The Nigerian Communications Commission has authorised telecommunications companies to disconnect the Unstructured Supplementary Service Data codes assigned to nine financial institutions.
The directive was signed by the commission’s Director of Public Affairs,Reuben Muoka following a backlog of unpaid debts by the financial institutions.
He noted that the affected banks are to pay the outstanding debts by the 27th of January, 2025, or risk losing access to their USSD codes.
The affected financial institutions include Fidelity Bank Plc, First City Monument Bank, Jaiz Bank Plc, Polaris Bank Limited, Sterling Bank Limited, United Bank for Africa Plc, Unity Bank Plc, Wema Bank Plc, and Zenith Bank Plc.
The NCC emphasised that the financial institutions had been duly notified of the need for immediate compliance and warned that consumers may face service disruptions if the issues remain unresolved.
This development highlights ongoing tensions between telecommunications companies and financial institutions over unpaid USSD-related debts, a challenge that has persisted for years.
States in the South-West region are jointly working out a strategy to combat the suspected rising influx of bandits and fighters from the Islamic State’s West Africa Province into some of the region’s forests. It will be recalled that the Oyo State Governor, Seyi Makinde, warned that bandits fleeing military operations in the North-West were seeking refuge in the state. While raising this concern at the at the 2025 annual […]
Post comments (0)