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.

Quarry Royal Valley     Abdulahi Abubakar Bata     Toyin Abdullahi     Aminu Adisa Logun     Abdulkarim Adisa     Razaq Ayobami Akanbi     Durbar     Apaokagi     Plat Technologies     Tsaragi-Share     Nigeria Foundation For Artificial Intelligence     Yusuf Amuda Gobir     Ridhwanullah Al-Ilory     Amina Susa\'a De Ahmed     Fola Consultant     Tafidan Kaiama     Bolakale Saka     Abubakar Ndakene     Ahmed Dankaya     Ibrahim Abdullahi     Ahmed \'Lateef     Afolabi-Oshatimehin     Folorunsho Erubu     Rebecca Olanrewaju     Chief Of Staff     Gbenga Adebayo     Government High School Adeta     Sheikh Ariyibi     Mohammed Ibrahim     Yomi Ogunsola     Ilofa     Ajeigbe     Christopher Ayeni     Bamidele Aluko     Edret Sabi Abel     Shehu Jimoh     Mustapha Olanipekun     Earlyon Technologies     Simeon Ajibola     Ibrahim Oloriegbe     Sunday Fagbemi     Oyun     Binta Abubakar-Mora     Share     KWASEIC     Aliyu U. Tilde     Awwal Jawondo     Afonja Descendants Union     IF-K     Monsurat Omotosho     Habeeb Saidu     Saliu Mustapha     National Party Of Nigeria     CACOVID Palliatives     Isiaka Rafiu Mope     Ramadhan     Abdulrazak Shehu Akorede     Umar Ayinla Saro     Saka Keji     George Funsho Adebayo     Abiodun Oyedepo     Vasolar-Kwara Company Ltd     Sobi FM     Yusuf Zulu-Gambari     Olabimpe Olani     Yusuf Abdulwahab     Hassan Saliu     Alao Ayotunde     Jimoh Olusola Imam     Yetunde Balogun     Isau     Kisira     Kwara State Polytechnic     Kwara State Fire Service     Gobir     Haruna Tambiri Mohammed     Mohammed Haruna    

Cloud Tag: What's trending

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

Kannike     Mashood Dauda     Gabriel Fashanu     Kwara State Pension Board     Abdullahi Adisa Akodudu     SWAN     Kwara 2019     Shade Omoniyi     Bamidele Adegoke Oladimeji     Oloruntoyosi Thomas     Durosinlohun Atiku     Rueben Parejo     Abdulrahman Abdulrazaq     Usman Alkali Baba     Mustapha AbdulGaniyu     High Court     NYSC     Suleiman Mora Omar     Ibrahim Agboola Gambari     AGF Abdulrazaq     Bola Shagaya     Toun Okewale-Sonaiya     Muhammad Akande Olarewaju Odunade     Kwara North     Zainab Abass     Saba Jibril     Obayomi Azeez     Just Event Online     Minister     Aliyu Salihu     Ibrahim Abikan     Oladipo Akanmu Tolani     Abdulkarim Adisa     Gbemisola Saraki     Vasolar     Riskat Opakunle     Fola Consultant     Sulyman Age AbdulKareem     Anilelerin     Mufutau Olatinwo     Sidikat Alaya     Ahman Pategi     Aliyu Kora Sabi     Abdulsalam Firdaous Amosa     Ishola Balogun Fulani     Ajibola Ademola Julius     Maigidasanma     Oko-Erin     Irepodun     Roseline Oni Aremu     Oloyede     Idris Amosa Saidu     SUBEB     Olatunde Oyeyiola     Suleiman Yahya Alapansapa     Ladi Hassan     Shehu Salau     Ajakaye     Offorjama     Ishola Abdullahi     Ibrahim Kayode Adeyemi     Jumoke Gafar     Tosho Yaqub     Egbewole     Wahab Kunle Shittu     Mahmud Durosinlohun Atiku     VADA     Lanre Jimoh     Maryam Nurudeen     Abdulquowiyu Olododo     TIIDELab     Abdulmumin Yinka Ajia     Razak Atunwa     Kassim Babamale     Muhammed Danjuma     Sunday Fagbemi     Musa Alhassan Buge