Beginning January 27, 2025, the USSD codes of 9 banks in Nigeria may cease working. This is because of unpaid money owed owed to telecommunication corporations, as directed by the Nigerian Communications Fee (NCC).
USSD codes are a fast method for a lot of Nigerians to hold out banking transactions with no need the web. Nonetheless, if these banks don’t settle their money owed, prospects may now not entry this service.
The NCC has launched a listing of the affected banks and their USSD codes:
- Constancy Financial institution Plc – *770#
- First Metropolis Monument Financial institution – *329#
- Jaiz Financial institution Plc – *773#
- Polaris Financial institution Restricted – *833#
- Sterling Financial institution Restricted – *822#
- United Financial institution for Africa (UBA) – *919#
- Unity Financial institution Plc – *7799#
- Wema Financial institution Plc – *945#
- Zenith Financial institution 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 providers can be disconnected by telecommunication corporations.
Which means that hundreds of thousands of shoppers utilizing these codes for cash transfers, airtime purchases, or checking balances might have to seek out various strategies to entry banking providers. The NCC has said that this transfer is a part of its efforts to guard shoppers.
Nonetheless, they advocate that prospects keep knowledgeable about updates from their banks and put together for potential disruptions in USSD providers.
To keep away from surprises, test in case your financial institution is on the listing. You may must discover various choices, comparable to cell apps or visiting the financial institution, if the service is disrupted.
