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.

Kayode Ogunlowo     Agboola Babatunde     Moshood Bakare     John Kehinde Salako     Freshvine Nigeria Limited     Ita-Ore     Bayo Onimago     Ubandoma Of Ilorin     Florence Saraki     Ibrahim Taiwo     Clara Nwachukwu     Garba Idris Ajia     Binta Abubakar-Mora     Abdulrasaq Alaro     Suraj Tunji Oyewale     Offa Grammer School     Abdulkadri Ahmad Alaiye     Abubakar Abdullahi Bata     IDPU     Shehu Salau     Alore     Simeon Ajibola     Prince Bola Ajibola     Imodoye Writer’s Enclave     Bank Of Industry     Afeyin-Olukuta     AbdulRazaq Abubakar Jiddah     Isiaka Rafiu Mope     Sardauna     Iyaloja-General     Sayomi     Osi     ITEM 7     Sheikh Alimi     Suleiman Mora Omar     Shehu Raheem Adaramaja     International Vocational Centre     Hauwa Nuru     Tunde Saad     Afolabi-Oshatimehin Adenike Harriet     Esinrogunjo     Lafiagi     Ndakene     Cassava Growers\' Association     Abdulrazaq Aiyelabegan     Muslimah Entrepreneurship Forum     Aliyu U. Tilde     Ijagbo     Kwara 2019     Sobi Specialist Hospital     Babatunde Ishola Babaita     Tayo Awodiji     Alimi Abdulrazaq     Tafida     Ezekiel Yissa Benjamin     LEAH Charity Foundation     Mubarak Oladosu     Olomu     Radio SBS     Omotoso     KWIRS     Elerinjare     Adijat Adebiyi     AbdulRazaq Jiddah     Hijaab     Garba Ayodele Wahab     Photo News     Ilorin Like-Minds     Moses Adekanye     Olusola Saraki     Ajidagba     Summit University     Pilgrims Board     Abubakar Imam     Modibbo Kawu     Awodun     Al-Hikmah University    

Cloud Tag: What's trending

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

Raliat Elelu-Habeeb     Kwara State Geographic Information Service     AbdulRasaq Abdulmajeed Alaro     Amina Susa\'a De Ahmed     Ekiti     Hassan Saliu     Kale Ayo     KWATMA     Abdulrahman Abdulrasak     Taofik Abiodun Ahmed     Standard Organization Of Nigeria     Charcoal     Sayomi     Islamic Development Bank     Jebba     Kwara Politics     Titus Ashaolu     Musa Yeketi     National Democratic Congress     Transition Implementation Committee     Aliyu Adebayo     Abdulraufu Mustapha     Sadiq Umar     Gani Saadu     Shaaba Lafiagi     Kale Belgore     TETFUND     Akanbi-Oke     Kwara Restoration Project     Yeketi     Abdulsalam A. Yusuf     Alliance For Democracy     Wahab Abayawo     Ajase-Ipo     SDP     Memunat Monsuma     Tunji Arosanyin     Mohammed Yahaya Barki     Olaoye B. Felix     Mohammed Halidu     Joana Nnazua Kolo     Olatunji Abdulmumeen     Ganiyu Taofiq     LEAH Charity Foundation     Omoniyi Ayinla     Share/Tsaragi     Yusuf Zulu-Gambari     Hikmah AbdulKareem     Amasa     Ilorin Metro Park     Kwara State Government     Gurei     Firdaos Amasa     Abubakar Bature Sulu-Gambari     KWASSIP     Ohoro Of Shao     Doyin Agbamu     Ajuloopin     Muslim Cementary     Folorunsho Alao     Oko-Olowo     COEASU     Maimunat Oniyangi     David Oyedepo     Yusuf Aiyedun     Baba Issa Awoye     Ayinke Saka     Aliyu Salihu     Hamza Usman     Bolakale Saka     Ophthalmological Society Of Nigeria     Farouk Salim     Egbejila     Illyasu Abdullahi     Sarafadeen Kayode Akorede     Afolabi-Oshatimehin Adenike Harriet     Kwara State Pension Board