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.

Face Masks     Gbugbu International Market     Ibrahim Labaika     Suleiman Mora Omar     Kisra     Ajayi Okasanmi     Abdulganiyu Oladosu     Oko-Erin     Borgu     Haashim Initiative For Community Advancement     Baruten     David Oyedepo     Saad Belgore     Mutawalle     Unicontinental Construction Company     Ajibola Saliu Ajia     Olayinka Jelili Yusuf     Kayode Laro     Tafida Of Kaiama     LAK Jimoh     Taiwo Joseph     Abdul-Rasheed Na\'Allah     Kisira     Ndakene     Muslim Cementary     United Nigeria Congress Party     Anilelerin     Magaji Nda     Balogun Fulani     Jumoke F. Ajao     Haliru Dantoro     Ojo Fadumila     Raliat AbdulRazaq     Baboko Primary School     Salihu Jibril Garbi     Kwara University Of Education     Al-Ilory     Pategi     Yusuf Abdulkadir     KWSIEC     Yakubu Danladi     Abdulhakeem Adelaja Amao     Sidikat Uthman Ajibola     Isin     Oloruntoyosi Thomas     Rafiu Ibrahim     Demola Banu     Quarry Royal Valley     Umar Yakubu Jaja     Wahab Olasupo Egbewole     Halimah Perogi     Wole Oke     Millennium Development Goals     Folaranmi Aro     S.O. Opowoye     Kwara State Football Association     Babatunde Ajeigbe     Bayo Onimago     Bukola Saraki     Fatai Adeniyi Garba     Saidu Isa     Tunji Moronfoye     Olatunji Ibrahim     Emmanuel Olatunji Adesoye     Charcoal     Iyabo Adisa Ibiyeye     Bankole Omishore     Okasanmi Ajayi     Abdulmumin Yinka Ajia     NSCIA     Ibrahim Taiwo     Taofik Mustapha     Just Law Forum     Amusa Bello     Shettima Of Ilorin     Park     Olupako    

Cloud Tag: What's trending

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

Rotimi Atere     Chartered Institute Of Personnel Management Of Nigeria     Yekini Adio     Omoniyi     UTME     Abdullahi Biffo     Muhammadu Buhari     Gani Saadu     Moremi High School     Alloy Chukwuemeka     SWAN     Amosa     Ahmad Lawan     Eruku     Olohungbebe     Salihu Ajia     Akume     Bello Abubakar     Rafiu Olasile     Paul Odama     Okin Biscuit     Olayinka Are     Dauda Adeniran Adeshola     Aminat Ahmed     Kale Bayero     Alapado     Sabi     Kwara Metro Park     Salihu Alhaji Musa     Lawan     Mohammed Lawal     Shehu Alimi Foundation     Ayodele Olaosebikan     Ahmed Mohammed Rifun     Sunset Workers     Bibire Ajape     Kola Shittu     Maryam Nurudeen     Orisun Igbomina     Habeeb Abdullahi Al-Ilory     Wahab Agbaje     Adeola Abraham     Abdulmumin Yinka Ajia     Musa Ayinla Yeketi     Ajeigbe     VADA     Yusuf Lawal     Ekweremadu     Shehu Jimoh     Akorede     Abdulrazaq Sanni     Ezekiel Yissa Benjamin     Vasolar Consultoria     Bello Oyedepo     Mohammed Haruna     Alao Ayotunde     Ministry Of Women Affairs And Social Development     Sanitation Exercise     Usman Rifun     Kale Belgore     Tanke Flyover Bridge     Lafiagi     Hassan Saliu     Fatimoh Lawal     Elerin Of Erin-Ile     Usman Yunusa     Afolabi-Oshatimehin Adenike Harriet     Oba Abdulraheem     FOMWAN     Dogara     Yaru     Gbemi Saraki     Iyabo Adewuyi     Allocation     Park     Irepodun     Adeniyi Ojo