“The debt is rising and has not been paid by the banks. As of November 2022, the accumulated debt rose to over N80 billion. When we started the argument in 2019, it was N32 billion, and they continue to claim that they are not owing, but our investigation shows that they are still using the USSD platform to offer banking services to their customers, yet they are not remitting to telecom operators who own the USSD platform,” Adebayo said.
In a recent telephone interview with THISDAY, the chairman, Association of Licenced Telecom Operators of Nigeria (ATCON), Mr. Gbenga Adebayo disclosed that the telecom operators may soon be forced to withdraw the USSD services from the banks, a move which will leave millions of customers stranded.
The amount owed Telcos was about N42 billion as at March 2022.
