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.

Femi Oladiji     Hakeem Lawal     COVID     April 11     Assayomo     Saad Omo\'ya     Awili Pedro     Amosa     Diagnostic Centre     Bola Sagaya     Ajase-Ipo     Abdulrauf Yusuf     Balogin Alanamu     Ahmed Mohammed Rifun     Simeon Ajibola     Offa Descendants Union     Salmon Babatunde Salmon     Kamoru Kadiri     AbdulHamid Adi     Kwara State Football Association     Ganmo     Aremu Odolaye     Kazeem Oladepo     Tafida     Yoonus Kola Olatinwo     Modibo Kawu     Femi Gbajabiamila     Ilesha-Baruba     Kamaldeen Ajibade     Salihu Alhaji Musa     Sa\'adu Salahu     Bature Bello     Joseph Daudu     Lanre Olosunde     Shehu Alimi Foundation For Peace And Development     Deji Ajani     Olabode Towoju     Ibrahim Abdulqadir Abikan     Kwara Apc     Tanke Road     Aminat Omodara     PPS     Kolawole Akande     Umar Bayo Abdulwahab     KWACOBPA     Sardauna     Onikijipa     Pakata Patriots     Baaziki Sulaiman     Lanre Issa-Onilu     National Union Of Road Transport Workers     Oloje     Aliyu Kora Sabi     Makama Of Ilorin     Aliyu U. Tilde     Gobir Organization Foundation     Bankole Omishore     IHS     Kwara Pdp     Yusuf Abubakar     National Association Of Nigerian Students     Bashir Badawi     All Confederation Of Principals Of Secondary Schools     Jare Olatundun     Yoruba     Public Holiday     UNIFEMGA     Bola Ahmed Tinubu     Kazeem Gbolagade     Ibrahim Taiwo Road     Kwara Restoration Project     Hydroelectric Power Producing Areas Development Commission     Sheikh Ridhwanullah     Olawuyi     Muhammed Danjuma     Afonja Descendants Union     New Naira Notes    

Cloud Tag: What's trending

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

Tafida     Maryam A. Garuba     Yusuf A. Usman     Bello Taoheed Abubakar     Ishola Abdullahi     Musa Ayinla Yeketi     Sarakite     Zulu Gambari     Saadu Alanamu     Ibrahim Abduquadri Abikan     Olufolake Abdulrazaq     The Herald     Funmi Salau     Sidikat Uthman Ajibola     Gbugbu     Arandun     Ibrahim Bio     Ayodele Shittu     Abdulfatah Ahmed     Galland Marcias     Agbarigidoma     Funmilayo Isiaka Oniwa     Tsaragi-Share     General Tunde Idiagbon International Airport     Abdulrazaq Solihudeen     Shehu Jimoh     Bio Ibrahim     Charcoal     Omoniyi Ayinla     Shonga Farm Project     Ijakadi     Yakubu Gobir     Adisa Logun     Elewu     Kwara     Asa     Saidu Yaro Musa     Bashir Badawi     KWASAA     Omoniyi M. Ayinla     Hassan Saliu     Ojo Fadumila     Laboratory-to-Product     Ajasse-Ipo     Emir Of Ilorin     Quran     Aro Yahaya     Adesoye     Wahab Egbewole     RTEAN     Salman Suleiman     Tricycle Owners Association Of Nigeria     Kolo     Abdulbaqi Jimoh     Surajudeen Akanbi     Damilola Yusuf Adelodun     Saka Asiat Ayinke     Abdulkadri Ahmad Alaiye     Moshood Kashimawo Abiola     Titus Suberu-Ajibola     International Aviation College     Wahab Isa     Busari Toyin Isiaka     Haliru Dantoro     Ahmed     Bamidele Adegoke Oladimeji     Abdulrazaq Akorede     Mary Kemi Adeosun     Razaq Ayobami Akanbi     Muhammed Abdullahi     Abdulfatai Ahmed     Moses Afolayan     Bashiru Makama     General Hospital, Offa     Ope Saraki     Yahaya A Paniyaro     Bola Ahmed Tinubu