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The Nigerian Communications Commission (NCC) will publicly release the names of 18 banks that have failed to settle their outstanding debts.
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The banks collectively owe N200bn, and the NCC is preparing to take action, including suspending USSD services for the defaulters.
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Only four banks have met the payment requirements outlined in a joint directive issued by the Central Bank of Nigeria and the NCC in December 2023.
The Nigerian Communications Commission (NCC) has announced plans to publicly release the names of 18 banks that have failed to settle their outstanding debts for using Mobile Network Operators’ Unstructured Supplementary Service Data platforms.
The banks collectively owe N200bn.
According to impeccable industry sources, only four banks have met the payment requirements outlined in a joint directive issued by the Central Bank of Nigeria and the NCC in December 2023.
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The directive stipulated that 60 per cent of pre-API invoices must be settled by January 2, 2025.
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The Chairman of the Association of Licensed Telecom Operators of Nigeria, Gbenga Adebayo, noted that while smaller banks have begun to settle their obligations, tier-one lenders, which owe the bulk of the debt, have yet to make significant payments.
“We are seeing payments from smaller players, but the big banks, which owe the most, have not been forthcoming,” Adebayo said.
Telcos propose 100% tariff hike, await NCC nod
Nigerian telecommunications companies have proposed a staggering 100 per cent increase in tariffs, pending approval from the Nigerian Communications Commission (NCC).
According to Karl Toriola, Chief Executive Officer, MTN Nigeria on Thursday, the proposed tariff hike is imperative for the sustainability of the industry.
