The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, has disclosed that network providers will disconnect banks from the Unstructured Supplementary Service Data (USSD) code.
ALTON, the umbrella body for MTN Nigeria, Airtel, Glo, 9mobile amongst others, had disclosed that the banks have failed to remit commission from the charges of the USSD used by bank account holders for electronic transactions.
The debt has risen to N80 billion as of November 2022 from N32 billion in 2019. As a result of the growing debt, the network providers have continued to threaten disconnection.
