The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services.

The apex bank said effective Tuesday, customers will pay a flat fee of N 6 . 98 per transaction every time they use USSD services .

It said the new charges was part of the agreement reached when banks and telecommunication operators met on Monday to discuss the N 42bn debt owed mobile operators by banks .

This was contained in a statement released on Tuesday and jointly signed by the apex bank ’ s Acting Director , Corporate Communications, Osita Nwanisobi ; and Director , Public Affairs , Nigerian Communications Commission , Ikechukwu Adinde .

The statement was titled , ‘ Joint Statement By Central Bank Of Nigeria and Nigerian Communications Commission On Pricing Of Unstructured Supplementary Service Data (USSD ) Services ’ .

It partly read , “ We are pleased to announce that after comprehensive deliberations on the key issues, a resolution framework acceptable to all parties was agreed thus :
“ Effective March 16, 2021 , USSD services for financial transactions conducted at DMBs (Deposit Money Banks ) and all CBN- licensed institutions will be charged at a flat fee of N 6 . 98 per transaction. This replaces the current per session billing structure, ensuring a much cheaper average cost for customers to enhance financial inclusion.

This approach is transparent and will ensure the amount remains the same , regardless of the number of sessions per transaction....

https://punchng.com/breaking-cbn-introduces-new-charges-for-ussd-services/

See madness o. Why would the apex banks make Nigerians pay for the debts owned by banks?