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.

Sanusi Abubakar     Curfew     Rafiu Ibrahim     Kazeem Gbolagade     Raliat Elelu-Habeeb     Olatunde Oyeyiola     Ishola Moses Abiodun     Yoonus Lawal     Shagari     Mary Kemi Adeosun     Ijakadi     Na\'Allah     Ibrahim Taiwo Road     Ibrahim Oloriegbe     Owu Fall     Ekweremadu     Moji Makanjuola     Mansur Alfanla     Kwara Liberation Group     Abdullahi Saadudeen Alikinla     Galadima     Galadiman Ngeri     CACOVID Palliatives     Niguel Gallando Marcias     Vasolar Consultoria     Awwal Jawondo     Usman Alkali Baba     Ajidagba     Otoge     Wole Oke     Code Of Conduct Tribunal     Mufutau Olatinwo     Ajike People Support Centre     Bukola Saraki     Fatimat Saliu     PharmAccess Foundation     Unilorin FM     Odolaye Aremu     Ronke Adeyemi     Raimi Iyanda     Babs Iwarere     Ibrahim Mohammed     Kwarareports.com     Grillo     Kwara State Infrastructure Development Fund     Mohammed Saidu     Abdulganiyu AbdulAzeez     Olubukola Kifayat Adedeji     Niyi Ogundiran     Oba-Solagberu     Diagnostic Centre     Abubakar Bature Sulu-Gambari     Jebba     Ayobola Ipinlaiye     Kumbi Titiloye     Henry Olaosebikan     Wahab Issa     Kwara Consultative Forum     Daud Adeshola     Omu Aran     COVID     Afetu Of Alabe     Adedipe     Kunbi Titiloye     Facebook     Suleiman Alege Kuranga     Abraysports FC     Sherif Shagaya     Towobola Abdulrahman Toyin     Rueben Parejo     Yusuf Abdulkadir     Abdulrazaq Sanni     Ado Bayero     Albert Ogunsola     Stephen Fasakin     Bayer AG     Abdulazeez Uthman    

Cloud Tag: What's trending

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

SARS     Baba Adini Of Kwara State     Ado Ibrahim     Yusuf Lanre Badmas     Local Government Pension Board     Sobi Specialist Hospital     Sai Kayi     Elerin Of Erin-Ile     NSCIA     Code Of Conduct Tribunal     Ahmad Olanrewaju Belgore     Dorcas Afeniforo     Tanke Flyover Bridge     Tope Daramola     Ahmed     Frootify     Iponrin     Shola Odetundun     Mohammed Lawal     Clement Yomi Adeboye     Niyi Ogundiran     Kayode Yusuf     Muhammad Fawaz Abubakar     CELF     Share/Tsaragi     Ganmo Electricity Sub-Station     Afolabi-Oshatimehin     Mohammed Abdulahi     Sunday Fagbemi     Seun Bolaji     Eghe Igbinehin     Abdul Jimoh Mohammed     Shehu Salau     Ebola     Ike Ekweremadu     Mohammed Khadijat Kubura     Joseph Bamigboye     Bamidele Adegoke Oladimeji     Aishat Mohammed Lawal     Geri-Alimi Split Diamond Interchange     Abubakar Abdulraheem     Diagnostic Centre     Bayo Onimago     Amosa     Aliyu Olatunji Ajanaku     Moshood Bakare     Laduba     Ahmad Uthman     Yahaya Abdulkareem Babaita     Abdulrasheed Akogun     Shonga     Yahya Mohammed     Onilupeju Of Ilupeju     Christopher Ayeni     Senate Presidency     Babatunde Ishola Babaita     Abdulrazaq Akorede     Maimunat Oloriegbe     Jumoke F. Ajao     Abdulwaheed Musa     Cornelius Adebayo     NURTW     Al-Ilory     Hassan Abdulazeez Elewu     Titus Ashaolu     Abdulfatai Salman Baakini     Yusuf Mubarak     Jaigbade Alao     Hydro-electric Power Producing Areas Development Commission     Wahab Agbaje     Michael Imoudu National Institute For Labour Studies     Zainab Abass     Abdulganiyu AbdulAzeez     Funmi Salau     Suleiman Ajadi     Risikat Lawal     Adeleke Ogungbe