Nigerian Communications Commission (NCC) Has Said, Banks Owe Telcos N17bn For USSD Access

The Executive Vice Chairman of the Nigerian Communications Commission Professor Umar Danbatta, has said that some commercial banks in Nigeria are owing telecommunication company over N17bn for unstructured Supplementary Service Data access. This debt, according to him, accumulated following the regulator’s suspension of its determination on USSD pricing in 2019. Danbatta spoke at ATCON’s virtual forum, themed ‘Meeting the interests of government, consumers and telecom's companies in Covid-19 era and post COVID-19 pandemic for digital economy development.

In order to protect the interests of consumers and support a robust telecommunications sector, Danbatta announced that it had revised the determination on the USSD.

The EVC noted that the Minister of Communications and Digital Economy, Dr Isa Pantami, had already been briefed on the development with a view to ensuring a quick settlement of the debt.

Explaining the commission’s efforts at resolving consumer-related issues, he noted that when the commission introduced the Do-Not-Disturb (DND) code in 2015, less than 500,000 people activated the code.

Source: FinancialEdge
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