USSD code of 9 banks set to be disconnected today over lingering N250bn debts
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 27 2025USSD Debt Crisis: The Nigerian Communications Commission (NCC) has warned nine banks to settle their N250 billion USSD debt by January 27, 2025, or risk losing access to their USSD services, with telecom operators prepared to disconnect services for non-compliant banks.
Regulatory Actions and Compliance: While some banks have begun to comply with the payment directives, others remain in default, prompting the NCC and Central Bank of Nigeria (CBN) to outline strict deadlines for settling both past and future debts related to USSD transactions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
