Emma Okonji
The meeting between MTN and Deposit Money Banks (DMB) that was held in Lagos ended inclusively yesterday and would continue today.
One of the regulatory sources, who confided in THISDAY, said the meeting was a hybrid one, because it was held physical in Lagos, but was joined virtually from Abuja by 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.
The officials of the banks and the MTN, according to the source, were physically present at the meeting while Pantami, Emefiele and Danbatta joined virtually.
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(AFRICAN EXAMINER) – -MTN customers have been reconnected to banking channels after commercial banks had blocked them from using their channels, including the Unstructured Supplementary Service Data and banking apps on Friday.
The channels were blocked as a result of MTN reducing the banks’ commission on USSD airtime to 2.5 per cent.
However, following the intervention by the Minister of Communications and Digital Economy, Isa Pantami, the Governor of the Central Bank of Nigeria, Godwin Emefiele, as well as the Nigerian Communications Commission, MTN agreed to revert back to 4.5 per cent commission.
In a letter signed by MTN Chief Executive Officer, Karl Toriola, on Saturday and addressed to the Chairman of Body of Banks’ CEOs, Herbert Wigwe, Toriola said a meeting for the reduction of the charges would be held on Tuesday.
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