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.

Wahab Egbewole     Isiaka Rafiu Mope     Afin Descendants Union Of Odo-Owa     Fatimat Saliu     IHS     Tunji Arosanyin     Baaziki Sulaiman     Muhammadu Gobir     Ilorin     FERMA     Tescom.kwarastate.gov.ng     Third Estate     Ahmad Olanrewaju Belgore     HICA     Rachael Obisesan     Tsaragi-Share     Muslim Cementary     NIPR     Ogidi-Oloje     SWAN     Olushola Saraki     Michael Imoudu National Institute For Labour Studies     Sobi Specialist Hospital     Salman Suleiman     Emir Of Lafiagi     Doyin Awoyale     Abraysports FC     Sheikh Ridhwanullah     Saidu Yaro Musa     Omotosho     Baba-Isale     Oyawoye     Ibrahim Agboola Gambari     Sarah Jubril     Olohungbebe     Charles Ibitoye     Sa\'ad Alanamu     Saliu Ajia     Aremu Odolaye     Bukola Ajikobi     Kwara Central     Forgo Battery Company Limited     KWIRS     Okoolowo     Shao     Yakubu Danladi     Abdulrosheed Okiki     Fareedah Dankaka     Towobola Abdulrahman Toyin     Aishat Sulu-Gambari     Kwara Consultative Forum     Code Of Conduct Bureau     Katibi Ibraheem Adeola     Moses Rahman Popoola     Vishvas KOZ Tractors     Coronavirus     Ethical College     Tunde Saad     Shehu Alimi Foundation For Peace And Development     Mutawali Of Ilorin     Christopher Tunji Ayeni     Oba-Solagberu     Gbugbu International Market     Sulyman Age AbdulKareem     Olatunji Ayeni     Ilorin Emirate     Gbenga Olawepo     BIR     Olayinka Oladapo Jogunola     Ogbondoroko     Marafan Shonga     Toyin Sanusi     Oniye     Mustapha Olanipekun     Boko Haram     Shonga     First Lady    

Cloud Tag: What's trending

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

Doyin Group     John Dara     Olayinka Jelili Yusuf     Kwara Apc     Sanusi Abubakar     Kwara Muslim Pilgrims Welfare Board     Lawal Olohungbebe     Haruna Tambiri Mohammed     Coronavirus     Babs Iwarere     Abdulfatai Baakini     Earlyon Technologies     Saba Jibril     Ayo Adeyemi     Abdullahi Dasilva Yussuf     Tescom.kwarastate.gov.ng     Azeez Salawu     Ita-Ore     Yusuf Badmus     Bashir Badawi     Sarakite     Femtech     Abdulrauf Yusuf     National Party Of Nigeria     Rotimi Atere     Tanke Road     HAMFAT Clinic And Maternity     Chief Of Staff     Nigeria Customs Service     Abiodun Jacob Ajiboye     Waheed Ibrahim     Temi Kolawole     Tafida     Sobi FM     Ijagbo Health Centre     Yahaya Jibril Usman     Frootify     Abdulhakeem Amao     Abubakar Atiku     ARMTI     Olatunji Bamgbola     Fawenu     General Tunde Idiagbon International Airport Ilorin     Oba Abdulkadir La\'aro     Muslimah Entrepreneurship Forum     AbdulHakeem Ajibola Akanbi     Minimum Wage     Abubakar Abdullahi Bata     SUBEB     College Of Arabic And Islamic Legal Studies     Ibrahim Jawondo     Balikis Jawondo     Dumagi     Abdullahi Atanda     Susan Modupe Oluwole     Muhammad-Mustapha Suleiman     Quareeb     Mohammed Ajia Ibrahim     Aliyu Adebayo     Metro Park     Salary     Charles Ibitoye     Saheed Popoola     Shuaibu Yaman Abdullahi     Majlis For Sadaqah, Zakat And Waqf     Jebba     Code Of Conduct Tribunal     Ridhwanullah Al-Ilory     KWSIEC     Alumni Association Of The Federal Polytechnic Offa     Sabo-Oke     Erubu     Y.A. Abdulkareem     Ilorin International Airport     Tunji Moronfoye     Apaokagi     Lukman Oyebanji Fagbemi