MTN customers have been reconnected to banking channels

MTN customers have been reconnected to banking channels after commercial banks had blocked them from using their channels, including the Unstructured Supplementary Service Data and banking apps on Friday.

The channels were blocked as a result of MTN reducing the banks’ commission on USSD airtime to 2.5 per cent.

However, following the intervention by the Minister of Communications and Digital Economy, Isa Pantami, the Governor of the Central Bank of Nigeria, Godwin Emefiele, as well as the Nigerian Communications Commission, MTN agreed to revert back to 4.5 per cent commission.

In a letter signed by MTN Chief Executive Officer, Karl Toriola, on Saturday and addressed to the Chairman of Body of Banks’ CEOs, Herbert Wigwe, Toriola said a meeting for the reduction of the charges would be held on Tuesday.

Pantami confirmed the reconnection of MTN customers to banking channels when he tweeted on Sunday, “The services have been restored since early morning today. Best wishes.”

In a statement seen by our correspondent, Tariola gave the assurance that the company would do what was necessary to reduce customers’ inconvenience.