NCC orders Telcos to disconnect nine indebted banks from USSD platform
The Nigerian Communications Commission (NCC) has ordered telecommunication companies to disconnect the Unstructured Supplementary Service Data (USSD) codes assigned to nine banks due to unpaid debts. This was made known in a public notice signed by NCC’s Director of Public Affairs, Reuben Muoka, on Wednesday. Muoka said the affected banks must settle their outstanding debts by January 27, 2025, or risk losing access to their USSD codes. The banks are Fidelity Bank (770), First City Monument Bank (329), Jaiz Bank (773), Polaris Bank Limited (833), Sterling Bank Limited (832), United Bank for Africa (919), Unity Bank (7799), Wema Bank (945), and Zenith Bank (966). The NCC spokesman noted that the codes, which are essential for enabling mobile banking services, could be reassigned to other applicants if the debts remained unresolved. He said that on Tuesday, January 14, nine out of 18 banks had not complied with regulatory directives. “While other banks have cleared their debts, the ...