The Nigerian Communications Commission (NCC) is set to name 18 banks that have failed to settle over N200 billion debt owed to telecom operators for the use of Unstructured Supplementary Service Data (USSD).
Sources with knowledge of the matter told PREMIUM TIMES on Monday that the network service providers may also effect the suspension of the USSD service soon.
The USSD debt has been accumulating since 2018, and despite a joint directive from the Central Bank of Nigeria (CBN) and the NCC, only four banks have complied with the payment requirements, sources told this newspaper on Monday.