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LASAA Begins Awareness Campaign On Regulation Of Outdoor Adverts

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LASAA Begins Awareness Campaign On Regulation Of Outdoor Adverts

Lagos State Signage and Advertisement Agency (LASAA) has begun the first phase of an awareness campaign to sensitise the general public to the need for compliance with regulations guiding outdoor advertisement in the state. The regulations cover on-premise and off-premise signage displays as well as the registration of mobile adverts.

Speaking during one of the agency’s awareness campaigns in Lagos, the Managing Director of LASAA, Prince Adedamola Docemo, said it was important to sensitise and educate the public on the need to comply with the LASAA law before the agency begins enforcement.

He noted that the exercise would provide another opportunity for LASAA to remind clients of the importance of always being on the side of the law as good individual and corporate citizens.

He urged Lagosians to cooperate with LASAA so that the state government could successfully deliver the dividends of democracy to them through its revenue optimisation effort.

Also, Deputy General Manager, Corporate Communication and Strategy of LASAA, Mr. Temitope Akande, noted that LASAA had a tradition of embarking on an awareness campaign to clients and the public in general in February and March every year. The campaign will focus on the need for clients to be on the side of the law as enforcement would commence afterwards, he said.

“Our plan is to utilise all available mediums of communication to sensitise the public to the need to register their advertising business signboards, temporary campaigns, road shows and billboards as well as branded vehicles to avoid falling foul of the enforcement drive that will follow this awareness exercise. We plan to engage our clients across all platforms to achieve our objective,” Akande said.

The Head of Mobile, Small Format and Temporary (MS&T) Department, Mr. Adebayo Aluko, said the purpose of the awareness programme was to ensure that at least 95 per cent compliance was achieved for all branded vehicles operating in Lagos State and also boost the revenue of the agency vis a vis that of the state.

READ ALSO: Sacked Ganduje’s Aide More Courageous Than Adesina, Garba – Lamido

“Hopefully, the enforcement on branded vehicles without the 2021 mobile advert permit within the state will be minimal,” Aluko said.

Explaining that branded vehicles without valid permits are usually grounded or impounded and made to pay the amount due before the vehicle is released, Aluko appealed to owners of branded vehicles to follow due process in good time and avoid enforcement and sanctions.

He said the agency condemned the use of fake mobile advert stickers, noting that the display of fake mobile advert permit stickers is a criminal offence that is punishable under the law.

“For under-declaration, vehicle owners are also sanctioned appropriately and issued a fine in line with the agency’s policy and for clients who comply on time and are truthful and sincere with the number of branded vehicles they have, the agency gives an incentive in the form of a discount,” he said.

Aluko said the response of Lagosians has been very impressive considering the impact of the Covid-19 pandemic on businesses. He said the agency has been up to speed with its revenue target and expressed the hope that the target would be surpassed.

He added that LASAA is not focusing on revenue alone but also on the regulation of the environment, in line with its mission. He advised clients to ensure that their branded vehicles always look neat and presentable and to avoid any form of indecent advertisement.

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Obasanjo Lashes Out At Buhari Over Borrowing

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Obasanjo Lashes Out At Buhari Over Borrowing

Erstwhile President Olusegun Obasanjo has condemned the Federal Government’s plan to take fresh loans amid criticism by Nigerians over incessant borrowing by the current administration.

While speaking to Channels Television in South Africa, Obasanjo described as criminal, the alleged move to accumulate debts for the next generation to pay.

Obasanjo expressed worries that if the existing debts remain unserviced or unpaid by the President Muhammadu Buhari’s administration, it might become a huge problem for successive governments.

The president, a few days ago, requested the approval of the National Assembly to borrow the fresh sums of $4,054,476,863 and €710 million.

READ ALSO: Buhari Orders Incorporation Of NNPC Limited, Names Board Members

Reacting, the former president who believes that borrowing is not a problem, however, stated that the challenge would be the utilization of the borrowed fund and the plan or capacity to pay back.

He said: “But if you are borrowing and accumulating debts for the next generation and the next generation after them, it is criminal. What are you borrowing for?

“If we are borrowing for recurrent expenditure, it is the height of folly. If we are borrowing for development that can pay for itself, that is understandable. Then the payment, how long will it take to pay itself?”

 

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Buhari Orders Incorporation Of NNPC Limited, Names Board Members

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Buhari Orders Incorporation Of NNPC Limited, Names Board Members

President Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company Limited.

In a statement on Sunday by the Special Adviser to the President (Media and Publicity), Femi Adesina, he said that the president gave the order in his capacity as the Minister of Petroleum.

“This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company,” the statement said.

The statement said the Group Managing Director of the NNPC, Mr Mele Kolo Kyari, had been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.

READ ALSO: How Bureaux De Change Finance Terrorism – CBN

President Buhari has also approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the company.

The President named Senator Ifeanyi Ararume aa Chairman of the Board while Mele Kolo Kyari and Umar I. Ajiya were appointed as Chief Executive Officer, and Chief Financial Officer, respectively.

Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).

 

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How Bureaux De Change Finance Terrorism – CBN

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How Bureaux De Change Finance Terrorism - CBN

The Central Bank of Nigeria ( CBN) has moved to shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform.

CBN Governor Godwin Emefiele who disclosed this while fielding questions after the Monetary Policy Committee’s two-day meeting in Abuja on Friday, noted that the bank also plans to prosecute the owner of the platform, Olusegun Oniwinde.

He said: “I have given instructions to our experts to go after his website and let it be clear that we will go after him because we can’t allow this to continue.”

According to Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.

Naira-dollar exchange rate has soared on the platform in the last couple of days. The platform currently recommends that bureau de change operators buy dollar at N560 and sell at N570.

On ban of forex sales to bureau de change operators, Emefiele said that the bank would not go back on its previous stance.

READ ALSO: CBN Bans Sale Of Dollars To Bureau De Change Operators

According to him, these BDC operators sell foreign exchange to criminals who import weapons to harm Nigerians and promote different forms of terrorism.

The CBN governor said: “It truly beats my imagination that Nigerians continued with this type of practice (selling dollars to BDC) that tended to promote illegal activities who are involved in graft and corrupt practices.

“We won’t support the corrupt tendencies of those who illegally buy dollars from our forex market, carry them in aircraft, buy arms and ammunition and bring them back into the country and conduct crimes. Whether it is Boko Haram, banditry and other nefarious activities.”

“Why will CBN give people our forex to go and buy arms? And that is what people want us to continue to do. We cannot do that. What we are saying is that if you have any legitimate need for forex, take it to the bank and they will sell you FOREX.”

 

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