Telecoms companies want to withdraw USSD services due to the N42 billion accumulated debt owed by banks.

HILLARY ESSIEN


The federal government has moved to intervene in the dispute between Nigerian banks and telecommunication companies, directing the latter to suspend its plans to withdraw USSD services from banks.

A press statement signed by Femi Adeluyi, the Technical Assistant on Information Technology to the Minister of Communications and Digital Economy, Isa Pantami on Saturday read:

‘’The Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, has directed that the impending suspension of the USSD services by the Mobile Network Operators (MNOs) be put on hold.

“In a bid to ensure amicable resolution of the impasse, Dr Pantami has called for a meeting of all stakeholders, including Governor of the Central Bank of Nigeria, the Executive Vice Chairman of the NCC (Nigerian Communications Commission), the MNOs (Mobile Network Operators), and the financial institutions.”

Mr. Pantami’s call follows the decision of telecoms services providers, under the aegis of Association of Licenced Telecommunications Operators of Nigeria (ALTON), to withdraw USSD services due to the N42 billion accumulated debt owed by banks. The shut out is billed to commence from Monday.

The outcome of the meeting called by the minister for Monday would determine the next step regarding the status of the financial services.

Peoples Gazette had reported that ALTON said the service withdrawal was necessary as both parties had yet to agree on a payment structure with the banks that did not involve the consumer paying.

https://peoples-gazette.com/pantami-warns-telcos-against-blocking-bank-ussd-services/

Peteri

UNITED STATES SHOULD INCLUDE THIS ISAH ALI PANTAMI TO THEIR TERROR WATCH LIST. HE SEEMS TO BE A GOOD FRIEND OF SHECOW

Imagine banks owning debt..

Even with their ridiculous interest rate on loan

The banks don't waste time to deduct the customer but for them to pay TELCOs they can't but instead would rather put pressure on the minister to keep the TELCOs at bay ..instead of the minister to get the banks to pay he is supporting them to kill the TELCOs

Okay

Damnnn niggarrrr


Isoright......anyhow them like make them do

Me nor be fan of ussd before

Banking app sure me die

Lol.

Pantami, e don reach your turn today.

Shildren of 8, anger and frustration will soon shred you to pieces.

I have nothing to say may the person below me may have reasonable things to say

We hope they listen or else.......

Ok

who does the minister think he is?

Do you guys care whatever happens to the masses. In as much as u are looting as u like there is no problems. Masses can go and die. Buhari will surely go down as the most useless president ever in the history of this country.

The telcos are business organisations and can take any action necessary to recover bad debt due to them

7th to comment

This guy is a Boko Haram Minister , very strict and never bending the rules

post=99883517:
We hope they listen or else.......

It's win win for u guys whether they listen or not. Buhari is less concerned especially when it comes to the welfare of the masses.

Firstbank Nigeria plc! With all the money they have been deducting from my account, yet they are still owing.

Instead of telling Banks to pay, he's warning telcos. Upon all dubious and multiple bank charges they can't pay.
Shame to them

Wait ooop, same banks declaring billions in profit can't meet up with obligations. Na wa ooo

And na the masses go suffer pass from this. Ask me how.

Pantami

Most of this Telecoms are now usurping banking duties like deposits, withdrawals etc. Through access money etc. I begin to wonder if they have license to do these services.

On my current account, am being debited 4-5k monthly for maintenance charges that doesn't include charges on 10k above o.. They keep ripping people but don't want to pay their dues

Hope

Both d telecom and d bank are senseless

If the most educated northerners are this daft, imagine the State of their illiterates.

Telecos run a business. Banks too run a business.

The banks charge customers to use the USSD platform.

The fact that a fraction of that money has not been used to pay their debt means there is a problem somewhere.

Dbdh

Uhm