USSD service disruption: MTN, banks assembly finish in a impasse, continues at this time

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The assembly between MTN and the industrial banks is predicted to proceed at this time because the one held yesterday between each events resulted in a impasse.

The officers of the industrial banks and MTN had been bodily current within the hybrid assembly whereas the Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami; the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele; and the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, joined just about.

According to a report from Thisday, the assembly was adjourned to Wednesday after the dialogue on the problems surrounding the industrial dispute had been inconclusive.

However, a supply added that the assembly was unlikely going to be concluded at this time, due to the gray points within the industrial dispute, however expressed optimism that the decision is likely to be reached on Thursday.

The Chief Executive Officer of MTN Nigeria, Mr Karl Toriola, had earlier written a letter to the CEO of banks the place he reminded them of yesterday’s hybrid assembly.

The letter partly reads, “In an attempt to resolve the current USSD recharge impasse, given the intervention from our regulators, we hereby agree that the banks revert to the status of 4.5 per cent commission. However, the banks and MTN Communications Nigeria Plc shall sit to agree on various options that will result in the reduction in the costs on April 6, 2021.”

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It will be recalled that on Thursday final week, MTN subscribers had been disconnected from all banking channels by the industrial banks, as a consequence of disagreements over banks’ fee which was decreased by the cellular community operator from 4.5% to 2.5%

The industrial banks, in an earlier written communication with MTN, had been reported to have requested for a reversal to the previous fee or they’d block MTN airtime recharge providers in all their channels.

All the industrial banks, besides Zenith Bank which was related on to MTN, thereafter barred MTN from their banking channels, leaving many MTN subscribers stranded and pissed off as they had been unable to recharge airtime via USSD and financial institution apps amid the Easter celebrations.

However, the Federal Government, via the Minister of Communications and Digital Economy, Isa Pantami, had waded into the matter and had a gathering with the CBN Governor, Godwin Emefiele, on Sunday, the place it was agreed that each events ought to return to the established order pending the decision of the problems.

The banks instantly reconnected all MTN prospects and a gathering was fastened for yesterday April 6, 2021, to start negotiations that might result in the decision of the industrial dispute between the banks and MTN.

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