The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta has said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on Unstructured Supplementary Service Data (USSD) Pricing last year. The NCC had recently announced that it had revised the Determination on the USSD. The NCC also determined that Mobile Network Operators must not charge the consumers directly for the use of USSD channels for financial services in the form of end-user-billing, but revert to corporate billing. The transaction should be between the MNOs and the entity to which the service is provided (i.e. According to the report, its creditors were the United States and Canada, which Britain transferred £43 million and £12 million respectively.

Source: Nigerian Tribune August 06, 2020 16:17 UTC