The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from N42 billion in 2021.
The President of ALTON, Mr Gbenga Adebayo, disclosed this during the ICT Growth Conference 2.0. organised by the Nigeria Information Technology Reporters Association (NITRA) on Thursday in Lagos.
The conference had the theme, “Creating a Digital Ecosystem in Nigeria: the Hurdles, the Gains”.
Adebayo said the debt owed members of the association was for services rendered to banks.
He noted that in spite of government’s intervention in the matter, many banks were not cooperating as regards paying their debt.
“Some banks are responding while others are not. We are nearing that time when we have no choice but to discontinue the provision of services to banks.
“I think it is dishonourable that our colleagues in that sector know that they have an obligation to service providers and are shying away from it.
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