The Chairman of ALTON, Gbenga Adebayo, said this during the
first telecoms stakeholders’ meeting with the Executive Vice Chairman of
Nigerian Communications Commission, NCC, Dr Aminu Maida, in Lagos.
Mr Adebayo, who was speaking on behalf of telecoms
operators, said although there had been talks on the issue but no considerable
action was taken on the part of the banks.
He noted that if operators had to shutdown their services,
bank customers would no longer be able to carry out transactions such as fund
transfers through short codes, check bank details and account balances, among
others, through their mobile phones.
The ALTON chairman said the debt must be paid in total,
noting that telcos would not hesitate to block debtor banks from accessing the
service anytime soon.
“In spite of all appeals, meetings and interventions by the
Ministry of Communications, Innovation and Digital Economy, Central Bank of
Nigeria (CBN), and NCC, mainly during the last administration, the banks have
kept mute over payment,” he said.
The chairman added that the value of the debt would keep
rising based on the foreign exchange challenges in the country.
Mr Adebayo, who said the matter needed to be resolved as
fast as possible to avoid collapse of the sector, noted that the debt was not
allowing operators to further expand services.
NAN
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