December 2, 2022

Telecom Operators in Nigeria Threaten to Withdraw USSD Service from Banks

Telecommunications operators in Nigeria have threatened to withdraw their service support to banks as unstructured Supplementary Service Data (USSD) debt rises to N80 billion.

Mr. Gbenga Adebayo who is the Chairman Association of Licensed Telecommunications Operators of Nigeria (ALTON), disclosed this in Lagos during an interaction with news men at the NITRA ICT Growth Conference 2.0 organised by the Nigeria Information Technology Reporters Association.

According to him the matter has remain unaddressed and the USSD debt has now increased to N80 Billion. It would be recalled that the Nigerian Communication Commission (NCC) last year said a meeting was convened to resolve the N42 billion USSD debt between the telecom operators and the banks in the country.

The huge debts came as a result of deductions made by way of commission by the banks during banking transactions but were never remitted to the telecom operators that own the infrastructure on which the transaction thrive.

Mr. Adebayo said that the Telcos have continued to provide access to the USSD infrastructure despite the debt owed by the banks, the major beneficiaries of the USSD code.

The ongoing crisis had therefore led to a new threat by the Telcos, which planned to disconnect the banks from having further access to the service.