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Telecom operators are but to get agency settlement from industrial banks who they allege are owing N120 billion for Unstructured Supplementary Companies Knowledge (USSD).
The Nigerian Communications Fee (NCC) had in September on the Telecom Executives and Regulators Discussion board (TERF) stated the deposit cash banks agreed to pay the debt after the intervention of the Central Financial institution of Nigeria (CBN).
Umar Danbatta, govt vice chairman of the NCC, stated the difficulty between the banks and telcos was resolved at a current assembly between Folashodun Shonubi, the interim CBN Governor, the NCC, telecom operators, and the banks.
Nevertheless, Gbenga Adebayo, President of the Affiliation of Licenced Telecommunications Operators of Nigeria (ALTON) stated on Thursday, that whereas there was some admission by the banks that certain quantity of debt is being owed, they had been but to agree with the telcos on the right way to flesh out the small print and modality for cost.
“Discussions are ongoing, it has not been resolved. However there may be some admittance by the banks that they owe telcos. It’s now the mechanism for cost that has not been reached,” Adebayo stated.
Learn additionally: Telcos, banks resolve N120bn USSD debt dispute
Nonetheless, Adebayo stated there was progress on condition that the banks have agreed they owe the banks.
Different telecom stakeholders additionally confirmed they had been but to get a definitive assertion from the banks on how the cash will likely be paid.
Danbatta has stated that the delay in paying the debt may impression the monetary inclusion drive of the CBN.
In accordance with him, the USSD service is being offered to the banks, who in flip present the service to their clients. The query was who ought to be paying for the service.
“They wished end-user billing, however we stated the service is being offered to the banks, to not their clients. The banks cost their clients for the service, and they’re to pay the telcos within the type of company billing, which is neat.
“Then alongside the best way, there was a misunderstanding and the debt stored piling till it reached a humongous quantity of over N100 billion. Even at that, the service was nonetheless being offered to clients by the banks utilizing the telecom infrastructure and the telcos had been being paid nothing. This was regardless of the intervention of the rapid previous Minister,” Danbatta stated.
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