Commercial banks in the country are owing telecommunications companies over N17 billion on Unstructured Supplementary Service Data pricing last year, theThe commission said this through a statement signed by the spokesperson, Ikechukwu Adinde, on Thursday.
It said 98 per cent of the total service-related complaints received from telecoms consumers within a 15-month period, spanning January 2019 to April 2020, have been successfully resolved by the Commission. The amendment to its USSD Determination was necessitated by a protracted dispute between Mobile Network Operators and Financial Institutions on the applicable charges for USSD services and the method of billing.As a responsive and effective regulatory authority, the Commission recognises that its policies are not static and may be modified from time to time as circumstances demand.