Court Okays CBN Launch Of eNaira

The Federal High Court 8, Abuja has given a go ahead to the Central Bank of Nigeria (CBN) for the launch of eNaira.

ENaira Payment Solutions Limited v. Central Bank of Nigeria (FHC/ABJ/CS/113/2021) came up today, Thursday, September 30, 2021, at the Federal High Court 8, Abuja presided over by Justice Taiwo Obayomi Taiwo. The Principal Counsel, D. D. Dodo SAN led the team for the Defendant

CBN counsel urged the Court to strike out the Plaintiff’s Motion Exparte seeking to restrain the launch of the Defendant’s digital currency in view of its significance to the nation’s economic advancement.

TheFact Nigeria reports that the Court was not disposed to striking out the Plaintiff’s Motion Exparte but was of the view that the launch of the digital currency should go ahead in the nation’s interest and the economic advancement of the Country, especially as the Plaintiff can be adequately compensated in damages.

The matter was adjourned to 11th October, 2021 for further hearing.

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