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Published 3:57 am
Subscriber groups have threatened to take legal action as soon as the new Unstructured Supplementary Service Data service charge of N6.98 takes effect.
The Central Bank of Nigeria and the Nigerian Communications Commission had announced that USSD services for financial transactions would be charged at a flat rate fee of N6.98 per transaction.
This followed threats by the Mobile Network Operators to withdraw the USSD services from the banks due to an outstanding debt of over N42bn.
The President, National Association of Telecoms Subscribers of Nigeria, Deolu Ogunbanjo, described the charge as a step back from financial inclusion.