Umbrella body of the telcom companies in the country, the Association of Licensed Telecom Operators in Nigeria (ALTON) has announced that they've withdrawn USSD services it provides to Deposit Money Banks (DMBs) over N120b debt.
A statement issued on Friday, May 12, and signed by the Chairman and Head of Operations of ALTON, Gbenga Adebayo and Gbolahan Awonuga, said the approval was granted because despite multi-party stakeholder efforts to resolve the situation and prevent any impact on services, banks have continued to incur greater and greater debt, without making the commensurate payments.
The statement read;
