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Africa Housing News > Blog > News > CBN, NCC, others discuss over N42b USSD debt
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CBN, NCC, others discuss over N42b USSD debt

Fesadeb
Last updated: 2021/03/16 at 10:56 AM
Fesadeb Published March 16, 2021
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The Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC), telecommunication firms as well as banks are scheduled to meet in Abuja to resolve the N42billion Unstructured Supplementary Service Data (USSD) debt.

The lingering debt issue between the telecom operators and the banks has generated concerns among  stakeholders.

Telecom operators had announced that they would stop banks from using USSD and other financial institutions by yesterday.

However, the Executive Vice Chairman, NCC, Prof Umar Garba Danbatta said on Monday that the issue was being resolved as a meeting had been summoned to address it.

The Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC), telecommunication firms as well as banks are scheduled to meet in Abuja to resolve the N42billion Unstructured Supplementary Service Data (USSD) debt.

The lingering debt issue between the telecom operators and the banks has generated concerns among  stakeholders.

Telecom operators had announced that they would stop banks from using USSD and other financial institutions by yesterday.

However, the Executive Vice Chairman, NCC, Prof Umar Garba Danbatta said on Monday that the issue was being resolved as a meeting had been summoned to address it.

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Fesadeb March 16, 2021 March 16, 2021
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