As the Federal Government directed Mobile Network Operators to put their plan to suspend USSD services to banks on hold, The Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications and Digital Economy, Dr. Isa Pantami, and the Executive Vice Chairman of the Nigeria Communications Commission, Prof Umar Danbatta, will on Monday meet banks and telecoms operators over threat by Telcos to disconnect Unstructured Supplementary Service Data to banks.
The directive to this effect was given by Pantami, according to a statement signed by the Technical Assistant (Information Technology) to the Minister of Communications and Digital Economy, Dr Femi Adeluyi.
Association of Licensed Telecommunications Operators of Nigeria had announced on Friday that Telcos would disconnect banks from USSD services on Monday due to their over N42bn debt.
Pantami has however called for a meeting on Monday with all stakeholders including the Governor of the Central Bank of Nigeria, the Executive Vice Chairman of the Nigerian Communications Commission, as well as the MNOs and financial institutions.
While noting that the minister had sent a letter with respect of the issues to the CBN governor on March 3 on the need for the banks to do the needful, Adeluyi said, “The outcome of the meeting will determine the next steps regarding the status of USSD financial services.”