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.

Adedipe     Kwara Restoration Project     High Court     Kisra     Is\'haq Modibbo Kawu     Bolakale Kawu Agaka     Habeeb Saidu     Kpotum Mohammed Baba     Usman Alkali Baba     Aisha Ahman-Pategi     Umaru Saro     Sebastine Obasi     Ballah     Aremu Bose Deborah     Nigeria Customs Service     Maryam Nurudeen     Sun Qing Rong     Maryam A. Garuba     Undergraduate Bursary     Federal Road Maintenance Agency     Presidential Election     Kwara TV     Share-Tsaragi     Abdulrasheed Lafia     Ibrahim Issa Jetti     Aliyu U. Tilde     Pius Abioje     Okedare     Agor Market     National Party Of Nigeria     Jamiu Oyawoye     Ilorin Metro Park     Fulani     Ilorin     Garment Factory     AGM Professional Services     SSUCOEN     Elerinjare-Ibobo     Kwara State Government     Government Girls’ Day Secondary School Pakata     Muslim Cementary     Buari Edun     Iqra Books     Abubakar Aliagan     Bashirat Bola Bello     AGF Abdulrazaq     Zara Umar     Theophilus Oyebiyi     Curfew     Goodluck Jonathan     Sarkin Malamai     Yinka Aluko     Olohungbebe     Abdulrahman Abdulrasak     Kuliyan Geri     Ahmed Mohammed Rifun     Sulaiman Gado     Olokoba Sulyman     Oke-Ode     Amusement Park     Kwara State Polytechnic     Millennium Development Goals     Ishola Balogun Fulani     Abdulrahman Iliasu     Okin Malt     Mohammed Ghali Alaaya     Tescom.kwarastate.gov.ng     Joseph Bamigboye     Olukotun Of Ikotun     Saliu Ajia     Yoonus Kola Olatinwo     Falokun-Oja     Matthew Okedare     Hameed Oladipupo Ali     Crystal Corner Shops     Tunji Moronfoye     Earlyon Technologies    

Cloud Tag: What's trending

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

Saadu Alanamu     Sheikh Ridhwanullah El-ilory     Bature Bello     Oloye     Elese Of Igbaja     Ibraheem Adeola Katibi     Ibrahim Mashood     Abdulkadir Jimoh     Bola Tinubu     Akorede     Abiodun Jacob Ajiboye     Hakeem Idris     Shettima     Madawaki Of Ilorin     Mohammed Abduraheem     Oloje     Mansurat Amuda-Kannike     Shuaib Abdulkadir     Salihu Ajibola Ajia     International Public Sector Accounting Standards     Amule Elementary School     Haruna Tambiri Mohammed     Shuaib Olarongbe     Umar Bayo Abdulwahab     Abdulrauf Aliyu     Ahmed \'Lateef     CUTI     Basit Olatunji     Salaudeen Oyewale     ER-KANG     Eghe Igbinehi     Olajumoke Monsura Gafar     Bello John Olanrewaju     Gbemisola Saraki     Moses Rahman Popoola     SARS     Laboratory-to-Product     Saeedat Aliyu     Ogbondoroko     Mashood Abdulrafiu Agboola     Oluranti Idowu     Umar Gunu     Federal College Of Education (Special), Afon     Omotosho     Lanwa     07039448763     Zulkifli Ibraheem     Bola Iyabo Ibiyeye Adisa     Oke-Ode     Kale Bayero     MMWG     KWASIEC     Kolawole Akande     Idofin     Dan Iya Of Ilorin     Katibi Ibraheem Adeola     Alfa Modibbo Belgore     Ilorin South     SUBEB     Dairo Kunle Paul     Isiaka Gold     Olupako Of Share     3MTT     Omoniyi M. Ayinla     Taibat Ayinke Ahmed     Rafiu Ajakaye     Borgu     Local Government     Abdullahi Biffo     Alaiye     Ajayi Okasanmi     Aminu Ado Bayero     Abdulmumini AbdulRazaq     IPSAS     Zulu Gambari     Sidikat Akaje     Ita-Nmo Market