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.

LEAH Charity Foundation     Suleiman Ajadi     Federal Allocation     Rachael Obisesan     Abdulraheem Olesin     Aro Yahaya     Doyin Agbamu     Monthly Sanitation Exercise     Hassan A. Saliu     Geri-Alimi Split Diamond Interchange     Ado Ibrahim     JUSUN     Musa Ayinla Yeketi     Simon Sayomi     Kamaldeen Ajibade     Salake     Oyelere Oyinloye     Oba Of Jebba     Harrison Osauwagboe     Alaaya     Ahmed Ayinla Jimoh     Presidential Election     Abraysports FC     Titus Ashaolu     Mumini Ishola Hanafi     Turaki Of Ilorin     All Peoples Party     Tunde Kazeem     Iyabo Adewuyi     Sobi FM     Ilorin International Airport     Katibi Ibraheem Adeola     Saka Isau     Alimi     Ibrahim Bio     Pakata     Alabere     Odo-Owa     Binta Abubakar Mora     Monsurat Omotosho     Saka Saadu     Mohammed Ibrahim     Kaiama     Lithium     Crystal Corner Shops     Salary     Omotoso     Muideen Olaniyi Alalade     Ganmo Power Sub-Station     Afin Descendants Union Of Odo-Owa     Muslim Cementary     Mohammed Abdulahi     Bolaji Nagode     Falokun-Oja     Ike Ekweremadu     Rashidi Yekini     Babaita     Teachers Specific Allowance     Abdullahi Samari     Mary Arinde     Esinrogunjo     Kwara State Polytechnic     Abdulrauf Aliyu     Riskat Opakunle     Abdulsalam Firdaous Amosa     Minimum Wage     Yusuf Ali     Aliyu Umar     Modibbo Kawu     Federal Road Maintenance Agency     Samuel Adaramola     Omu Aran     Aremu Bose Deborah     A.G.F Abdulrasaq     Rafiu Ajakaye     Veterinary Teaching Hospital     Majlis For Sadaqah, Zakat And Waqf    

Cloud Tag: What's trending

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

Popo-Igbonna     Sam Onile     Kale Kawu     Olayinka Jelili Yusuf     KWASSIP     Oja-Oba     National Union Of Road Transport Workers     Sa\'ad Alanamu     Moses Adekanye     Mohammed Tunde-Jimoh     Bolaji Nagode     Onikijipa     Olatunji Moronfoye     Kwara State Television     Danhawa     Dele Momodu     Tafida     Pakata Patriots     Moshood Bakare     Adolescent Girls Initiative For Learning And Empowerment     Oba David Oyerinola Adedunmoye     Tunde Oyawoye     Bola Tinubu     Abiodun Abdulkareem     James Kolo     Ilota     Abiodun Oyedepo     Mamatu Abdullahi     Oko-Olowo     Abdulmalik Bashir Mopelola Risikatullahi     Government High School (GHS), Adeta     Chief Imam Of Ilorin     Taofeek Ibraheem     Lola Olabayo     Nigerian Supreme Council For Islamic Affairs     Ilorin Curfew     Hajj     Kassim Babamale     Shehu Salau     Amuda Bembe     Eleja Taiwo Banu     Ibrahim Taiwo     Babatunde Idiagbon     Asiwaju Bola Tinubu     Nigeria Foundation For Artificial Intelligence     Benin Republic     Nnazua     Muhammed Danjuma     Modibo Kawu     Mohammed Ghali Alaaya     AbdulHamid Adi     James Ayeni     Saba Jibril     April 11     Elerinjare-Ibobo     Yusuf Babatunde Abdulwahab     Alumni Association Of The Federal Polytechnic Offa     Kazeem Oladepo     Bolakale Kawu Agaka     Alabi Lawal     Ibrahim Abduquadri Abikan     Ahman Pategi     Kunle Suleiman     Monthly Sanitation Exercise     Gbemi Saraki     United Nigeria Congress Party     Alagbado     Admiralty Villa     TIIDELab     Abdulwaheed Musa     Ahmed Dankaya     Abdulrahman Iliasu     Bayo Mohammed Onimode     Charcoal     Umaru Saro     Sola Saraki Educational Foundation     Shettima