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.

Kwarareports.com     Islamiya Abdulraheem     Zubair Folorunsho Erubu     Sardauna     Kwara State Fish Farmers Association     Yahaya Oloriegbe     Baba Idris     Simeon Sule Ajibola     Playing Host     Igosun     Ojuekun Sarumi     Sadiq Buhari     Aremu Odolaye     Fatimah Abdulkadir     Ramat Oganija     All Peoples Party     Tunde Saad     AbdulFatai Adeniyi Dan-Kazeem     IQRA College     Olanrewju Okanlawon Musa     Lawal Jimoh     Chartered Institute Of Personnel Management Of Nigeria     Awodun     Abdulrosheed Okiki     KFA     Falokun-Oja     Nigeria Customs Service     Durosinlohun Kawu     Egbejila     Ibrahim Taiwo Road     Abdulraheem Olesin     Olokoba Sulyman     Kisira     Omotosho     Moshood Mustapha     Village Alive Development Association     Ilorin Likeminds Foundation     Ojo Fadumila     Offa Poly     Kuliyan Geri     Mukhtar Shagaya     Ajibike Katibi     AbdulRauf Keji     Oya State     Segun Olawoyin     Adesoye     Matthew Babaoye     Kubra Kazum     Curfew     Dankaka     Omoniyi Ayinla     Abdulrazaq Akorede     Monkey Pox     Jumoke F. Ajao     Kannike     Katibi Ibraheem Adeola     Abdulraufu Mustapha     Abdulfatai Baakini     NSCIA     Simeon Sayomi     Tunji Arosanyin     AbdulRahman Saad     Ishaq Oloyede     George Innih     Kwara Pdp     Saraki     Isiaka Oniwa     SSA Youth     Mamman Saba Jibril     Abubakar Imam     Aminat Ahmed     MalHub     Joshua Adeyemi Adimula     Sulu Babaita Isiaka     Ayo Opadokun     Kwara State Sports Commission     Femi Gbajabiamila    

Cloud Tag: What's trending

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

Garba Dogo     Gobir Organization Foundation     Binta Abubakar-Mora     Olabode George Towoju     Arik     Aliyu Kora-Sabi     Jumoke Gafar     Kanu Agabi     Eghe Igbinehi     Pacify Labs     Turaki     Kamaldeen Ajibade     Bukola Ajikobi     Isiaka AbdulRazaq     Elekoyangan     Sabitiyu Grillo     KwaraLearn     Yemi Osinbajo     Face Masks     Adanla-Irese     Modupe Oluwole     Ahman Pategi     Kpotum Mohammed Baba     Jumoke F. Ajao     Aliyu Sabi     Cornelius Fawenu     Sa\'ad Alanamu     Tosin Saraki     Sunset Workers     Moses Afolayan     Oyedepo     Rashidi Yekini     Ilorin Like-Minds     Mansurat Amuda-Kannike     Tsaragi     Peculiar Allowance     Mary Arinde     Mahmud Durosinlohun Atiku     Baboko Primary School     Saka Isau     March 18     Ibrahim Oniye     Adewuyi Funmilayo     Inside Kwara     Gani Saadu     Ahman Patigi     Alliance For Democracy     Isapa     Yakubu Danladi     Ogbondoroko     Senate     Gbemisola Oguntimehin     Suleiman Yahya Alapansapa     Akom Construction And Engineering Synergy Ltd     Iyaloja-General     Alimi     Abdullahi Adisa Akodudu     Funmilayo Isiaka Oniwa     Bayo Ajia     Ahmed     ASMAU PLAZA     Markaz Arabic And Islamic Training Institute, Agege     2017 Budget     African Democratic Congress     Hausa     Abdulmumini Jawondo     Photo News     Colleges Of Education Academic Staff Union     Abdulkadir Akanbi-Oke     Kamoru Kadiri     Obuh     Tafidan Kaiama     Yashikira     Olubukola Kifayat Adedeji     Babaita     KWASIEC     Busari Alabi Alausa