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USSD: Reps wade into N42b Telcos’, Banks’ Debt tussle
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By Tordue Salem – Abuja
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).
The House adopted a motion to the effect, on Tuesday citing its Order 8 Rule 4.
A motion entitled: “Urgent Need to Intervene In the Impasse of N42billion debt between Telecommunication Operators and Banks and Banks and other Financial Institutions”, was sponsored by Rep. Ossai Nicholas Ossai(PDP-Delta).
In presenting his Motion, Ossai recalled that “in a bid for the Central Bank of Nigeria to realize one of its statutory mandate of Promoting Monetary Stability and Sound Financial System in Nigeria, designed a Cashless Policy, that will provide innovations, easy mobile payment, cost reduction, and convenient financial services to millions of Nigerians living in urban and rural areas. One o