This was made known in a statement signed by Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), on Friday in Lagos.
He said that Mobile Network Operators (MNOs) would disconnect banks if they failed to pay the debt owed.
Adebayo said that the approval was granted because, in spite of the multi-party stakeholder efforts to resolve the situation and prevent any impact on services, banks continued to incur greater debt, without making commensurate payments.
