Telecommunication firms have said they will not be forgiving the N120bn Unstructured Supplementary Service Data debt banks owe them.
Adebayo stated that the telecoms industry intends to insist on payment or disconnect services. He noted that banks have a moral obligation to pay since they have been collecting payment from their customers for the service.
They are taking money from the bank account of users already. They have the moral burden to pay the debt, and it is not going away.” Since 2019, banks and telcos have been at each other’s throats over the payment of USSD services. When the disagreement began, telcos claimed that banks were owing them N32bn, which grew to N120bn as of recently.
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