Financial Institutions, especially the banks, currently owed telecommunications operators about N17 billion in unpaid Unstructured Supplementary Service Data (USSD) rendered by them on the service providers network platforms, The Guardian reports.
This was made known on Thursday by the Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, during a webinar organised by the Association of Telecommunications Companies of Nigeria (ATCON).
Danbatta explained that the N17 billion accrued since the period the Minister of Communications and Digital Economy, Dr. Isa Pantami directed mobile network operators (MNOs) to stop charging consumers the N4 per 20 seconds USSD charges.
Pantami gave the order in October 2019, following serious public outcries on the matter in the country.
____
Follow us on Twitter at @thesignalng
Copyright 2020 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.
