Pay Your N120bn USSD Debt – Telcos Issue Banks Disconnection Notice

Telecommunication firms have issued Deposit Money Banks disconnection notice amid a disagreement over Unstructured Supplementary Service Data service debt running to over N120bn. According to telcos, banks owe them N120bn for using their USSD infrastructure for financial services. As a result, the telcos — MTN, Glo, Airtel, and 9mobile- have now stated their firm intention to disconnect bank customers from accessing bank services through USSD short codes. The notice of disconnection came after the Nigerian Communications Commission granted telcos the approval to disconnect the banks after efforts of stakeholders, led…

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