The Federal Government is set to release the names of 18 banks owing Nigerian telecom operators nearly ₦200 billion in Unstructured Supplementary Service Data (USSD) charges.
This debt, accumulated over several years, has remained unresolved despite persistent demands for payment from the telcos.
The move, expected to be announced tomorrow, appears to be aimed at compelling the telcos to cease providing USSD services to these banks.
These services enable seamless online banking for millions of customers across the country.
Telcos have also issued threats of a telecom blackout in nine states, intensifying concerns about the implications of this standoff on banking and communication services nationwide.