Oyo Signage/Advertising Agency Tackles First-Party Clients Over Outstanding Debts - EDU-BIZNEWS


Tuesday, May 7, 2024

Oyo Signage/Advertising Agency Tackles First-Party Clients Over Outstanding Debts

Oyo State Signage and Advertisement Agency (OYSAA) has initiated a two-day enforcement drive in Ibadan, the State capital, to tackle the issue of unpaid debts from First-Party Clients. 

The unpaid debts according to the agency, has negatively impacted on the Agency's operations and the Internally Generated Revenue (IGR) of the State Government 

The Director-General (OYSAA) Hon. Oludolapo Eso-Ajanaku who made this known , while leading an enforcement team within Ibadan metropolis, explained that the enforcement drive was  aimed at collecting outstanding payments, reinforce financial responsibilities, and raise awareness among business owners about the importance of timely payment of dues for signages within the boundaries of Oyo State.

The Director-General (OYSAA) added further that despite prior leniency and constant encouragement offered by OYSAA, the continued lack of compliance has forced the Agency to adopt a more rigorous enforcement policy, stressing that, it is crucial for addressing financial non-compliance.

He noted that the present administration in Oyo State led by Governor Seyi Makinde has fostered a conducive business environment for business owners to operate and to improve economic stabilities in the State.

Ajanaku however applauded the businesses that have complied with their financial obligations, urging other clients to do the same to avoid disruptions of their business operations.

The DG OYSAA said that, the Agency would no longer tolerate non-compliance, as it would continue to conduct similar enforcement drives periodically and encourage businesses to proactively engage with the Agency to settle their debts in order to contribute to the economic well-being of the State.

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