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.

Bolaji Aladie     Mohammed Jimoh Faworaja     Taofik Abdulkareem     Ilorin Emirate Stakeholders Forum     Shuaib Abdulkadir     Kwara Central     Lola Ashiru     Yashikira     Fatimoh Lawal     Susan Modupe Oluwole     Aliyu Kora-Sabi     Baba Isale     Kwara-SAPZ Project     Abdullahi Adisa Akodudu     Christian Association Of Nigeria     Saudat Abdulbaqi     Ahman Pategi University     Lithium     Lasiele Alabi Yahaya     Adebara     Deji Ajani     Aremu Bose Deborah     Dele Belgore     Mohammed Yahaya Barki     Abdulahi Abubakar Bata     Omu Aran     Ganiyu Abolarin     NSCIA     Rashidi Yekini     NITDA     Amusement Park     Ridhwanullah Al-Ilory     Rasaq Jimoh     Medinat Folorunsho Salman     Aliyu Alhassan     Read With Me     Femi Gbajabiamila     Okala Baba     Elerin Of Adanla     United Nigeria Congress Party     Kale Ayo     Ronke Adeyemi     Tosho Yaqub     Markaz Arabic And Islamic Training Institute, Agege     Issa Manzuma     Pilgrims Board     Eghe Igbinehi     Mohammed Katsina Ahmed     Muyiwa Oladipo Kanu     EndSARS     Kishira     Alimi Abdulrazaq     Goodluck Jonathan     Afolasade Opeyemi Kemi     Kanu Agabi     UNILORIN Alumni Association     Mahmud Durosinlohun Atiku     UTME     Azeez Salawu     CACOVID Palliatives     Hijaab     Yusuf Badmus     Alapado     Olaitan Buraimoh     Ekiti     Erubu     Y.A. Abdulkareem     Lanre Badmus     Oloye     Council Of The Wise     Inside Kwara     Bluenile Associates     Kamaldeen Kehinde     Haleeman Salman     NIRSAL     KWASAA     Shururat Olatinwo    

Cloud Tag: What's trending

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

Rotimi Atere     Jalala     Raymond Olaitan     Muhammadu Gobir     Mamatu Abdullahi     Jide Ashonibare     CBT     Association Of Kwara State Online Media Practitioners     Musbau A. Akanji     Olaosebikan     S.O. Opowoye     JSSCE     Kwarareports.com     Neo Mundo Ltd     NSCIA     Kisra     Sarkin Malamai     Ahmed Mohammed Rifun     Yemi Sanni     Yomi Adeboye     Oba Abdulkadir La\'aro     Haliru Yahaya     Femtech     Kayode Ishola     Omupo     Musa Abdullahi     Abdulrahman Iliasu     Irepodun     Kaosarah Adeyi     Mohammed Katsina Ahmed     Kale Belgore     Issa Manzuma     Computer Based Test     Ajase-Ipo     Agboola Abdulraheem     International Aviation College     Bolakale Ayo     Khairat Gwadabe     Federal Allocation     Bature Bello     Majlis For Sadakah, Zakat And Waqf     Salake     3MTT     General Hospital     Igbomina     Maigida Soludero Transit     Sheikh Ridhwanullah El-ilory     SUBEB     Jebba     Oba Of Jebba     Muhammad Mustapha Suleiman     Offa Grammer School     Ramadan     Ado Ibrahim     IESA     Ahmed Idris Mohammed     General Hospital, Offa     Ijagbo Health Centre     Isiaka Saka Opobiyi     Afeyin-Olukuta     Omoniyi Ayinla     Wahab Agbaje     Trader Moni     Centre For Community Empowerment And Poverty Eradication     Al-Ilory     Kamaldeen Ajibade     CELF     Abdulrazaq Magaji     Ibrahim Sulu Gambari     Oniye     Adekunle David Dunmade     Kola Olota     NULGE     Yoruba     COVID-19 Palliatives     Senate     Abdulmumini Sanni Jawondo