers, Amuwo division.
Responding to the violence, the Lagos State Government on Tuesday brokered peace between the warring factions in Alausa, Ikeja, Lagos.
Special Adviser to the Governor on Transportation, Oluwatoyin Fayinka, stated that the state government would deal with the case after the police had concluded their investigation and presented the report of the crisis.
He noted that multiple levies on truckers by the unions around the axis had been the cause the dispute.
Fayinka warned the unions to beware of infiltrators as this would soil their reputation and lead to an abrupt end of the activities by the state government as the safety of lives and properties is first and sacrosanct.
Port congestion: Relocate overtime cargos, Customs urges NPA
The Nigeria Customs Service has advised the Nigerian Ports Authority to move all overtime cargos from the terminal to reduce congestion.
This advice was given bythe Apapa Area Command of the NCS, noting that the transfer of overtime cargos from the ports to the government warehouse in Ikorodu was the responsibility of the NPA.
Cargos are classified as overtime when they stay in the ports for 28 days without the importer or clearing agent coming up to clear them.
Managing Director of the NPA, Muhammed Bello-Koko, had recently said there were over 5,000 overtime containers across the nation’s seaports taking up space for new imports.
Bello- Koko, who spoke during an interactive session organized by the House of Representatives Committee on Customs, had asked the Service to auction the overtime containers to decongest the nation’s seaports.
The NCS Controller of Apapa, Yusuf Malanta, who spoke when he received executive members of the Shipping Correspondents Association of Nigeria in his office, said it required a lot in terms of logistics and financial commitment to move overtime cargos from the port to the government warehouse in Ikorodu.
According to him, there were currently about 500 overtime containers, including import and export, at the Apapa port, and that it would cost an average of N600,000 to move each of the containers from the port to Ikorodu – a cost which he said the command was not ready to bear.
The customs boss explained that there were also laid-down procedures for the disposal of overtime cargoes that must be followed before they are auctioned, to avoid litigation.
Don’t link your SIM card with another person’s NIN, NCC warns
Lai Mohammed insists no proof protesters were killed at Lekki tollgate
Updated: #EndSARS memorial protests rock Lagos, Abuja, two arrested at Lekki tollgate
CCECC completes Apapa port link to Lagos-Ibadan railway
Customs: Vehicle tariff reduction to begin next week
Biden, Treasury Secretary say Republicans COVID-19 aid too small
- News7 days ago
Sunday Igboho suffers organ failure, rushed to hospital – Lawyer
- metro6 days ago
Indian man jailed for killing wife using cobra
- Sports6 days ago
Balogun to critics: You can’t criticise me for not trying
- Politics7 days ago
Anambra deputy governor, Okeke, dumps APGA for APC
- metro6 days ago
Pandora: Secret deal between Sambo Dasuki’s family, billionaire contractor exposed
- News3 days ago
Bandits release Emir of Bungudu after one month
- Politics4 days ago
Osinbajo-for-President Campaign Posters Flood Ibadan
- metro5 days ago
ISWAP leader, Modou Okocha injured, 5 soldiers killed in military convoy ambush