Beginning January 27, 2025, the us codes of nine banks in Nigeria would possibly perhaps perhaps end working. This is ensuing from unpaid money owed owed to telecommunication companies, as directed by the Nigerian Communications Commission (NCC).
USSD codes are a brief system for many Nigerians to finish banking transactions with out a need the web. On the other hand, if these banks don’t settle their money owed, customers would possibly perhaps perhaps no longer access this service.
The NCC has launched a list of the affected banks and their USSD codes:
- Fidelity Bank Plc – *770#
- First City Monument Bank – *329#
- Jaiz Bank Plc – *773#
- Polaris Bank Shrimp – *833#
- Sterling Bank Shrimp – *822#
- United Bank for Africa (UBA) – *919#
- Team spirit Bank Plc – *7799#
- Wema Bank Plc – *945#
- Zenith Bank Plc – *966#
The debt, which has gathered since 2019, now stands at ₦160 billion. The NCC has warned that if these banks fail to pay, their USSD services and products will be disconnected by telecommunication companies.
This system that millions of clients the usage of these codes for money transfers, airtime purchases, or checking balances would possibly perhaps perhaps deserve to search out different tips on how to access banking services and products. The NCC has acknowledged that this transfer is phase of its efforts to present protection to shoppers.
On the other hand, they counsel that customers end told about updates from their banks and put collectively for imaginable disruptions in USSD services and products.
To support a ways flung from surprises, test if your bank is on the list. You would possibly perhaps presumably deserve to discover different alternatives, a lot like mobile apps or visiting the bank, if the service is disrupted.
