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.

Bukola Ajikobi     IsDB     KSIRS     JUSUN     Sheu Ndanusa Usman     Emir Of Kano     Lola Ashiru     Sidikat Alaya     Henry Olaosebikan     Ayekale     Ronke Adeyemi     Sheikh Ridhwanullah El-ilory     Alabi Lawal     Societe Generale Bank Of Nigeria     NURTW     Oke-Ode     Saduki Lafiagi     Esuwoye     Sulyman Age AbdulKareem     Ishak Mohammed Sabi     GRA     Aliyu Sabi     Gbemisola Oguntimehin     Azeez Bello     Nagode     Muhammadu Buhari     Abdulraheem Yusuf     Oke-Odo     NFAI     Chartered Institute Of Personnel Management Of Nigeria     Ibrahim Labaika     Peter Amogbonjaye     Samuel Olusegun Adedayo     Oju Ekun Sarumi     Kazeem Oladepo     Sheikh Alimi     Galland Marcias     Ekiti     Shuaib Boni Aliyu     Agbarigidoma     CKNG     Adam Abdullahi Al-Ilory     Binta Abubakar-Mora     Facebook     ASMAU PLAZA     Adeniyi Ojo     Alapado     Sobi FM     Jaiz Bank     Igbomina     Abdulwaheed Musa     Guber Aspirant     Alumni Association Of The Federal Polytechnic Offa     Yusuf Abubakar     Musa Aibinu     Abdul Jimoh Mohammed     A.E. Afolabi     Ishola Abdullahi     Dorcas Afeniforo     Lai Mohammed     Alabere     Jelili Yusuf     ITP     Ilorin East     Bolaji Aladie     Femi Agbaje     Abdulhakeem Adelaja Amao     Idris Amosa Oladipo Saidu     Owo Arugbo     Okedare     Kwara University Of Education     IFK     Tunji Moronfoye     Shettima Of Ilorin     Clement Yomi Adeboye     Ibrahim Bio     Makama Of Ilorin    

Cloud Tag: What's trending

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

Mustapha AbdulGaniyu     Kwara State University Of Education     Offa Metropolitan Club     Sidikat Alaya     Haruna Olawale Sulaiman     Otuka     Abdulmutalib Shittu     Tunde Mukaila Mustapha     Mohammed Kamaludeen     Abdulrahman Abdulrazak     Balogun Ajikobi     NAWOJ     Bashir Adigun     Bilikis Oladimeji     Oluwatoyin Lukman     Oke-Ode     Alao Ayotunde     Alagbado     Kazeem Adekanye     Iyaloja-General     Col. Taiwo     Ilesha-Baruba     Iyabo Adisa Ibiyeye     Jaiz Bank     Ayoade Akinnibosun     Ayotunde Emmanuel Alao     Ibrahim Agboola Gambari     Galadima     Adanla-Irese     Kayode Ibrahim     Aremu Odolaye     Ilorin Durbar     Bayo Onimago     Isiaka Alikinla     JAMB     Akume     Olajumoke Monsura Gafar     Monthly Sanitation Exercise     Mufutau Olatinwo     Kayode Issa     Fola Consultant     Olosi Of Osi     Danhawa     Kolo     Kwara Restoration Project     Ubandoma     AGF Abdulrazaq     Olupako Of Share     Abdulrauf Yusuf     Sobi     Mustapha Akanbi     Gbugbu International Market     Oke-Oyi     Yusuf Olaolu Ali     National Democratic Congress     Oba Of Jebba     KWASIEC     Abdulsalam A. Yusuf     Monkey Pox     Christopher Ayeni     Timothy Akangbe     Sheriff Shagaya     Jide Ashonibare     Pilgrims Board     Ishak Mohammed Sabi     Shehu Alimi Foundation     Segun Abifarin     Markaz Arabic And Islamic Training Institute, Agege     Minister     Marufat Oladosu     Chemiroy Nigeria Limited     GAMA     Salihu Alhaji Musa     Hassan Oyeleke     Ohoro Of Shao     Kwara State Health Insurance Agency     Centre For Community Empowerment And Poverty Eradication