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.

Lanre Issa Onilu     Quarry Royal Valley     Women For Change And Development Initiative     Kayode Oyin Zubair     Adesoye     Oke Sunna     Kulende-UITH     Mohammed Khadijat Kubura     Abdulmajeed Abdullahi     Idris Garba     Royal FM     Bayer AG     Prince Sunday Fagbemi     United Nigeria Airline     Ganiyu Abolarin     Tunde Akanbi     Ayotunde Emmanuel Alao     Police Commissioner     Akorede     Pius Abioje     Samuel Elizabeth Keatswa     Abegunde Goke     Kwara State Coalition Of Business And Professional Associations     The Herald     SARS     Mufutau Olatinwo     Shaaba Lafiagi     Galadiman Ngeri     Rasheed Jimoh     Elelu     Oyeyemi Olasumbo Florence     Ilorin Metro Park     3MTT     Ishola Moses Abiodun     Alfa Modibbo Belgore     Mufutau Gbadamosi Esuwoye     BECE     Sarah Alade     Oya State     Dele Momodu     Noah Yusuf     Musa Ayinla Yeketi     Okanlawon Taiwo     Shehu Jimoh     Ishaq Oloyede     Ayoade Akinnibosun     Abatemi-Usman     Grillo     Tinubu     Manzuma     Umar Adelodun     Tayo Awodiji     Tsado Manman     Ibrahim Abdulkadir Abikan     Revenue Court     Gabriel Fashanu     Aiyedun     Erin-ile     KWASAA     Haliru Yahaya     Jimoh Olusola Imam     Ahmad Olanrewaju Belgore     Countryside Emerging Leaders Fellowship     Igosun     Yahaya Abdulkareem Babaita     Niyi Ogundiran     Ibraheem Adeola Katibi     Khadijat Ayoola Yusuf     Matthew Okedare     KWTV     Turaki Of Ilorin     Computer Based Test     Lawal Olohungbebe     Oba Of Jebba     Abdulmumini Jawondo     A.G.F Abdulrasaq     Adaramaja    

Cloud Tag: What's trending

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

Magaji Nda     Amos Bajeh     Abdulrosheed Okiki     Bio Ibrahim     Charcoal     Afolasade Opeyemi Kemi     Isaac Aderemi Kolawole     Rapheal Ashaolu     Mohammed Khadijat Kubura     Prince Bola Ajibola     Falokun-Oja     NaAllah     Kawu     Popo-Igbonna     Jani Ibrahim     Moronfoye     Bello Taoheed Abubakar     HAMFAT Clinic And Maternity     Egbejila     Oba Sulaiman Asude     NFAI     Sebastine Obasi     Sarafadeen Kayode Akorede     ITP     Al-Hikmah Radio     Sa\'adu Gambari     Ajasse-Ipo     Smart School     Ilorin Durbar     Admiralty Villa     Kazeem Adekanye     Muhammed Taofeeq Abdulrazaq     Titus Suberu-Ajibola     UITH     Saeedat Aliyu     Senate President     Gobirawa     Abdullahi AbdulMajeed     Iponrin     Muritala Olarewaju     Abdulrazaq Solihudeen     Neuropsychiatric Hospital     Abdulrahman Abdulrazaq     Rotimi Atere     Rihanat Ajia     Olabimpe Olani     M.Y. Abdulrahaman     Kisra     Eruku     Oniyangi     Oke-opin     Taofik Abdulkareem Babaita     Kolo     Ajibike Katibi     Saliu Tunde Bello     Mohammed Halidu     Abdulquowiyu Olododo     Onilu     Bello Abubakar     Mustapha AbdulGaniyu     Ilofa     Ogidi-Oloje     Mutawali     Toyin Olayinka Tejidini     Ilorin Emirate Staff Association     George Funsho Adebayo     Dumagi     Mohammed Tunde-Jimoh     Vasolar-Kwara Company Ltd     Kannike     Ibrahim Orire     Amos Sayo     CACOVID Palliatives     Yusuf Abdulkadir     Bisi Kristien     Hassan A. Saliu     RTEAN