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.

Millennium Development Goals     CACOVID Palliatives     Omotosho     Segun Abifarin     Taofik Abdulkareem Babaita     Kishira     Abdullah Janet Amudat     Local Government Pension Board     Shehu Salau     Split Diamond Interchange     Ben Duntoye     Standard Organization Of Nigeria     Kwara State Coalition Of Business And Professional Associations     Toyin Saraki     Kayode Ogunlowo     Kamaldeen Gambari     Kwara TV     PAACO-PCL Consortium     Sardauna     Amusement Park     Joana Nnazua Kolo     Balikis Jawondo     Gamji Members Association     Funmilayo Zubair     Abdulkadri Ahmad Alaiye     KWASEIC     Islamiya Abdulraheem     Kayode Oyin-Zubair     KwaraLearn     Patigi Regatta     Babs Iwarere     Mamman Saba Jibril     Balogun-Ojomu     Abdulmajeed Abdullahi     Smart School     Adesoye College     Amasa     Umar Yakubu Jaja     Quran     Salihu Jibril Garbi     NIRSAL     Tunde Kazeem     Femi Oladiji     Olaoye B. Felix     Dapo Teni Nig Enterprise     Ibrahim Gambari     Oba Abdulkadir La\'aro     Oke-Ero     Abdulbaqi Jimoh     Kamaldeen Kehinde     Musa Alhassan Buge     Iponrin     Balogun Gambari     Olabode George Towoju     NITDA     Geri-Alimi Split Diamond Interchange     Abdulazeez Uthman     SWAN     Gbugbu International Market     Abdulrahman Abdulrazaq     Kayode Yusuf     Femi Gbajabiamila     Ilesha Gwanara Road     Nigeria Computer Society     Radio SBS     Elewu     Hauwa Nuru     Trader Moni     Wasiu Odewale     Flights To Ilorin     IPSAS     Emmanuel Bello     Kehinde Baale     Alaro     Ebola     Yusuf Abubakar     Abdul-Rasheed Na\'Allah    

Cloud Tag: What's trending

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

Egbejila     IsDB     General Hospital, Ilorin     Emir Of Kano     Umar Ahmed Gunu     Aremu Odolaye     Saad Belgore     Abdulfatai Baakini     Kwara North     Haruna Olawale Sulaiman     Henry Olaosebikan     Ilorin East     Ahmed Bayero     Isau     Okanlawon Taiwo     Ibrahim Issa Jetti     Joseph Bamigboye     Elelu     Share-Tsaragi     Ibikunle Ogunleye     Mustapha Olanipekun     Baba Issa Awoye     Harafat E. Mukadam     NIPOGA     KWASIEC     Lafia Aliyu Korasabi     Ilorin Likeminds Foundation     Amos Bajeh     Oke-Odo     GAMA     Saliu Tunde Bello     Micheal Imoudu     Taibat Ayinke Ahmed     John Mayokun Dada     Ahman Pategi     Falokun-Oja     CCT     Muhammad Mustapha Suleiman     Usman Alkali Baba     KSIRS     Adebayo Salami     Haliru Dantoro     Saka Keji     Tescom.kwarastate.gov.ng     Tunde Mukaila Mustapha     New Model Police Station     Isapa     Yusuf Lawal     Just Law Forum     Simeon Sayomi     Salman Jawondo     Kwarareports.com     Saka Onimago     Principal Private Secretary     TETFUND     Chartered Institute Of Personnel Management Of Nigeria     Computer Based Test     MMWG     Kwara Muslim Pilgrims Welfare Board     Bashiru Makama     CUTI     Ahmad Belgore     Twitter     Musa Aibinu     Lanre Badmus     Plat Technologies     Waziri Yakubu Gobir     Yusuf Abdulkadir     Ishola Moses Abiodun     Muhammad Yahya     Umar Gunu     Abdulsalam A. Yusuf     Laduba     Patience Jonathan     Gbemisola Saraki     Ibrahim Jawondo     ASUU