The Oyo State Signage and Advertisement Agency (OYSAA) have clamped down on third-party agents and other advertising practitioners for non-compliance and refusal to pay advert bills worth over N650 million into the state government’s coffers.
The OYSAA Director-General, Eso-Ajanaku Oludolapo, told the media on Wednesday after leading an enforcement exercise within the Ibadan metropolis.
According to him, “The state government is being owed over N650 million in revenue default from these advertising practitioners over the period in view.
“The decisive 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.”
Oludolapo stated that despite the government’s compassion and generosity over an extended period, it has become obvious that the current level of non-compliance can no longer be sustained.
“This enforcement initiative is not only about addressing the current financial discrepancies but also about setting a precedent for accountability and compliance within the state. The ongoing non-compliance has reached a point where it jeopardizes the expansion of Internally Generated Revenue of the state.”
The DG, therefore, urged all third-party practitioners within the state to promptly address their debts to avoid potential disruptions to their operations.
He explained that the agency reserved the right to approve, terminate or revoke its engagement with any individual or organisation at any point in time if they default in their roles and obligations to the agency.