The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says the accumulated debt from the unstructured supplementary service data (USSD), owed to them by banks, rose to N80 billion as of November this year.
The Chairman of ATCON Gbenga Adebayo, made this known in a recent interview, He said a time would soon come when telecommunication companies would be forced to withdraw from USSD services as banks refused to pay.
Recall that in 2019, telecommunication companies said they could no longer provide the services for free and proposed to take a cut of N4.50k per 20 seconds from the charges paid by customers to the banks.
However, the banks kicked against it, alleging that it would raise costs by 450 percent.
