The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, said the network providers have sent Unstructured Supplementary Service Data (USSD) withdrawal notices to banks.
Both the network providers and the deposit money banks are in a dispute over N120 billion debt which rose from the usage of USSD by the lenders’ customers.
He made this known in a report by The Nation on Friday, where he said the intervention of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, hasn’t led to the big banks paying up their debt, instead, they are coming up with excuses.
