Police station commanders were monitoring the compliance of the business establishments to install closed-circuit televisions (CCTVs), city councilor Ian Mark Nacaya said Saturday.
Nacaya said more than 400 establishments in Cagayan de Oro City have not installed CCTVs in their premises.
"The management of these companies executed an affidavit of undertaking promising to install CCTVs in their premises pending approval of their mother companies in Manila," Nacaya said.
He said that compliance to the CCTV ordinance is one of the requirements for renewal of business permits for establishments with a capitalization of P600,000 and above.
Violators of the CCTV ordinance would face sanctions from suspension of business operations to fines and closure of the establishment, Nacaya said.
"Last year, grenade planted by an unknown suspect at the front door of Golden Financial in Lapasan exploded and wounded nine people when personnel reporting for work in the morning opened the door," Nacaya said.
Police investigators failed to get the identities of the suspects since there was no CCTV installed in the premises, Nacaya said.
He said the city government ordered the closure of the financial firm.