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Customers are facing the risk of not being able to conduct financial transactions on their accounts as telecommunication companies are threatening to withdraw services to banks.
This, TheNewsGuru gathered, is as a result of debts being owed telecomm operators by banks and other financial institutions in Nigeria who are also unwilling to pay their debts.
“Bank customers will not be able to make ATM withdrawal or do transfers as well as other digital banking related services, if the telecommunications operators withdraw their services,” a member of the Association of Licensed Telecommunications Companies of Nigeria (ALTON) told our correspondent.
Chairman of ALTON, Engr. Gbenga Adebayo, had also hinted on the development at ongoing Nigeria Information Technology Reporters Association (NITRA) ICT Growth Conference 2.0.
The theme for the conference is, ‘Creating a Digital Ecosystem in Nigeria:The Hurdles The Gains.’
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Engr Adebayo said the debt payment has lingered for too long, adding that the plan for payment of the services rendered to bank customers, which is paid on the go by the customers, is long over due.