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.

Maigida     Oluwole Dupe     Oasis Muslim Care Foundation     Zulkifli Ibraheem     Funke Adedoyin     Funmilayo Oniwa     Mohammed Ghali Alaaya     QuickWin     Aishat Mohammed Lawal     Muyiwa Oladipo Kanu     Funmi Salau     GRA     Tsado Manman     Lai Mohammed     Lanre Issa-Onilu     Zubair Folorunsho Erubu     Hakeem Idris     Share-Tsaragi     Yusuf Zulu-Gambari     Raimi Iyanda     Kale Kawu     Galland Marcias     Abubakar Suleiman     Sobi Hill     Oloruntoyosi Thomas     Hamza Usman     Split Diamond Interchange     Lanre Badmas     Akorede     Abdul-Rahoof Bello     Kayode Ogunlowo     Amosa     Babaita     Soffiyyallah Kamaldeen     TVC Female National Debate     Kolo     Tafida Of Kaiama     Shehu Alimi Foundation     Ilorin Airport     Suleiman Mora Omar     Mogaji Aare     Harrison Osauwagboe     Afolabi-Oshatimehin     Oyin-Zubair     Student Learning Support Helpline     Kayode Issa     Yusuf Abubakar     Ojo Fadumila     International Vocational Centre     Ilorin Water Reticulation     Grillo     Government Girls’ Day Secondary School Pakata     Medview Airlines     Kwara 2023     Government High School Adeta     Millennium Development Goals     Dogara     Ridhwanullah Al-Ilory     Tunde Yusuf     Ekweremadu     Oke-Ogun     Khairat Gwadabe     Jide Oyinloye     Daud Adeshola     Clara Nwachukwu     Shuaibu Yaman Abdullahi     Ilorin Talaka Parapo (ITP)     Sarah Alade     AbdulRasaq Abdulmajeed Alaro     Shuaib Abdulkadir     Ilorin Likeminds Foundation     Pategi     Saadu Gbogbo Iwe     Timothy Olatunde Fadipe     IDPU     Suleiman Abubakar     Rotimi Oyedepo    

Cloud Tag: What's trending

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

Sheikh Ridhwanullah El-ilory     Danladi     IEDPU     Ayodele Shittu     Yusuf Lawal     Ilorin South Constituency     Folaranmi Aro     Amos Justus Sayo     Ilorin International Airport     Mustapha Akanbi     Yusuf Amuda Aluko     Kwara 2019     ER-KANG     Quran     Abdulraheem Yusuf     Ahmed Ayinla Jimoh     Solomon Edojah     Ridwan Agboola     Yusuf Ibitokun Sherifat     Valsolar-Kwara Company Limited     Abdulmumini Jawondo     Olofa Of Offa     Halimat Yusuf     Hassan Saliu     Maigida     Women Radio     Raliat AbdulRazaq     Ibrahim Gambari     Modupe Oluwole     Kehinde Boyede     Lukman Oyebanji Fagbemi     Nigerian Medical Association     Ibrahim Taiwo Road     High Court     Umar Adelodun     Adamu Atta     Lanwa     Amoyo     Hamza Usman     Millennium Development Goals     Colleges Of Education Academic Staff Union     Islamic Development Bank     Nigeria Governors\' Forum     Mope Dasuki Belgore     Okoolowo     IF-K     Charles Ibitoye     Osuwa     Bankole Omisore     Lafia Aliyu Korasabi     Mumini Ishola Hanafi     Ilorin Emirate Staff Association     PharmAccess Foundation     Rueben Parejo     Suleiman Mora Omar     Transition Implementation Committee     Ibrahim Bio     Shuaib Olarongbe     Isiaka Rafiu Mope     Tricycle Owners Association Of Nigeria     Salau Kabiru Abdullahi     Isiaka Saka Opobiyi     Yakub Ali-Agan     Madawaki     Oba Abu     Forgo Battery     C2c@kwarastate.gov.ng     Idowu Laro     Michael Imoudu National Institute For Labour Studies     2023 Elections     All Peoples Party     Hamidu Olowo     Mohammed Danjuma     Senior Ibrahim Suleiman     Sabi     Ganmo Electricity Sub-Station     Aisha Ahman Pategi