The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) are jointly working to resolve a protracted dispute between telecommunications companies and commercial banks over unpaid fees for Unstructured Supplementary Service Data (USSD) services.
USSD, commonly used for mobile banking and financial transactions like fund transfers and balance checks, has become the center of a N250 billion debt issue, according to the Association of Licensed Telecommunication Operators of Nigeria (ALTON).
The conflict stems from a 2019 proposal by telcos to charge users N4.50k per 20 seconds for USSD services, a move banks opposed, citing a potential 450% cost hike.
Dr. Ikechukwu Adinde, Director of Consumer Affairs Bureau at the NCC, expressed optimism about a resolution, noting that the commission is actively engaging with the CBN to ensure an amicable outcome.
No comments:
Post a Comment