The Federal Government has directed Mobile Network Operators (MNOs) to put on hold the impending suspension of Unstructured Supplementary Service Data (USSD) banking services.
The directive was given by the Minister of Communications and Digital Economy, Dr. Isa Pantami, in a statement on Saturday evening.
The statement was signed by the Technical Assistant (Information Technology) to the Minister, Dr. Femi Adeluyi.
The Association of Licensed Telecommunications Operators of Nigeria had announced on Friday that they would disconnect banks from USSD services on Monday due to over N42 billion debt.
Pantami has however called for a meeting on Monday with all stakeholders including the Governor of Central Bank of Nigeria; the Executive Vice Chairman of Nigerian Communications Commission, as well as the MNOs and financial institutions.
Adeluyi said the purpose of the meeting was to ensure an amicable resolution of the impasse.
“The outcome of the meeting will determine the next steps regarding the status of USSD financial services,” the statement said.
Adeluyi noted that the Minister had sent a letter regarding the issue to the CBN Governor on March 3, 2021, on the need for the banks to do the needful.