Sport betting in Nigeria has been remodelled in the logistics of its operations.
The NCC had directed deposit money banks to stop deducting charges for USSD transactions directly from customers’ accounts.
The apex bank said the idea became necessary as the country was gradually marching towards the alternative payments policy regime.
Commercial banks and mobile network providers have started charging customers a flat rate of N6.98 per transaction every time they use the USSD.
The new USSD charges will be received on behalf of Mobile Network Operators (MNOs) directly from customers’ bank accounts.
The controversial policy was introduced on Tuesday.
Telecoms companies want to withdraw USSD services due to the N42 billion accumulated debt owed by banks.
