Thugs disrupt TraderMoni in Ilorin

Date: 2018-12-07

SUSPECTED Hoodlums yesterday invaded the Mandate Market in Ilorin, Kwara State, to disrupt the disbursement of money to beneficiaries of the TraderMoni.

They scared away petty traders and agents of the scheme.

As early as 9am, the suspected hoodlums stormed the Mandate Market, insisting that the TraderMoni scheme cannot be implemented in the market built on a land donated to the state government by the Senate President Bukola Saraki's father, the late Olusola Saraki.

It was not clear whether they were sent by anyone or whether they were mere party zealots, working on their own.

According to witnesses, including Bank of Industry (BOI) officials who were at the market to supervise the enumeration and disbursement of the N10, 000 collateral free loans, the arrival of the mob at Mandate Market caused some uproar.

The suspected thugs also intimidated the petty traders who had lined up to participate in the programme. Many of the traders were palpably annoyed and refused to leave the market. Calm was restored with the intervention of the police.

At the Ipata Market, where enumeration and disbursement of the TraderMoni loans were also going on, market leaders reportedly rebuffed pressure from some officials of the state, urging them to shun the enumerators. The programme went on without incident.

Officials of the Bank of Industry (BoI) told reporters that enumeration had been going on in the two markets in Kwara State in the last few days, without incident until yesterday.

Vice President Yemi Osinbajo is expected in the markets today.

TraderMoni, which is part of the Federal Government's Social Investment Programme (N-SIP) under GEEP, is designed to assist petty traders across the country expand their trade through the provision of collateral and interest-free loans from N10, 000.

The loans are repayable over a period of six months at which point the traders on repayment will receive a fresh N15, 000 loan, which rises to N20, 000 when repaid.

The microcredit scheme, which has since been formally launched nationwide and the FCT, is expected to reach two million petty traders by the end of the year.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Amusa Bello     Olupako     Olayinka Oladapo Jogunola     Kehinde Boyede     Kwara Apc     Ahmad Belgore     Lanre Olosunde     Hassanat Bello     Mohammed Danjuma     Abdulkadir Orire     Taofeek Ibraheem     VADA     SAPZ Project     Olatunji Ayeni     Afolayan     Ubandoma Of Ilorin     Sa\'adatu Modibbo-Kawu     Y.A. Abdulkareem     Abiodun Musa Aibinu     Hamidat Sulyman-Yusuf     Adama Isa     Olaiya Lawal     KFA     Suleiman Abubakar     Sarah Alade     National Union Of Road Transport Workers     Salihu Yahaya     Christopher Ayeni     Kayode Ibrahim     Sheikh Ridhwanullah     Bola Ahmed Tinubu     Vasolar-Kwara Company Ltd     Societe Generale Bank Of Nigeria     Makama     Owo Arugbo     Adebayo Salami     Mike Omotosho     Saidu Kawu     Rotimi Samuel Olujide     Monthly Sanitation Exercise     Modupe Oluwole     Binta Abubakar Mora     Hajj     Maimunat Oniyangi     Abdulganiyu AbdulAzeez     Taofeek Sanusi     Kola Bukoye     Oro Grammar School Old Students Association     Issa Memunat Moyosore     Maryam Ado Bayero     TIC     Umar Danladi Shero     Amasa     Bolaji Abdullahi     Ahmed Bayero     Orisun Igbomina     TETFUND     Radio SBS     Ajuloopin     Kwara Liberation Group     Ahmed Saidu Rufai     Arinola Lawal     Mufutau Olatinwo     Ejidongari     Olateju Lukman     Saka Onimago     Ahmed Dankaya     MMWG     Bayer AG     Ahmed Shuaib Buranga     Ilorin Emirate Staff Association     UTME     Sidikat Alaya     Yahaya Abdulkareem     Mohammed Alabi Lawal     Ilorin Central Mosque     AbdulRazaq Abubakar Jiddah    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ibrahim Kayode Adeyemi     Edret Sabi Abel     Raimi Iyanda     Hydroelectric Power Producing Areas Development Commission     Kwara Poly     GAMA     Seun Bolaji     Mike Omotosho     Oke-Odo     Abubakar Baba     Ajasse-Ipo     Ibrahim Sulu Gambari     Abubakar Atiku     David Adesina     Curfew     NSCIA     Muhammed Aliyu     Suraj Tunji Oyewale     Nigerian Correctional Service     Quareeb     Ubandoma Of Ilorin     Read With Me     Road Transport Employers Association Of Nigeria     Bello Bature     Orisa Bridge     Sidikat Uthman Ajibola     Budo Egba     Yahaya Jibril Usman     Mukhtar Shagaya     Kolawole Akande     Doyin Group     Salihu Yahaya     Mohammed Halidu     Damilola Yusuf     Isiaka Gold     General Hospital, Offa     Waheed Ibrahim     Umar Adelodun     Elerin Of Adanla Irese     SWAN     Yaman     Awoye     Saliu Ajibola Ajia     Moses Afolayan     Government Girls’ Day Secondary School Pakata     Stephen Fasakin     Taofeek Ibraheem     Mohammed Alabi Lawal     Bisi Kristien     Abdulmumini Sanni Jawondo     Flights To Ilorin     Umar Ayinla Saro     Dan Masanin     James Kolo     Tunji Arosanyin     Jimoh Lambe Abdulkareem     GGDSS Pakata     IEDPU     Kale Bayero     Shehu Jimoh     Cornelius Adebayo     Women Radio     Saeedat Aliyu     Isiaka Saka Opobiyi     Afeyin-Olukuta     KWSIEC     Funmilayo Mohammed     Lucky Omoluwa     Ariyo     Olatunde Jare     Abegunde Goke     Clement Yomi Adeboye     Muhammad Akande Olarewaju Odunade     MAI Akande     Suleiman Alege Kuranga     Saliu Ajia     Ajibola Ademola Julius