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.

Simeon Sule Ajibola     Rashidi Yekini     Isiaka Abdulrazak     Samuel Adedoyin     Atunwa     Tunde Idiagbon Road     Kunle Akogun     Tunde Yusuf     Kwara State Coalition Of Business And Professional Associations     Shettima     UNILORIN Alumni Association     Shola Odetundun     John Kehinde Salako     Abdulrosheed Okiki     Ayotunde Emmanuel Alao     Al-Hikmah Radio     Saka Isau     Raji Ayodele Kamaldeen     ENetSuD     Benin Republic     Saba Mamman Daniel     Lola Ashiru     College Of Education     Ahmad Belgore     Binta Abubakar Mora     M.Y. Abdulrahaman     Kwara State Fish Farmers Association     Forgo Battery Company Limited     Jimoh Olusola Imam     Olumide Daniel Ibitoye     Mohammed Lawal Bagega     Freshvine Nigeria Limited     SSA Youth     Turaki     Olokoba     Seun Bolaji     Oniwa     Abraham Ojo     Kamaldeen Ajibade     Bamidele Aluko     Jide Ashonibare     Alaaya     Quranic Recitation Competition     Colleges Of Education Academic Staff Union     Sam Onile     Inside Kwara     Fatimoh Lawal     Air Peace     Barakat Community Secondary School     Iyabo Adewuyi     Abdulahi Abubakar Bata     African Democratic Congress     Haruna Tambiri Mohammed     Kaiama     High Court     Kwara Poly     Oke-Ogun     Mashood Abdulrafiu Agboola     Aminat Omodara     Durosinlohun Atiku     Musa Aibinu     John Olobayo     Iyabo Adisa Ibiyeye     Bisi Kristien     Jumoke Monsura Gafar     Folorunsho Alao     Ilorin Water Reticulation     Amuda Bembe     Bayo Lawal     Tope Daramola     QuickWin     Kwara Restoration Project     Senior Staff Union Of Colleges Of Education     Gbemisola Oguntimehin     Kazeem Gbolagade     Olatunde Olukoya     Rasheed Jimoh    

Cloud Tag: What's trending

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

KWATMA     Isaac Aderemi Kolawole     Bolaji Nagode     Olokoba Abdullahi Ayinla     Opobiyi     Alaro     Ethical College     Oladipo Akanmu Tolani     Ojuekun Sarumi     Shuaib Abdulkadir     Nigeria Governors\' Forum     Kwara State Council Of Chiefs     HICA     Saliu Shola Taofeek     Hassan Oyeleke     Ilorin Durbar     Kwara TV     IHS     Abdulrahman Abdulrazaq     Halidu Danbaba     KWAFFA     David Oyerinola Adedunmoye     LABTOP     Maja     Peter Obi     Binta Abubakar Mora     Ilorin Like-Minds     Offa Grammer School     Abdulrazaq Aiyelabegan     Amos Bajeh     Abdulrahman Abdullahi Kayode     Babs Iwarere     Ahmad Uthman     Kwara South     Ile Arugbo     AbdulGafar Tosho     National Pilot     Saliu Oluwole     Isau     Kwara North     Aishat Sulu-Gambari     Gbajabiamila     Ebola     Patience Jonathan     Makama Of Kaiama     COVID-19 Palliatives     Razaq Atunwa     Ibrahim Abduquadri Abikan     Mufutau Gbadamosi Esuwoye     Idris Garba     Teachers Specific Allowance     Abdulmajeed Abdullahi     Olatunde Michaels     Yusuf Babatunde Abdulwahab     Towoju     Aliyu U. Tilde     Tunji Olawuyi     Read With Me     Al-Ilory     Folaranmi Aro     Ganmo     Peculiar Allowance     Yahaya Seriki Gambari     Nigerian Correctional Service     Ibraheem Adeola Katibi     Shehu Raheem Adaramaja     Charcoal     Salihu Ajia     Yahaya Abdulkareem Babaita     Umar Yakubu Jaja     Dele Momodu     Kazeem Gbolagade     Sulyman Abdulkareem     Tosho Yaqub     Afolayan     Nigeria Foundation For Artificial Intelligence     Ishola Abdullahi