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.

Aiyedun     Tosin Saraki     Rafiu Olasile     Durbar Festival     Ilorin Central Mosque     General Hospital     Ifelodun     Baba Isale     Bola Iyabo Ibiyeye Adisa     Mary Arinde     Mahfouz Adedimeji     Coalition Of Kwara North Groups     Yusuf Ali     Wahab Issa     Baboko     C2c@kwarastate.gov.ng     Ajike People Support Centre     MalHub     Odolaye Aremu     Bayer AG     Diagnostic Centre     Mamman Saba Jibril     Florence Saraki     Ajayi Okasanmi     Obuh     Ibrahim Taiwo     Al-Ilory     Eleyele     Atiku     Metro Park     Elesie Of Esie     Igbaja     Abdulsalam Firdaous Amosa     Salman Alada     Moses Rahman Popoola     Isiaka Danmeromu     Monsurat Omotosho     Yahya Mohammed     Kwara Coalition Of Business And Professional Associations     Abdullahi Imam Abdullahi     Yahaya A Paniyaro     Abubakar Imam     Jani Ibrahim     Bayo Lawal     Ibrahim Mashood     Bola Shagaya     Bello Taoheed Abubakar     Harafat E. Mukadam     Muritala Olarewaju     IHS Towers     Sambo Murtala     Olajumoke Monsura Gafar     Olaiya Victor Mobolaji     Abatemi Usman     Oba-Solagberu     Ilorin Amusement Park     Laolu Saraki     Musa Alhassan Buge     Halidu Danbaba     UITH     Federal Road Maintenance Agency     Tsaragi/Share     Abdulkadir Jimoh     Jaiz Bank     Musa Yeketi     Local Government Pension Board     Elewu     Aliyu Olatunji Ajanaku     Ubandawaki     Oba Sulaiman Asude     Playing Host     Aliyu Umar     Oke-Kura     Sulyman Atolagbe Alege     Isau     Segun Ogunsola     Ijakadi    

Cloud Tag: What's trending

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

Harrison Osauwagboe     Wahab Isa     Tunde Kazeem     Raliat AbdulRazaq     Madawaki     Usman Yunusa     KWASSIP     Moronfoye     Kwara State Infrastructure Development Fund     Ahmad Olayiwola Kamaldeen     Dumagi     Zulu Gambari     Memunat Monsuma     Babajide Ajayi     Abdulrasaq Alaro     Ibikunle Ogunleye     Olatunji Abdulmumeen     Olam Food Ingredients     Share     Bashir Omolaja Bolarinwa     Abdulrazaq Solihudeen     National Pilot     Forgo Battery Company Limited     Esinniobiwa Quareeb     AbdulRaheem Ahmad Shayi     Gaa Olobi     Bolaji Aladie     Baba Isale     Saliu Oluwole     Shonga Farm Project     Dasuki Belgore     Tanke Road     Patience Jonathan     Firdaos Amasa     FERMA     Buari Edun     Trader Moni     National Democratic Congress     Muhammad Akande Olarewaju Odunade     Talaka Parapo     Ajidagba     Bayo Onimago     Saka Onimago     Igbaja     Federal College Of Education (Special), Afon     Idris Garba     Alanamu     Ndama Al-hassan     Salihu Alhaji Musa     Senior Ibrahim Suleiman     KFA     Christian Association Of Nigeria     Hydro-electric Power Producing Areas Development Commission     JAMB     Minister     Omotosho     Ben Duntoye     Prince Sunday Fagbemi     Ajibola Saliu Ajia     Pius Abioje     Adamu Jemilat-Baki     Gamji Members Association     Haruna Olawale Sulaiman     Ayodele Kuburat Olaosebikan     Ayobola Ipinlaiye     Wale Oladepo     Kwabes     Wasiu Odewale     Bayo Mohammed Onimode     Wahab Kunle Shittu     Agor Market     Kassim Babamale     Elerinjare     Gbenga Adebayo     Hausa     Ilorin Anchor Men And Women     Abubakar Abdullahi Bata