Telcos, banks finally reach agreement on ₦120 billion USSD debt

This was disclosed by the Executive Vice Chairman of the NCC, Prof. Umar Danbatta during the Telecom Executives and Regulators Forum (TERF) held in Lagos.

According to Danbatta, the agreement to clear the accumulated debt and continue the relationship between the two entities was made possible through the intervention of the Acting Governor of the CBN, Folashodun Shonubi.

He added, “I think this is an important development for the telecoms industry, that we have found an amicable resolution of the problem because we’re all serving the same government.