Nigeria: Unpaid Debt - Telecoms Threaten Withdrawal of Services to Financial Institutions

30 September 2022
Leadership (Abuja)

Telecommunications operators are threatening to withdraw their services to banks and other financial institutions in Nigeria due to their unwillingness to pay their debts.

To this end, bank customers will not be able to make ATM withdrawal or do transfers as well as other digital banking related services, if the telecommunications operators withdraw their services.

Chairman of the Association of Licensed Telecommunications Companies of Nigeria(ALTON), Engr. Gbenga Adebayo, at ongoing Nigeria Information Technology Reporters Association(NITRA), ICT Growth Conference 2.0, with the theme: 'Creating a Digital Ecosystem in Nigeria:The Hurdles The Gains,' said the debt payment has lingered for too long.

Adebayo said, the plan for payment of the services rendered to bank customers, which is paid on the go by the customers, is long over due.

Read the original article on Leadership.

Tagged:
Copyright © 2022 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.