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.

Bayo Lawal     Valsolar Consultoria     Sunday Fagbemi     Gbemisola Oguntimehin     School Of Nursing     Isa Aremu     Kwara State University Of Education     Kwara State Internal Revenue Service     Awoye     Oko-Olowo     IQRA College     Kpotum Mohammed Baba     Oluranti Idowu     JMK Construction Company Limited     Oyun     Abdulkadir Orire     Najim Yaasin     Abdullah Janet Amudat     Kale Ayo     Abdulmutalib Shittu     Idowu Aremu     Lai Mohammed     Moshood Kashimawo Abiola     Mutawali Of Ilorin     Democracy Day     Irepodun     Muideen Olaniyi Alalade     Oyawoye     Special Agro-Industrial Hub     Idris Garuba     Isaac Gbenle     Ilorin Talaka Parapo     FERMA     CBT     Baba Isale     Bashir Omolaja Bolarinwa     Junior Secondary School Certificate Examinations     Gaa Olobi     Wahab Olasupo Egbewole     Gobir Organization Foundation     UTME     Apata Ajele Secondary School     Ishaq Oloyede     Offa Metropolitan Club     Femi Ogunsola     Amule Elementary School     Ayo Opadokun     Sadiq Buhari     All Confederation Of Principals Of Secondary Schools     Kwasu     Yusuf A. Usman     Adedipe     Oba Abdulrahim     Ben Duntoye     Sobi Hill     Zulu Gambari     Kwara State Health Insurance Agency     Henry Olaosebikan     Oloruntoyosi Thomas     Iqra Books     Mashood Abdulrafiu Agboola     Dele Momodu     Abraham Ojo     Tunde Oyawoye     Oyin-Zubair     Kwara NIPR     Undergraduate Bursary     Ibrahim Abdullahi     Ibrahim Mohammed     Mumeen Lah     A.E. Afolabi     Abiodun Musa Aibinu     Special Agro-industrial Processing Zone     Segun Abifarin     Nupe     KWASIEC     SSA Youth    

Cloud Tag: What's trending

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

Flights To Ilorin     Eghe Igbinehi     Egbewole     April 11     Buhari     Muritala Awodun     Musa Yeketi     Elerin Of Erin-Ile     Haashim Initiative For Community Advancement     ER-KANG Mining     Bola Magaji     Orisun Igbomina     Ronke Adeyemi     CCEPE     Yahaya Jibril Usman     Alabere     Dele Momodu     Olabimpe Olani     Toyin Olayinka Tejidini     Oke-Oyi     Amos Justus Sayo     Ubandawaki     Baba-Isale     Funmi Salau     Salihu Yahaya     Olusola Saraki     Federal Road Maintenance Agency     Saidu Kawu     Yusuf Arowosaye     March 18     Kolo     Ishola Moses Abiodun     Olanrewju Okanlawon Musa     Woro     NULGE     Yunus Lawal     UNILORIN Alumni Association     Bisi Kristien     Abdulkadir Remi Hawawu     Nigerian Supreme Council For Islamic Affairs     Gobir     Matthew Babaoye     Muhammed Danjuma     Cassava Growers\' Association     Femi Ogunsola     Alabi Olayemi Abdulrazak     Face Masks     Bayer AG     Ogidi-Oloje     Adisa Logun     PAACO-PCL Consortium     NIRSAL     Bayo Mohammed Onimode     Funmilayo Oniwa     Oniyangi     Binta Abubakar-Mora     Abdulkadir Jimoh     Ndakene     Abdulrosheed Okiki     Yomi Adeboye     JUSUN     Ishaq Oloyede     Abdulmumini AbdulRazaq     Olawuyi     Share/Tsaragi     Shonga Farm Project     Taofik Mustapha     Bluenile Associates     Quareeb Islamic Association     Kwara Politics     AbdulKareem Yusuf Danhawa     Alapansapa     Halimah Perogi     Valsolar-Kwara Company Limited     Mamatu Abdullahi     Musa Alhassan Buge     Kola Shittu