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OYSAA Carries Out Enforcement To Recover N650m Debt

The Oyo State Signage and Advertisement Agency (OYSAA) has clamped down on third party signage (Billboards) and Outdoor Media Owners for non compliance and refusal to pay advert bills to the State government over the period in view.

The Director-General, Oyo State Signage and Advertisement Agency (OYSAA), Mr. Oludolapo Eso-Ajanaku, who stated this on Wednesay, after leading an enforcement exercise within Ibadan metropolis stated that the Oyo State government is being owed over Six Hundred and fifty million naira (N650M) in revenue default by these Outdoor Media Owners over the period in view.

According to Oludolapo, the enforcement action was as a result of an extensive debt profile that has continued to grow, despite repeated encouragement and ample opportunities provided by OYSAA to third–party signage owners to reconcile their accounts and reduce their debt profile.

He stressed further that despite the compassion and generosity shown by the State government over an extended period, it has become obvious that the current level of non-compliance can no longer be sustained.

“Hence, the burden of unresolved debts necessitates a shift towards more stringent enforcement protocols moving forward”, he said.

The Director General noted that: “this enforcement initiative is not only about addressing the current financial discrepancies but also about setting a precedent for accountability and compliance within the Oyo State”, adding that, the ongoing non-compliance has reached a point where it jeopardizes the expansion of Internally Generated Revenue (IGR) of Oyo State.

Hon. Oludolapo therefore, urged all third-party signage owners within the state to promptly address their debts to avoid potential disruptions to their operations, stressing that, the Agency reserves the right to approve, terminate, or revoke its engagement with any organization at any point in time if they default in their roles and obligations to OYSAA and by extension the Oyo State Government.

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