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.

Iliasu     Ayedun     Bolaji Nagode     Eruku     High Court     Lawal Jimoh     Yahaya Jibril Usman     Oniwa     International Vocational Centre     Savannah Centre For Diplomacy, Democracy And Development     Lasiele Alabi Yahaya     National Pilot     SSA Youth     Elesie Of Esie     Bashir Badawi     Suleiman Alege Kuranga     Samuel Olusegun Adedayo     AbdulFatai Adeniyi Dan-Kazeem     Dorcas Afeniforo     Elerinjare     Saheed Akinwumi     JUSUN     Ayekale     Ilorin Talaka Parapo (ITP)     Iyabo Adewuyi     Sidikat Akaje     Mary Kemi Adeosun     Ishola Balogun Fulani     Olaiya Lawal     Abdulkadir Bolakale Sakariyah     State Bureau Of Internal Revenue     AbdulRasaq Abdulmajeed Alaro     Bola Magaji     Village Alive Development Association     Presidential Election     Kwara State Council Of Chiefs     Wahab Femi Agbaje     Waziri Yakubu Gobir     Laboratory-to-Product     Mutawali     Nigerian Medical Association     Sulaiman Gado     CCEPE     Oni Adebayo     CBT     Sarkin Malamai     Oasis Muslim Care Foundation     Amule     Titus Suberu-Ajibola     Sam Okaula     Muhammad Sirajo Aliyu     Salmon Babatunde Salmon     Sulyman Atolagbe Alege     Olumide Daniel Ibitoye     Nupe     Share/Tsaragi     Vasolar-Kwara Company Ltd     Abatemi-Usman     Gobir Organization Foundation     Pakata Patriots     Kpotum Mohammed Baba     Lawal Olohungbebe     Oko-Olowo     2023 Elections     Rachael Obisesan     Bolaji Aladie     Saliu Mustapha     Chief Imam Of Offa     Mutawalle     Maimunat Oloriegbe     Mujtabah Bature     Y.A. Abdulkareem     SSA Youth Engagement     Kayode Issa     Taofik Abdulkareem     Bello Abubakar     JMK Construction Company Limited    

Cloud Tag: What's trending

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

Aliyu Muyideen     Ayinde Oki     Bolakale Kawu Agaka     Simon Sayomi     Femi Agbaje     Centre For Peace And Strategic Studies     Anilelerin     AbdulFatai Adeniyi Dan-Kazeem     Olusin Of Ijara Isin     Kwarareports     Segun Abifarin     Tayo Alao     Iqra Books     Babata     Dauda Adeniran Adeshola     Ajayi Okasanmi     Tunde Kazeem     Offa     Atiku     Kaosarah Adeyi     Mohammed Abduraheem     Emmanuel Bello     Jimoh Saadudeen Muhammed     Egbejila     Hajj     20 Billion Bond     Alimi     Bature Bello     Sulyman Abdulkareem     2023 Elections     Tunji Olawuyi     Oya State     Ilorin Talaka Parapo (ITP)     Mamman Saba Jibril     Oba Abdulraheem     Kisra     Kolo     Nnazua     Dumagi     Elerin Of Erin-Ile     Issa Manzuma     Taofeek Sanusi     Christopher Ayeni     Omoniyi Ayinla     Mansur Alfanla     Ayodele Olaosebikan     Aro Yahaya     Bareke     NFAI     Sabitiyu Grillo     Kehinde Baale     Garuba Alikinla Shittu     Sunday Otokiti     Binta Abubakar Mora     Shaykh Luqman Jimoh     Nurudeen Muhammed     Lawal Arinola Kudirat     NIPOGA     IFK     Tunde Yusuf     Lanre Jimoh     Funmilayo Braithwaite     Okin Group     Isa Aremu     Kwha.gov.ng     Ilorin Curfew     Islamiya Abdulraheem     Mary Kemi Adeosun     Mohammed Ajia Ibrahim     Gbenga Olawepo     Adisa Logun     Fatai Garuba Labaka     Jalala     Ilorin Emirate Stakeholders Forum     Local Government     Abdulkadir Orire     TETFUND