Beginning January 27, 2025, the united states codes of 9 banks in Nigeria may per chance discontinue working. This is as a result of unpaid cash owed owed to telecommunication corporations, as directed by the Nigerian Communications Commission (NCC).
USSD codes are a rapid methodology for many Nigerians to preserve out banking transactions with out wanting the obtain. On the different hand, if these banks don’t determine their cash owed, clients may per chance no longer derive entry to this provider.
The NCC has released a list of the affected banks and their USSD codes:
- Constancy Monetary institution Plc – *770#
- First Metropolis Monument Monetary institution – *329#
- Jaiz Monetary institution Plc – *773#
- Polaris Monetary institution Restricted – *833#
- Sterling Monetary institution Restricted – *822#
- United Monetary institution for Africa (UBA) – *919#
- Harmony Monetary institution Plc – *7799#
- Wema Monetary institution Plc – *945#
- Zenith Monetary institution Plc – *966#
The debt, which has accrued since 2019, now stands at ₦160 billion. The NCC has warned that if these banks fail to pay, their USSD products and companies will be disconnected by telecommunication corporations.
This methodology that hundreds and hundreds of clients utilizing these codes for cash transfers, airtime purchases, or checking balances may per chance must collect different the precise way to derive entry to banking products and companies. The NCC has acknowledged that this switch is fragment of its efforts to guard consumers.
On the different hand, they imply that clients preserve suggested about updates from their banks and prepare for that you just would judge disruptions in USSD products and companies.
To steer certain of surprises, verify if your monetary institution is on the list. That you just can must discover different suggestions, comparable to cell apps or visiting the monetary institution, if the provider is disrupted.
