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.

Col. Ibrahim Taiwo     Michael Imoudu National Institute For Labour Studies     Baruten     Olayinka Jelili Yusuf     Ramadan     Babaloja-General     Park     Saraki     Kola Ologbondiyan     Isiaka Danmeromu     KWASAA     Ahman Pategi     Bola Shagaya     Bahago     Binta Sulyman     Muftau Akanbi Oke     Balogin Alanamu     Bukola Ajikobi     NURTW     Aliyu Muyideen     Oniye     Folashade Omoniyi     TIIDELab     Jimoh Akani     Tosin Saraki     Alapado     Durbar     Share-Tsaragi     Ethical College     Aishatu Ahmed Gobir     Law School Scholarship     Aliyu Muhammad Saifudeen     KWASSIP     Sai Kayi     Abdulrazak Shehu Akorede     Eghe Igbinehi     Gaa Olobi     Soffiyyallah Kamaldeen     Oyedepo     Tosho Yaqub     IYA ALFA NLA     Malete     SWAN     Hassan A. Saliu     AbdulRauf Keji     Sunday Otokiti     Shonga Farm Project     Summit University     Timothy Olatunde Fadipe     Ndama Al-hassan     Halidu Danbaba     CUTI     Kehinde Boyede     Folajimi Aleshinloye     Oke-Ode     Saba Mamman Daniel     Ogidi-Oloje     Ibrahim Akaje     Olushola Saraki     Abdulmajeed Abdullahi     Makama Of Kaiama     Siraj Oyewale     HAMFAT Clinic And Maternity     Ajike People Support Centre     Village Alive Development Association     Isiaka Yusuf     Kwara State Internal Revenue Service     Abdul Jimoh Mohammed     Isiaka Oniwa     Kayode Ishola     Yusuf Arowosaye     Jeunkunu-Malete-Bani     PAACO-PCL Consortium     Yakub Lai Gobir     Idris Amosa Oladipo Saidu     Ibrahim Abdulkadir Abikan     Hauwa Nuru    

Cloud Tag: What's trending

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

Hassan Taiye Salam     Inside Kwara     Arandun     JUSUN     Amasa     Muhammad-Mustapha Suleiman     IHS     Sunset Workers     Osi     Muftau Akanbi Oke     Galadiman Ngeri     Okeose Christian Cementary     Yahaya Seriki Gambari     Ibrahim Abdulqadir Abikan     Onilorin     Saliu Tunde Bello     Olabode George Towoju     Ajibola Saliu Ajia     Muhammad Sirajo Aliyu     Bamidele Adegoke Oladimeji     Kemi Adeosun     Coronavirus     Is\'haq Modibbo Kawu     Matthew Okedare     Oladimeji Thompson     Hassan A. Saliu     Tsaragi/Share     Abraham Ojo     Budo Egba     Abdulrazak Shehu Akorede     Alikinla     Akanbi-Oke     Halimat Yusuf     Oyawoye     Sa\'adu Salahu     CBT     CELF     Jimoh Bashir     Muhammad Toyin Sanusi     Dar-Al-Handasah Consultants Ltd     Ganiyu Taofiq     Adedayo Yusuf Abdulkareem     Abdulganiyu Oladosu     ITEM 7     Durbar Festival     Yusuf Abdulkadir     Dan Iya Of Ilorin     Gobir Organization Foundation     Revenue Court     11th Galadima     MAI Akande     Akeem Lawal     Idris Garuba     John Olobayo     Nupe     David Oyedepo     Ilorin Water Reticulation     Simeon Ajibola     Face Masks     Folorunsho Erubu     Dairo Kunle Paul     Council Of The Wise     Ayekale     Balogun Gambari     Ekiti     Abdul-Rahoof Bello     Neuropsychiatric Hospital     Aiyedun     Simon Sayomi     Adebara     Bello Oyedepo     Ibrahim Bio     Kayode Laro     Obayomi Azeez     Javed Khan     Amule     Royal FM