 You're welcome back. We're glad to know you're still there and watching us every day. We wake up and when we hear alert on our phones Sometimes or most times it is debit alert because there's some money taken from us because we've been using the ussd or we've been Banks have been maintaining our cards and all that and we get really really angry that this Debits are coming to us but like they say big man big trouble and the banks and they Telecoms Providers also who made the ussd possible for us. Well, thank God for small messes. It has made banking Very easy for all of us, but there is this fight between the banks and the telecoms providers that are nebling this ussd So we need to have an insight into what is happening. There is this debt that is on So we're talking about ussd debts telcos banks battle over 100 billion Naira, how did it come to be and why is there a tussle in the first place? So we're glad to have the former The former president of private telecoms and communications senior staff association of Nigeria president here with us in the person of Honorable Oladakbo Moses. Welcome. Good morning and welcome to the program honorable Yeah, so let us just get to establish how this relationship is The ussd. What is that relationship? Well, how does the bank use the services of the telecoms and how did they get the money? What's the sharing formula if it is possible to cram all that into one right now? USA said But Transaction With this I've been possible by the telecom infrastructure Physician at the beginning by having their devices configured and the bank provided the outpatients Access Another And then He will not let us leave full but now even the other That are coming up With them so that they can contact business All through the dance if you recall in those days Going transaction from one But you So how did this money in contention come to be? Isn't it something that, you know, as we use is remitted immediately and all that. So why is this debt of 100 billion that has become a bone of contention between the service providers and the banks themselves? Yeah, the first problem comes up, you know, when you try to cheat my parents, it's an issue, cheat in the sense that the CBN and the NCC, at one of their meetings, NCC believe that causes charges to be withdrawn, those charges will be paid by users. CBN also supported NCC in their case. When CBN used a word like salt costs, salt costs in this case means that that charge, that service costs the telecom industry nothing. It's like a value added service that the telecom industry need to do nothing to fix. So when CBN and the NCC told that line, automatically it means that they don't want to pay this money. Whereas Nigerians were being charged for service. It was increased to 6.98 million and now you are deducted immediately to do the service. So why is it not being paid? It's because of that word that the CBN then the willingness not to pay. Now, who is keeping this money? I'm not sure if, allegedly, CBN is also having a chair in their money because normally bank paid by charges, it should have been easier to pay. And that's why it is known in Nigeria that you have an organization that is supposed to oversee banks. And you know, anytime the talk will cry out, they are already lost from $100 billion. CBN will not call you meeting. I have a meeting. It's not a matter about the meeting. You deducted money from the clients. Pay the money for the enormous. And let us have a fair system here. So the problem is that the money has been taken from me and you. Going to the banks. Banks are keeping the money. I see it for all sorts of circumstances. You know, the more you look, the less you see. So that's what we're trying to send out. Okay. Well, I'm trying to translate my head over the embroidery, over this remittance that should have taken place. Bring us up to speed on the international best practices on how this should have been done. Okay. Like I said initially, services like U.S.S.S. in developed countries already bring a cake. So prioritizing is a big thing. But you can see or do our best to compare. Because apparently in the U.S. and the U.K., U.S.S.P. is now a commercial service. You can use it for politicians, for example, for presidents, not necessarily only banking and their monetary services. But what is that for? What is available there? Subscribers pay directly to telecoms companies. So now, but I have not taken time to know the sharing formula between the telephones and the banking. But I think there is no sharing formula at all. What they do is that you are the subscriber. You are the subscriber for clearly subscription. For example, if I'm paying one hour to use U.S.S.S.S service in one day, then throughout that day I don't pay for any session, so I can administer my business throughout the day, from weekdays, monthly, and values. So that is what has served these available best practices globally. But we cannot compare their own infrastructure. They are equipped to do banking percentage. India, for example, has over 80% bankable add-ons. And in Nigeria, you know, it's a power cry. And even the surge we had recently in the online service was an example of the inconvenient merit policy that the CBI and the OVG put on us by withdrawing our money. So presently, that is what is going in international practices. The focus, I think, is the charge of the charges. And the subscriber pay has gone. You pay for what you want to do. So that's when I believe we'll get there one day. So where we are now, it still comes to me as some people want to be doing more kiddy work, but don't be shocked. So there's going to be a meeting among Outturn, Outcon, and the banks. What are your expectations from this meeting? Nothing. I'm not expecting any miracle. You know, it's the CBI and the NCC have already dictated the way they want this issue to fly. You know, all you two people are meeting, you are the editor. You now come and say that the money you want to collect is an air money. It doesn't make sense. As in, it doesn't, it's a soft money. You don't need anything to do with the money. The money, you are not working for it. Automatically, the people that will pay, will not want to pay. So the meeting is just a repetition of wasting of time. These things will not demand an emitting. Once you are on the high coast, over under below, pay your money. You have deducted this money from the people, from the user. Pay. What is the essence of the meeting? We just keep meeting, drinking tea and coffee, and nothing is coming out. So to me, I'm not expecting any miracle. All I'm expecting is that it doesn't work. One of the aspects is that we get that, and they will tell them that when I get to pay again, we will pay, everybody will go and rest again. Then after three months, time will come. Ah, we, we, we are on us, we will drive the service. And that is just an issue. So just keep going and going. And the other thing is that the service is difficult to withdraw now. Because most of these time codes, I've also put in the banking. So and this is like, you are using a mobile phone empty and you want to, you cannot transfer to FCMD. You know, it's, so it's, it's still the same issue. You can't, it's too close to self-assessing, can't withdraw the service. All of you are also into banking now. So you can't, you know, you imagine. So. Okay, let's just, let's just wrap it up with this. The next administration is coming and people have already suffered. With the redesigning of the Naira and all that, we shouldn't have a problem with the USSD. Because at that time it was really a big problem that you want to transfer money. You can't get cash. You want to transfer money. It's a problem and all that. But this fight that is happening here, how can it affect the federal government itself, especially as a new administration is coming, so that they need to address it. And if they have to address it, what do they need to do to settle this matter once and for all? Yeah, the new administration to take the very good shawking on two issues. Either they want the banking percentage to go higher for the adults or they want money-treated property. If they want the banking percentage, the bankable Nigerians to go higher, then they need to follow in the first up of Kenya, the future of India, and other countries that reduce totally the cost on USAID. Because many adults, many of our mothers, fathers in the village, they don't have Android phone, but they can use the USSD if they are taught. But the fear of want to pay charges even on as much as 1,000, as much as any amount, we make them to want to go to Banco Q. So the government need to do one thing. One, reduce the charges barely to the minimum, so that you can raise the bankable number of adults. Two, they need to decide who take this money. How does it pay? If they want Nigerians to pay, they then come in and give a very, very reduced charges and say that, okay, we'll come down, bank, go and get your source of funding from another place. Since you cannot do with this, we cannot pay the people their money. So now, we now come back to the either the daily subscription, and now subscription, or yearly subscription. And if the bank and the telcos still want to agree on the percentage, it's fine. But this time now, it is better that we separate the whole now of this money and the collective. All right. Thank you very much. That's the much we can take from you. It's been enlightening, talking about this USSR debt, and the fight between the telcos and the banks. We'd like to thank you, Honorable Oladakwa Moses, former national president, private telecoms and communications senior staff association of Nigeria. Thank you so much for coming on the show. Thank you, Bob. Thank you, I will do it. We'll take a break now and we'll return a spot of grace. Thank you.