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.

Tunde Oyawoye     Dankaka     Valsolar     Quarry Royal Valley     Okala Baba     Osi     Kale Kawu     Tope Daramola     Illyasu Abdullahi     Principal Private Secretary     Oasis Muslim Care Foundation     Chief Of Staff     Michael Ologundea     GGDSS Pakata     Folashade Omoniyi     Budo Egba     Azeez Salawu     Post Utme     Share/Tsaragi     Kawu Baraje     Abdulkadir Remi Hawawu     Geri-Alimi Split Diamond Interchange     Durosinlohun Atiku     Danhawa     Baakini     Gobirawa     Raheem Adaramaja     Oniye     Jimoh Akani     Abdulwahab Olarewaju Issa     Valsolar Consultoria     Abdulmajeed Abdullahi     Bayo Lawal     Issa Baba     KWASSIP     Oyedun Juliana Funke     Michael Nzwekwe     Offa Descendants Union     Michael Nzekwe     Ike Ekweremadu     Abdulwaheed Musa     Tunde Idiagbon Road     Towobola Abdulrahman Toyin     Flights To Ilorin     Ilorin Anchor Men And Women     Sodiya     Modibbo Kawu     Shola Odetundun     Ridhwanullah Al-Ilory     Moses Rahman Popoola     Folajimi Aleshinloye     Dumagi     Sam Onile     Ita-Nmo Market     Abdul-Rasheed Na\'Allah     Abdullahi Samari     Muritala Olarewaju     Lukman Oyebanji Fagbemi     Saka Balikis Kehinde     Mohammed Haruna     Abdulhakeem Adelaja Amao     Olatunji Abdulmumeen     Ndakene     Salihu Ajibola Ajia     Joseph Yemi Ajayi     Akeem Olatunji     Simon Sayomi     Trade Lenda SME Fair     Jimba Babatunde     Akanji     Saliu Ajia     Sun Qing Rong     Sulaiman Gado     Fawenu     Yusuf Lawal     Yahaya Seriki     Kwara Consultative Forum    

Cloud Tag: What's trending

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

Students Union Government     International Aviation College     GAMA     Omotosho     Simeon Ajibola     Abdulraufu Mustapha     Zaratu Umar     Abdullahi Samari     Kwara Volleyball Association     Galland Marcias     Kunbi Titiloye     Amuda Bembe     Michael Imoudu National Institute For Labour Studies     Onilu     Makama     Yahaya Seriki     Shonga     Saadu Gbogbo Iwe     SARS     Alanamu     Vasolar Consultoria     Kwara 2019     Mustapha Olanipekun     CCT     Mohammed Ajia Ibrahim     Musbau A. Akanji     Sa\'adu Salau     Ibraheem Adeola Katibi     Maryam A. Garuba     Kayode Bankole     Okasanmi Ajayi     Isaac Gbenle     Code Of Conduct     Valsolar-Kwara Company Limited     Rashidi Yekini     Abdulkadri Ahmad Alaiye     Christian Association Of Nigeria     NITDA     Rabiu Kwankwaso     Tanke Flyover Bridge     National Party Of Nigeria     HICA     Joseph Daudu     CCEPE     Kumbi Titiloye     Falokun-Oja     Aminat Omodara     Yemi Sanni     Hausa     Abdulbaqi Jimoh     Abdulmumini Jawondo     Alimi Abdulrazaq     Ilorin Emirate Staff Association     Teachers Specific Allowance     Kazeem Oladepo     Oba Abdulrahim     Amosa     Gbemisola Oguntimehin     Seun Bolaji     Oyedun Juliana Funke     Soffiyyallah Kamaldeen     Mufutau Gbadamosi Esuwoye     Apaokagi     Adesina Simon Sodiya     Sam Onile     Innocent Okoye     Fatai Garuba Labaka     Awili Pedro     IFK     COEASU     Okin Group     Henry Olaosebikan     Nigerian Supreme Council For Islamic Affairs     V.O. Abioye     Ajike People Support Centre     Al-Ilory     Makama Of Ilorin