The name 'ZAP' has led to numerous legal disputes due to its use by different companies and the lack of clear ownership rights.
The Origin of 'ZAP'
In 2009, Zain announced the launch of its mobile banking service, Zap, in Africa, aiming to enhance financial services for the population. However, there is no evidence that this service was introduced in Nigeria.
Various Companies Using the Name 'ZAP'
There are other companies such as Zappy, which offers digital banking solutions in Nigeria, and Zaps Logistics, providing delivery services. Each uses the name 'Zap' but with different business models and offerings.
Legal Aspects of Trademark Registration
In Nigeria, registering a company name with the CAC does not confer exclusive rights to that name. To secure such rights, trademark registration is required, which complicates the enforcement and protection of brands, particularly when using generic terms.
The issue surrounding the name 'ZAP' demonstrates the importance of careful trademark registration and the necessity of upholding intellectual property rights in business.
