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.

Aminat Omodara     Funmi Salau     Dasuki Belgore     Quran     Kaosarah Adeyi     Muslimah Entrepreneurship Forum     Unicontinental Construction Company     Vasolar     Sulyman Tejidini     Yahaya Abdulkareem Babaita     Monkey Pox     Abdullahi Samari     Opolo Global Innovation Limited     Muhammad Fawaz Abubakar     Isiaka Alikinla     Yomi Adeboye     Siddiq Adebayo Idowu Salawu     Yahaya Oloriegbe     Tafida     LEAH Charity Foundation     Third Estate     Babs Iwarere     Bola Olukoju     Frootify     Saeedat Aliyu     General Hospital, Offa     Maigida Soludero Transit     Kwabes     Nurudeen Mohammed     Oba Sulaiman Asude     BECE     Mogaji Aare     SSA Youth Engagement     Mutawalle     Abdullateef Abdussalam     Aishat Mohammed Lawal     Abdulsalam A. Yusuf     Nigerian Supreme Council For Islamic Affairs     Alabi Olayemi Abdulrazak     National Broadcasting Commission     Javed Khan     Taofik Abiodun Ahmed     Oloyede     Apaola     Yusuf Olaolu Ali     Omoniyi Ayinla     Moshood Kashimawo Abiola     Tsado Manman     General Tunde Idiagbon International Airport Ilorin     Ayinke Saka     Garba Dogo     Kunle Akogun     Oke-Ero     Ademola Kiyesola     AIT Ilorin     Agboola Babatunde     Babata     Haashim Initiative For Community Advancement     John Dara     Tsaragi/Share     Congress For National Consensus     Lawyers Unite Against Corruption     Folorunsho Alao     Sa\'adu Salahu     Old Oyo     Mujtabah Bature     Bola Tinubu     Oyin-Zubair     Mohammed Saidu     Sarkin Malamai     Mohammed Ibrahim     Doyin Group     Yeketi     Tunde Oyawoye     Geri-Alimi Split Diamond Interchange     Ibraheem Abdullateef     Wahab Egbewole    

Cloud Tag: What's trending

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

Kishira     Jumoke F. Ajao     Yomi Ogunsola     Kwara State Fire Service     Federal Allocation     Ilofa     Saba Mamman Daniel     Laboratory-to-Product     Harafat E. Mukadam     Labaeka     AbdulRahman Saad     Ekweremadu     Christopher Tunji Ayeni     Code Of Conduct Tribunal     Abdulfatai Salman Baakini     Oko-Erin     Valsolar Consortium     Omotoso Musa     Presidential Election     Nigerian Correctional Service     Simeon Sule Ajibola     Niguel Gallando Marcias     Sulyman Tejidini     Col. Ibrahim Taiwo     Volunteers Of Ilorin Community And The Emirate     Hassanat Bello     Tunji Moronfoye     Bank Of Industry     Nagode     Ilesha-Baruba     Saka Asiat Ayinke     AbdulGaniyu Kareem     Umar Ayinla Saro     Split Diamond Interchange     Turaki     Jalala     Kayode Ishola     Suraj Tunji Oyewale     Ifelodun     KWIRS     Odolaye Aremu     Ridhwanullah Al-Ilory     Katibi Ibraheem Adeola     Sa\'ad Alanamu     Amos Justus Sayo     Alore     Gbemisola Saraki     Sobi Specialist Hospital     Ebun-Olu Adegboruwa     ARMTI     Kpotum Mohammed Baba     Sa\'adu Salau     High Court     Abiodun Musa Aibinu     Mogaji Aare     Abdulkadri Ahmad Alaiye     Oluwarotimi Boluwatife Adenike     Olayinka Olaogun     Public Holiday     Fola Consultant     Bolaji Aladie     Towobola Abdulrahman Toyin     Gafaru Olayiwola Olorisade     Abdullah Janet Amudat     Taofik Abdulkareem Babaita     Nnazua     Alfa Modibo Belgore     Adam Abdullahi Al-Ilory     Kwara State University Of Education     Sherif Sagaya     Kwara Politics     RTEAN     Bello Taoheed Abubakar     Aminu Ado Bayero     Bio Ibrahim     Ilorin West     Abubakar Kawu Baraje