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.

Congress For National Consensus     Elelu     Ajasse-Ipo     Kunle Suleiman     Gani Saadu     Firdaos Amasa     Sarah Alade     Tricycle Owners Association Of Nigeria     Park     Eghe Igbinehin     Yemi Osinbajo     Abubakar Ndakene     Ejidongari     Lanwa     Akorede     Isiaq Khadeejah     FERMA     Ojuekun     Waziri Yakubu Gobir     Shao     Idris Garuba     PPS     John Obuh     Adamu B. Yaqubu     Yaman     Mamatu Abdullahi     Zainab Abass     Bola Sagaya     Oyawoye     Surajudeen Akanbi     Shururat Olatinwo     AbdulRahman Saad     Issa Oloruntogun     Ilorin West/Asa Federal Constituency     Igosun     Okin Malt     Kwara 2015     M.Y. Abdulrahaman     Sulaiman Gado     Rachael Obisesan     Bola Shagaya     Ilorin Emirate Stakeholders Forum     Is\'haq Modibbo Kawu     Oba Abdulkadir La\'aro     Sanitation Exercise     TESCOM 2025     Adedayo Yusuf Abdulkareem     Bola Olukoju     John Kehinde Salako     Abdulkadir Bolakale Sakariyah     Yekeen Alabi     Ahmad Ali     Rihanat Ajia     Apata Ajele Secondary School     Razak Atunwa     Waheed Ibrahim     Abdulmajeed Wahab     Lawan     Olokoba     Mary Kemi Adeosun     Societe Generale Bank Of Nigeria     Abdulkadir Orire     Afolasade Opeyemi Kemi     Mohammed Khadijat Kubura     Nigerian Supreme Council For Islamic Affairs     College Of Health     Tunji Ajanaku     Abiodun Musa Aibinu     Kaosarah Adeyi     Segun Abifarin     Ebun-Olu Adegboruwa     Tunde Yusuf     Hussein Olokooba     Belgore     Yakub Lai Gobir     Mustapha AbdulGaniyu     Abdulmumini Jawondo    

Cloud Tag: What's trending

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

Folorunsho Erubu     Amosa     Eleyele     Bashiru Makama     Falokun-Oja     Apata Ajele Secondary School     Ahmed Saidu Rufai     Kola Bukoye     Pategi     Kayode Ibrahim     S.O. Opowoye     Oniwa     Kolawole Akande     March 28     Mutawali     Hassan Taiye Salam     Agbarere     Undergraduate Bursary     Babaita     Odo-Owa     Kamaldeen Gambari     James Kolo     Mukhtar Shagaya     Alimi     Kayode Oyin Zubair     Abdullahi Saadudeen Alikinla     Post Utme     Durosinlohun Kawu     Agor Market     Harafat E. Mukadam     Awodun     Oke-Ode     Olayinka Olaogun     Azeez Bello     Lafia Aliyu Korasabi     Wasiu Odewale     Bola Sagaya     Gbenga Awoyale     Abdulrahman Onikijipa     Moji Makanjuola     Olatunji Ibrahim     Aishat Mohammed Lawal     Ajakaye     SUBEB     Balikis Jawondo     Ojo Fadumila     Sabi     Elections     Pakata Development Association     Kayode Alabi     Abdullah Janet Amudat     Junior Secondary School Certificate Examinations     Ilota     Laboratory-to-Product     Basit Olatunji     Muhammed Akanbi     Kayode Oyin-Zubair     Kwara 2019     Odogun Olushola Gabriel     Hassanat Bello     Sai Kayi     Joseph Daudu     Tsaragi     Musa Aibinu     Mashood Abdulrafiu Agboola     Shagari     Saidu Yaro Musa     General Hospital, Ilorin     Amuda Musbau     Salihu Jibril Garbi     NFAI     Lukman Adeloyin     ER-KANG Mining Nigeria Company Limited     Sunday Popo-Ola     Bankole Omishore     Durosinlohun Atiku     Isiaka Rafiu Mope