• Latest
  • Trending
Zenith Bank, UBA, FCMB, others to be disconnected from telcos over unpaid USSD debt

Zenith Bank, UBA, FCMB, others to be disconnected from telcos over unpaid USSD debt

January 16, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Technology Telecommunication

Zenith Bank, UBA, FCMB, others to be disconnected from telcos over unpaid USSD debt

Oluwatosin Adeyemi by Oluwatosin Adeyemi
January 16, 2025
141 9
0
Zenith Bank, UBA, FCMB, others to be disconnected from telcos over unpaid USSD debt

Zenith Bank, UBA, FCMB, others to be disconnected from telcos over unpaid USSD debt

465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

The Nigerian Communications Commission (NCC) has authorised Mobile Network Operators – MTN, Airtel, Globacom, and 9mobile to disconnect Zenith Bank, UBA and other commercial banks’ Unstructured Supplementary Service Data (USSD) codes from their networks from January 27.

The telecom operators have been complaining for years about the banks’ failure to pay them for the USSD service, which they nonetheless charge their customers.

Read also: Airtel Gabon secures licence for first technology-neutral fixed network

The affected banks 

The banks that would be disconnected include First City Monument Bank (FCMB), Zenith Bank, Sterling Bank, Jaiz Bank, UBA, Polaris Bank, Unity Bank, Fidelity Bank, and Wema Bank, the NCC announced in a notice on Wednesday.

RelatedPosts

NCC, CBN partner to address failed telecom transactions, enhance network service quality

NCC, ONSA Intervene in Diesel Supply Dispute, Avert Telecom Disruption

Globacom begins nationwide network upgrade to enhance service quality

The disconnection will prevent millions of Nigerians from accessing USSD to perform transactions. There is a two-week grace period for banks to pay their telecom obligations; if they don’t, their codes will be disconnected and can be reassigned.

“The Commission will thereafter recover such Codes and may reassign them to other applicants in accordance with the applicable instruments.

“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 in the notice signed by its Director of Public Affairs, Reuben Muoka.

Non-compliance of CBN-NCC’s December 20, 2024 joint directives

According to the telecom regulator, as of Tuesday, January 14, 2025, out of a total of 18 financial institutions, only the nine institutions aforementioned had yet to comply with the CBN-NCC directive dated December 20, 2024, for the settlement of outstanding invoices owed to MNOs, some of which date back to 2020.

The financial institutions’ non-compliance with the CBN-NCC Joint Circular also means that they are unable to meet the Good Standing requirements for the renewal of the USSD Codes that the Commission has assigned to them.

“The financial institutions have been duly notified of the need for immediate compliance in accordance with the Commission’s Guidelines on Short Code Operation in Nigeria, 2023,” the NCC added.

Read also: NGX Group invests in Ethiopia’s new Securities Exchange, boosting Africa’s financial growth

The December 2024 CBN-NCC’s joint directive 

The CBN and NCC released a circular in December 2024 ordering banks to pay their USSD debt. The circular required banks to agree to payment plans and reimburse a portion of unpaid invoices.

Additionally, it ordered banks to halt lawsuits pertaining to the debt. Due to the outstanding debt, which was estimated to be N120 billion as of 2023, the mobile network carriers have threatened to cut off the banks for years.

The telcos held off on disconnecting the banks because that action required NCC approval until last year when the NCC and CBN reached a joint decision that paved the way for Monday’s disconnection order.

Tags: Globacommobile network operatorsNCCUSSD
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.