Telecommunications companies and Deposit Money Banks (DMBs) have resolved their disagreement over the debt rising from the billing of the Unstructured Supplementary Service Data (USSD).
The banks were owing the network providers N120 billion from the use of the USSD platform, which is charged on a corporate billing rather than end-user billing as preferred by the DMBs.
On Thursday, the Executive Vice Chairman of the Nigerian Communications Commission (NCC) Umar Danbatta, stated that the intervention of the Governor of the Central Bank of Nigeria (CBN), Fola Shonubi, led to the settlement.
