NEWS

N200bn Debt: NCC Permits Telcos To Disconnect Nine Nigerian Banks From USSD Service

The Nigerian Communications Commission (NCC) has authorised telecommunications companies to disconnect nine Nigerian banks from using their designated Unstructured Supplementary Service Data (USSD) codes due to unpaid debts.

This was announced in a notice issued on Tuesday, signed by NCC spokesperson Ruben Muoka.

The regulator stated that from January 27, 2025, the affected banks will lose access to the assigned USSD services provided by mobile network operators. The banks include Fidelity Bank Plc, First City Monument Bank, Jaiz Bank Plc, Polaris Bank Limited, Sterling Bank Limited, United Bank for Africa Plc, Unity Bank Plc, Wema Bank Plc, and Zenith Bank Plc.

USSD codes affected by this directive include 770, 919, and 822, among others.

“By the information made available to the commission as of the close of business on Tuesday, 14th January 2025, of a total of 18 financial institutions, the nine institutions listed below have failed to comply significantly with the directives in the Second Joint Circular of the Central Bank of Nigeria and the commission dated December 20, 2024, for the settlement of outstanding invoices due to MNOS, some since 2020.

“In fulfilment of its consumer protection mandate, the commission wishes to inform consumers that they may be unable to access the USSD platform of the affected financial institutions from January 27, 2025,” the Commission said.

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