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.

Binta Abubakar-Mora     Benin Republic     AbdulQowiy Olododo     Kwara North     Bilikisu Gambari     Kisira     Hassan Oyeleke     Ilorin Central Mosque     Bayo Ajia     Amos Sayo     Haliru Dantoro     Joana Nnazua Kolo     Elerinjare-Ibobo     Wahab Egbewole     George Funsho Adebayo     Olayinka Olaogun     Sheriff Olanrewaju     Alore     Lanre Issa-Onilu     Amos Bajeh     Kpotum Mohammed Baba     Waziri Yakubu Gobir     Muhammad-Mustapha Suleiman     Abdulrahman Abdulrasak     Kayode Laro     Ademola Kiyesola     Senate Presidency     Pakata Patriots     Rafiu Ajakaye     Amuda Bembe     Saba Mamman Daniel     Sulu Gambari     Saheed Akinwumi     Laboratory-to-Product     Ahmed \'Lateef     Obuh     Ogidi-Oloje     Senior Special Assistant On Student Affairs     Idi-Ape     REO CAKES     Olatunji Moronfoye     Kamaldeen Ajibade     Haliru Yahaya     Taofeek Sanusi     Smart School     AbdulHakeem Ajibola Akanbi     Rotimi Samuel Olujide     Taiwo Joseph     Turaki Of Ilorin     Jeunkunu-Malete-Bani     Chartered Institute Of Personnel Management Of Nigeria     Ishaq Abdulkarim     Bond     Islamic Development Bank     Oro Grammar School     Suleiman Yahya Alapansapa     Esinniobiwa Quareeb     Alabere     Yahya Mohammed     Sheikh Ariyibi     Busari Alabi Alausa     CACOVID     Oba Of Jebba     Abubakar Aliagan     Okin Group     Prince Bola Ajibola     Guber Aspirant     Tafida Of Kaiama     Dankaka     Jide Ashonibare     Alagbado     Shehu Salau     Emir Of Lafiagi     Garba Dogo     Adamu Attah     Owo Arugbo     NIRSAL    

Cloud Tag: What's trending

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

Yusuf Lanre Badmus     Bayer AG     Chief Of Staff     College Of Education     Abdul-Rasheed Na\'Allah     David Oyedepo     Taofik Abiodun Ahmed     Abdulrazaq Akorede     Gurei     Yusuf Badmus     Turaki     Bukola Saraki     Tosin Saraki     Muhammed Danjuma     Dumagi     Millennium Development Goals     Sadiq Umar     Usman Rifun     Dagbalodo     Samuel Elizabeth Keatswa     Ojuekun Sarumi     TESCOM 2025     Centre For Peace And Strategic Studies     Tope Daramola     Eleja     National Party Of Nigeria     Monsurat Omotosho     Akeem Olatunji     Code Of Conduct     Abdulquawiy Olododo     Abdulmutalib Shittu     Abdulmajeed Abdullahi     Christopher Ayeni     Ilorin Emirate     Ilorin     Ahmad Lawan     Mary Arinde     UITH     Senate Presidency     LAK Jimoh     C2c@kwarastate.gov.ng     Ademola Kiyesola     Femi Ogunsola     Ahmed Bayero     Saheed Alakoso     PPS     Ajase-Ipo     Ubandoma     Osuwa     Amuda Bembe     Lawan     Bolaji Gambari     Yusuf Amuda Gobir     Kehinde Boyede     Sunset Workers     Toyin Abdullahi     Abdulkadri Ahmad Alaiye     Olaitan Adefila     Salman Alada     AGM Professional Services     SUBEB     Hamza Usman     TIIDELab     Oke-Ogun     Kayode Oyin Zubair     Abdulquowiyu Olododo     Maryam A. Garuba     Aminat Omodara     Abdulmajeed Wahab     MINILS     Kwara Central     Communication Network Support Services     Abdulrazak Shehu Akorede     Sardauna     Joseph Bamigboye     Oluronke Adeyemi     Abubakar Baba Sulaiman