Connect with us

Hi, what are you looking for?

Tech

FG Halts  Impending Suspension of USSD Banking Services

Dr Isa Ali Ibrahim Pantami, minister of Communications and Digital Economy

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

The suspension, which was to take effect on Monday, 15th of March, 2021, was due to the lingering debt owed MNOs by commercial banks for the provision of USSD banking services.

In a statement released over the weekend by Dr Femi Adeluyi, Technical Assistant to the Minister on Information Technology, said that “Following the directives of the Honourable Minister on the 20th of October 2019, consumers of telecommunication services and the general public were notified of the immediate suspension of End User Billing for financial transactions through USSD channels.

“Furthermore, as part of measures aimed at addressing the lingering issue of the impasse in the rendering of USSD services to Banks and other financial institutions by Mobile Network Operators (MNOs), an amended Determination on USSD Pricing was issued by the Nigerian Communications Commission (NCC) on the 24th of July 2020.

“However, the issue persisted, hence the decision to suspend the service.

He noted that the Minister sent a letter with respect to the issues to the Governor of the Central Bank of Nigeria on the 3rd of March 2021, regarding the need to direct the banks to do the needful.

“In a bid to ensure an amicable resolution of the impasse, Dr Pantami has called for a meeting of all stakeholders, including the Governor of the Central Bank of Nigeria, the Executive Vice Chairman of NCC, the MNOs and the financial institutions. The meeting is scheduled to hold on Monday, 15th of March, 2021.

“The outcome of the meeting will determine the next steps regarding the status of the USSD financial services”, he added.

 

 

Click to comment

Leave a Reply

Your email address will not be published.

ad

You May Also Like

Sports

In keeping up with the commitment to provide customers with the best World Cup experiences, MultiChoice Nigeria has opened all World Cup games on...

Tech

The Nigerian Communications Commission (NCC) has said the ongoing process to auction two additional lots in the 3.5GHz spectrum for Fifth Generation (5G) is...

Politics

Sen. Ademola Adeleke of the Peoples Democratic Party (PDP), was on Sunday sworn in as the sixth Executive Governor of Osun, along with his...

Politics

Outoing governor of Osun, Alhaji Gboyega Oyetola, says he left N14 billion in the state’s coffers for his successor, Sen. Ademola Adeleke. In his...