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.

Ballah     Amina Susa\'a De Ahmed     Offa Grammer School     ASUU     Lai Mohammed     Young Progressives Party     Kwara State Branch Of The National Library     Maimunat Oloriegbe     Elerinjare-Ibobo     Ethical College     IFK     Twitter     Imam Gambari     Press Release     Alumni Association Of The Federal Polytechnic Offa     Taofik Mustapha     Alao Ayotunde     Chief Imam Of Offa     David Oyedepo     Kwara State Printing And Publishing Corporation     Sarah Jubril     Muritala Awodun     Basic Education Certificate Examination     Jide Ashonibare     Agor Market     Senate President     Oyedun Juliana Funke     Ilorin Muslim Community     Ekweremadu     Ahman Pategi     School Of Nursing     Gobir     Centre For Peace And Strategic Studies     Agbarigidoma     Allocation     Rafiu Ibrahim     Hamidu Olowo     AGILE Programme     ARMTI     Usman Rifun     Elese Of Igbaja     UTME     Michael Nzekwe     Abdulraheem Yusuf     Col. Adedipe     Bashir Adigun     Niguel Gallando Marcias     Adebayo Salami     Kayode Laro     Oyeyemi Olasumbo Florence     Share/Tsaragi     Amuda Musbau     Mahee Abdulkadir     Apaola     Ibrahim Abiodun     Nigeria Customs Service     Emmanuel Bello     Dauda Adesola     Olawuyi     Kunle Akogun     Hassan A. Saliu     08001000100     Junior Secondary School Certificate Examinations     Aliyu Olatunji Ajanaku     Adamu Ibrahim Sabi     Mahmud Ayinla Giwa     Minimum Wage     Ibrahim Oniye     General Hospital     David Oyepinola Adedumoye     Sheriff Shagaya     KWTV     SAPZ Project     Abdulrahman Abdulrasaq     Saba Mamman Daniel     Suleiman Abubakar     Countryside Emerging Leaders Fellowship    

Cloud Tag: What's trending

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

Col. Ibrahim Taiwo     Lawal Olohungbebe     GGDSS Pakata     Iponrin     Majlis For Sadaqah, Zakat And Waqf     CACOVID     Yoonus Lawal     Oba Abdulraheem     Timothy Akangbe     Freshvine Nigeria Limited     Mahmud Ajeigbe     Victor Gbenga Yusuf     Prince Bola Ajibola     Ubandoma     Olota Of Odo-Owa     Ibraheem Abdullateef     Buhari     Olaiya Zuberu     Isiaka Rafiu Mope     Monkey Pox     Sun Qing Rong     Oluwole Dupe     Abdullahi AbdulMajeed     Rueben Parejo     Garba Ado Sanni     Busari Alabi Alausa     Mufti Of Ilorin     Moses Salami     Ibrahim Gambari     March 18     Kwara State Infrastructure Development Fund     KWAFFA     Kaiama     Rachael Obisesan     Joseph Offorjama     Smart School     Ganmo Electricity Sub-Station     Christian Association Of Nigeria     Oba Sulaiman Asude     Babaita     LABTOP     Ahmed Ayinla Jimoh     Suraj Tunji Oyewale     Shuaib Jawondo     NTA Ilorin     Centre For Digital Economy     Taofeeq Olateju     Senior Ibrahim Suleiman     Alloy Chukwuemeka     Alao Ayotunde     Gurei     Shuaib Olarongbe     HAMFAT Clinic And Maternity     Emmanuel Olatunji Adesoye     Agor Market     Al-Hikmah Radio     Taofik Abiodun Ahmed     Busari Toyin Isiaka     Ilorin Likeminds Foundation     Alimi Abdulrazaq     Tinubu Legacy Forum     MMWG     Olufolake Abdulrazaq     KFA     EndSARS     Olosi Of Osi     Simeon Ajibola     Adedeji Onimago     Quareeb     Bilikis Oladimeji     Toyin Falola     QuickWin     Yahaya Abdulkareem Babaita     Trade Lenda SME Fair     KWASAA     Aso Ofi     Ibrahim Abiodun