Home News OYSAA tackles first-party clients over outstanding debts

OYSAA tackles first-party clients over outstanding debts

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By Adeyinka Adeniran

 

 

 

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

 

According to the Agency, the move became imperative in view of the negative impacts of the debts on the Agency’s operations and the Internally Generated Revenue (IGR) of the state.

 

The Director-General OYSAA, Oludolapo Eso-Ajanaku spoke while leading an enforcement team within the Ibadan metropolis on Tuesday.

 

He said the enforcement drive aims at collecting outstanding payments, reinforcing financial responsibilities, and raising awareness among business owners about the importance of timely payment of dues for signages within the boundaries of Oyo State.

 

The DG explained 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 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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