Telecommunications operators have not foreclosed legal action in compelling Deposit Money Banks (DMBs) to pay the lingering N120 billion Unstructured Supplementary Service Data (USSD) debt owed them.[ad] The impasse, which has lasted for about four years, is brewing a rift between the telecoms sector and financial industry.
Telecommunications operators have not foreclosed legal action in compelling Deposit Money Banks to pay the lingering N120 billion Unstructured Supplementary Service Data debt owed them. The impasse, which has lasted for about four years, is brewing a rift between the telecoms sector and financial industry.
He stressed that the matter is commercial, alluding to issue of willing buyer and willing seller, adding: “When they didn’t pay, it was appropriate to just withdraw the service. But because, there was political interference, nobody could enforce those commercial terms. Adebayo, however, warned that if the matter is not resolved promptly, withdrawal of services would be inevitable.
Human rights lawyer, Mr. Femi Falana , has urged the National Assembly to amend the nation’s Constitution towards empowering the Accountant-General of the Federation to deduct from source, the counterpart fund payable by every state government to the Universal Basic Education Fund. He also urged the Federal Ministry of Education to reduce the number of…
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Telecoms operators may sue banks over N120b USSD debtTelecommunications operators have not foreclosed legal action in compelling Deposit Money Banks (DMBs) to pay the lingering N120 billion Unstructured Supplementary Service Data (USSD) debt owed them.[ad] The impasse, which has lasted for about four years, is brewing a rift between the telecoms sector and financial industry.
Read more »