Fragile Peace As Banks Unblock MTN’s USSD Platform
Following the intervention of the Minister of Communications and Digital Economy, Dr. Isa Pantami and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, banks have temporarily unblocked the Unstructured Supplementary Service Data (USSD) and banking applications serving over 75 million of MTN customers. The blockade had lasted for about 48 hours.
The banks had blocked MTN subscribers on Friday, leaving millions frustrated, as they were unable to buy airtime via the platform at the weekend leading to the Easter celebration.
The crisis brewed from the claim by the financial institutions on dipping profits from 5.5 to 2.5 per cent.