Costumers of these 9 banks and others may not receive alert from 27th January

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Due to nine banks’ inability to pay off a N160 billion debt that has accumulated since 2019, telecommunications providers will terminate their access to Unstructured Supplementary Service Data (USSD) per the Nigerian Communications Commission’s (NCC) directive.

The following banks and their USSD codes were listed by the NCC in a notice on Wednesday: First City Monument Bank (329), Jaiz Bank Plc (773), Polaris Bank Limited (833), Sterling Bank Limited (822), United Bank for Africa Plc (919), Unity Bank Plc (7799), Wema Bank Plc (945), Zenith Bank Plc (966), and Fidelity Bank Plc (770).

The NCC claims that if these banks don’t pay their debt, telcos would cut off their access to USSD by Monday, January 27, 2025. The NCC stated, “The Commission wishes to notify consumers that, as part of its consumer protection mandate, they may not be able to access the USSD platform of the affected financial institutions as of January 27, 2025.”

Telcos had earlier said that they would temporarily deny 18 banks access to USSD due to their failure to pay a N200 billion debt. Nine of these banks have made payments, according to the statement released on Wednesday, while the remaining nine have not. The entire debt has decreased to N160 billion, it was observed.

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