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.

Bolakale Saka     Tosho Yaqub     Kehinde Boyede     Demola Banu     Dauda Adesola     Baboko Primary School     Alloy Chukwuemeka     Katibi Ibraheem Adeola     Kayode Issa     Saka Balikis Kehinde     KWASAA     Yusuf A. Usman     Lanre Olosunde     Umar Bayo Abdulwahab     Ilesha-Baruba-Gwanara     College Of Health     Ibrahim Abdulqadir Abikan     Femi Oladiji     Ilorin General Hospital     Esinrogunjo     Mopelola Abdulmaliq-Bashir     Obayomi Azeez     CELF     NSCIA     Ganiyu Abolarin     Wasiu Odewale     Federal Allocation     Adegoke Bamidele     Ilota     Bello Taoheed Abubakar     Muhammad-Mustapha Suleiman     Federal College Of Education (Special), Afon     Sambo Murtala     State Bureau Of Internal Revenue     Ahman Pategi University     Mohammed Abduraheem     Joana Nnazua Kolo     Quareeb Islamic Association     Freshvine Nigeria Limited     Abdulraheem Yusuf     Aliyu Muhammed     Omupo     Waheed Ibrahim     Khairat Gwadabe     Abdulganiy Abimbola Abdussalam     Moremi High School     Amos Bajeh     Oke-Oyi     Offa Descendants Union     Onilorin     Abdulrazak Shehu Akorede     KWATMA     Oke-Ero     Olatunji Moronfoye     Ahmed Mohammed Rifun     GAMA     Shero     Yoonus Kola Olatinwo     Yunus Lawal     Zulkifli Ibraheem     Titus Ashaolu     Afolabi-Oshatimehin     Taofeek Sanusi     Dele Momodu     Balogun-Ojomu     Suleiman Mora Omar     JAMB     National Party Of Nigeria     Ajeigbe     SSA Youth Engagement     Amusement Park     Onikijipa     Ibrahim Oniye     Aisha Gobir     Amuda Musbau     Makama Of Ilorin     Deji Ajani    

Cloud Tag: What's trending

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

Abdulrahman Abdulrasaq     Share-Tsaragi     Ahmad Lawan     Samuel Adaramola     Sun Qing Rong     Emir Of Ilorin     Wale Oladepo     Issa Oloruntogun     Radio Kwara     Iyiola Oyedepo     Kulende-UITH     Adebara     Kassim Babamale     KWASAA     Ita-Nmo Market     Sam Okaula     Mutawali     Olateju Lukman     Adedayo Yusuf Abdulkareem     Okeose Christian Cementary     Salihu Alhaji Musa     Wahab Isa     IFK     Peculiar Allowance     Saidu Kawu     Saliu Ajibola Ajia     Muhammed Akanbi     Shuaib Jawondo     Kayode Bankole     Garba Ayodele Wahab     New Model Police Station     Rice Farmers Association Of Nigeria     CCB     TVC Female National Debate     IPSAS     Abdulkadir Orire     Obuh     Dauda Adeniran Adeshola     CBT     Olaiya Victor Mobolaji     Isiaka Oniwa     KW-GIS     Idofin     Opobiyi     Baba Idris     Funmilayo Braithwaite     M.Y. Abdulrahaman     Kisira     Okin Biscuits     Ayeyemi Sulaiman     Dapo Teni Nig Enterprise     Alfa Modibo Belgore     Okin Biscuit     Abdulwasiu Bolaji Adeyi     Eruku     Just Event Online     Sanusi Abubakar     GGDSS Pakata     Fawenu     Public Holiday     Abdulkadir Akanbi-Oke     Aliyu Olatunji Ajanaku     Oba Of Jebba     NaAllah     Saliu Tunde Bello     A.E. Afolabi     Salman Suleiman     Osuwa     Azeez Bello     Ilorin     Abatemi Usman     Chartered Institute Of Personnel Management Of Nigeria     Volunteers Of Ilorin Community And The Emirate     Yahaya Abdulkareem Babaita     Senate Presidency     Post-utme     Sunday Popo-Ola