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.

Rebecca Olanrewaju     Moro     IESA     Busari Toyin Isiaka     Oba Abu     Gbugbu International Market     Sulyman Abdulkareem     Clara Nwachukwu     Shade Omoniyi     Babaita     A.E. Afolabi     Women For Change And Development Initiative     Oba Mogaji Abdulkadir     Seni Saraki     Kwara State Pension Board     Otoge     Oro Grammar School Old Students Association     Adamu Atta     Mohammed Ibrahim     Ophthalmological Society Of Nigeria     Olupako Of Share     General Tunde Idiagbon International Airport     Omar Bolaji Gambari     TESCOM     Sidikat Uthman Ajibola     Saidu Isa     Garba Dogo     Dairo Kunle Paul     John Olobayo     Edret Sabi Abel     KWASSIP     Tunji Ajanaku     Salihu Jibril Garbi     Abdulahi Abubakar Bata     Olufolake Abdulrazaq     A.G.F Abdulrasaq     TIC     Bolakale Kawu Agaka     JUSUN     Musa Abdullahi     Computer Based Test     Sa\'adatu Modibbo-Kawu     Solomon Edoja     IDPU     Aminu Ado Bayero     Ilorin Water Reticulation     Durbar Festival     Arinola Lawal     BIR     20 Billion Bond     Ghali Alaaya     Anilelerin     Kabir Shagaya     Ejidongari     Kulende-UITH     Alapansapa     Adamu Ibrahim Sabi     Tayo Alao     Ladi Hassan     Lanre Issa Onilu     Toyin Olayinka Tejidini     3MTT     Modibbo Kawu     Ibrahim Gambari     Wale Oladepo     Bola Magaji     Mohammed Tunde-Jimoh     HAMFAT Clinic And Maternity     Abdulfatai Baakini     Funke Adedoyin     Kwara Teaching Service Commission     Idris Garuba     N-Power     Alabi Olayemi Abdulrazak     Kayode Ogunlowo     Tsaragi     Ilesha-Baruba-Gwanara    

Cloud Tag: What's trending

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

Kehinde Baale     Turaki Of Ilorin     Lanre Olosunde     Kunbi Titiloye     Babajide Ajayi     Olaiya Zuberu     Musbau A. Akanji     Segun Adeniyi     Bashirat Bola Bello     Sobi FM     CKNG     Yetunde Balogun     Ubandoma Of Ilorin     Isapa     Igbomina     Mohammed Haruna     Yomi Adeboye     Kanu Agabi     Amusa Bello     Idris Amosa Saidu     Tosho Yaqub     Otuka     ITEM 7     Obayomi Azeez     Opaleke Bukola Iyabo     Village Alive Development Association     Sunday Popo-Ola     Bashir Omolaja Bolarinwa     Shade Omoniyi     Amusement Park     Post Utme     ASUU     Bibire Ajape     School Of Nursing     Ubandoma     Abubakar Lah     Ojo Fadumila     Salihu Ajia     Sango-UITH Road     Folajimi Aleshinloye     Kwara North     Sunday Otokiti     Ben Duntoye     Olokoba     Folaranmi Aro     LAK Jimoh     Oke-opin     Local Government Pension Board     Lanre Badmus     PAACO-PCL Consortium     Federal Neuro-Psychiatric Hospital     Adebayo Mohammed Kamaldeen     Computer Based Test     Bilikisu Gambari     Yusuf Amuda Abubakar     Baba Issa Awoye     Kayode Issa     Raliat Islamic Foundation     Lai Gobir     Bureau Of Lands     Iyabo Adewuyi     Bamikole Omishore     CACOVID Palliatives     College Of Education     Olusin Of Ijara Isin     SSA Youth     Theophilus Oyebiyi     Jumoke Gafar     Amule Elementary School     Michael Ologundea     Simeon Sule Ajibola     Durosinlohun Kawu     Osi     CELF     Raliat Elelu-Habeeb     Olupako     Doyin Group