The Nigerian Communications Commission (NCC) says it has ordered telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) codes assigned to nine financial institutions due to unpaid debts.

In a signed public notice, the commission said the affected banks must settle their outstanding debts by Jan. 27, 2025 or risk losing access to their USSD codes

The NCC noted that the affected USSD codes which include 770, 919, and 822, among others, and are essential for enabling mobile banking services, could be reassigned to other applicants if the debts remained unresolved.

According to the NCC, some of the unpaid invoices have remained unpaid since the year 2020, indicating a prolonged financial dispute between the banks and telecom operators.

READ ANOTHER RECENT STORY https://classic97.net/nigerias-inflation-rate-hits-34-80/