The Oyo State Signage and Advertisement Agency (OYSAA) has moved to clamp down on third-party agents and other advertising practitioners for refusing to pay advert bills to the State government coffers.
The Director-General, Oyo State Signage and Advertisement Agency (OYSAA), Mr. Oludolapo Eso-Ajanaku said this on Wednesday, after leading an enforcement exercise within Ibadan metropolis.
Eso-Ajanaku stated that the Oyo State government is being owed over N650 million in revenue default from these advertising practitioners over the period in view.
Eso-Ajanaku said the 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 practitioners to reconcile their accounts and reduce their debt profile.
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He said it had become obvious that the current level of non-compliance can no longer be sustained.
Eso-Ajanaku said: “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.
“The ongoing non-compliance has reached a point where it jeopardizes the expansion of Internally Generated Revenue (IGR) of Oyo State.”
Eso-Ajanaku, therefore, urged all third-party practitioners 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 individual or organization at any point in time if they default in their roles and obligations to the agency.
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