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.

Federal College Of Education (Special), Afon     Baruba     Suleiman Mora Omar     Oyelere Oyinloye     Umar Saro     Baruten     Eleja Taiwo Banu     Omotoso Musa     Ayoade Akinnibosun     Kola Olota     Babatunde Ajeigbe     Imam Gambari     Muhammed Taofeeq Abdulrazaq     COVID     Veterinary Teaching Hospital     Dan-Kazeem     Basit Olatunji     Apado     Saliu Shola Taofeek     Standard Organization Of Nigeria     Bashir Omolaja Bolarinwa     Congress For National Consensus     Abubakar B.M     Adesoye     Nigeria Governors\' Forum     NNPP     Kwara State Television     Musa Aibinu     Timothy Olatunde Fadipe     Sulyman Atolagbe Alege     Gobirawa     Lanre Issa-Onilu     Tsaragi     Moses Adekanye     Post Utme     Oko-Erin     Democracy Day     National Information Technology Development Agency     Dairo Kunle Paul     Elections     Barakat Community Secondary School     Babata     Ubandoma Of Ilorin     Wahab Kunle Shittu     Wole Oke     Abdulmumini AbdulRazaq     Ibrahim Abduquadri Abikan     11th Galadima     Oyin-Zubair     Isiaka Alikinla     Sarkin Malamai     Ibrahim Abdullahi     Kwara State Fish Farmers Association     Kwara State Television (KWTV)     Taofeek Ibraheem     Ilorin Metro Park     Government Girls’ Day Secondary School Pakata     Fatima Abolore Jimoh     Ishola Abdullahi     NULGE     Maigida     Bolaji Abdullahi     ASKOMP     Moshood Bakare     Federal Allocation     Al-Hikmah Radio     MMWG     Halimah Perogi     Playing Host     Dankaka     Rice Farmers Association Of Nigeria     Muslimah Entrepreneurship Forum     Garba Ayodele Wahab     Usman Alkali Baba     Maigida Soludero Transit     General Hospital, Ilorin     Lanre Olosunde    

Cloud Tag: What's trending

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

Aminat Ahmed     Kolade Solagberu     Ekiti     Abdulkarim Adisa     Otunba Taiwo Joseph     Yusuf Aiyedun     Presidential Election     Patigi Regatta     Plat Technologies     Solomon Edojah     Kwarareports.com     Joana Nnazua Kolo     Kwara University Of Education     KWATMA     School Of Nursing     Yahya Mohammed     Ridwan Agboola     A.G.F Abdulrasaq     Muyiwa Oladipo Kanu     National Information Technology Development Agency     Iqra Books     Bayer Nigeria Limited     Issa Baba     Muhammad Akande Olarewaju Odunade     Alapado     Babs Iwarere     Arca Santa     Mahee Abdulkadir     Ayeyemi Sulaiman     Okanlawon Taiwo     Kale Belgore     Olatunde Oyeyiola     Kishira     Egbewole     Kolawole Bashirat     Lanre Issa Onilu     Omu-aran     Musa Alhassan Buge     Ope Saraki     Ilorin Metro Park     Undergraduate Bursary     Oke-opin     Yaru     Shonga     Face Masks     Rafiu Ajakaye     Yashikira     Alabe     Ahmed Shuaib Buranga     Agbarigidoma     Fatimah Abdulkadir     ER-KANG Mining     Balogun Ajikobi     Shettima     Abdulwahab Olarewaju Issa     COVID-19 Palliatives     Haruna Tambiri Mohammed     Usman Alkali Baba     Abdulfatai Salman Baakini     Doyin Awoyale     Kale Bayero     Muhammad Ghali Alaaya     Mohammed Yisa     Rashidi Yekini     Dar-Al-Handasah Consultants     Gbemisola Oguntimehin     April 11     Jimba Babatunde     Oniye     Mohammed Lawal     Ojuekun Sarumi     Onilorin Of Ilorin     20 Billion Bond     Ahmed Bolaji Nagode     Hassan Abdulazeez Elewu     Ibrahim Abdulqadir Abikan     Olaiya Zuberu