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.

Olatunji Bamgbola     Tsaragi/Share     Ajakaye     Usman Yunusa     Katibi Ibraheem Adeola     Women For Change And Development Initiative     Wahab Abayawo     Unicontinental Construction Company     Oyin-Zubair     Special Adviser On Digital Innovation     Razak Atunwa     Emir Of Yashikira     Okanlawon Taiwo     Bolakale Kawu Agaka     Sherif Sagaya     Communication Network Support Services     Abdulkadir Orire     2023 Elections     T And K FOODS     Kayode Oyin-Zubair     Opaleke Bukola Iyabo     KWTV     Bayo Mohammed Onimode     Sa\'adu Salahu     Yinka Aluko     Khairat Gwadabe     IESA     Naira Redesign     Kamaldeen Kehinde     Shururat Olatinwo     Alabi Olayemi Abdulrazak     Okin Biscuits     Offa Descendants Union     AbdulRauf Keji     Sa\'adu Salau     Musa Alhassan Buge     Yekini Adio     Damilola Yusuf     Aishat Sulu-Gambari     Susan Modupe Oluwole     Facebook     Tunde Saad     Lotus Bank     Jimba Babatunde     Atiku     Ajidagba     Trader Moni     Orisun Igbomina     Binta Abubakar-Mora     Kwara State Geographic Information Service     Femtech     Ilesha-Gwanara     National Broadcasting Commission     Isiaka Saka Opobiyi     Durbar     Segun Abifarin     Bilikis Oladimeji     Olanrewju Okanlawon Musa     Abubakar Abdullahi Bata     Raliat Elelu-Habeeb     Baakini     Balikis Jawondo     Village Alive Development Association     Abdulrazaq Akorede     KWASAA     Salami Adekunle     Yakubu Gobir     David Oyepinola Adedumoye     Tricycle Owners Association Of Nigeria     Vasolar Consultoria     Aasiyat Bello Oyedepo     Issa Manzuma     YAKOOYO     Ilorin Emirate     Salihu S. Yaru     Medview Airlines     Mufutau Olatinwo    

Cloud Tag: What's trending

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

Nnazua     Saliu Ajia     Oba Abdulrahim     Marafan Shonga     Ishola Abdullahi     Oye Tinuoye     Sango-UITH Road     Justina Oha     Gamji Members Association     Hassan Taiye Salam     Raheem Adaramaja     Ilorin Muslim Community     Senior Staff Union Of Colleges Of Education     Isiaka Danmeromu     Sa\'adu Salau     Garba Ayodele Wahab     Fatimah Abdulkadir     Babajide Ajayi     Okanlawon Taiwo     Overland     Ben Duntoye     Emmanuel Bello     Kubra Kazum     Buhari     Emir Of Ilorin     Niyi Ogundiran     Yahaya Jibril Usman     AbdulGaniyu Kareem     Timothy Akangbe     Kwara Volleyball Association     Seun Bolaji     Dan Iya     Radio SBS     VADA     Oyedepo     Just Law Forum     Kola Olota     Bahago     Ilesha-Baruba     Isaac Gbenle     Bond     Ibraheem Adeola Katibi     Siddiq Adebayo Idowu Salawu     Shoprite     Omoniyi     Segun Ogunsola     Hausa     Saka Asiat Ayinke     Abdulkarim Adisa     Abdulfatai Baakini     Voices Of Tomorrow     Isaac Aderemi Kolawole     AbdulRazaq Jiddah     New Model Police Station     Kudirat Arinola Lawal     Olomu Of Omu-Aran     Mazars Consulting     S.O. Opowoye     Ilorin International Airport     Bayo Onimago     Prince Mahe Abdulkadir     Mohammed Jimoh Faworaja     Raymond Olaitan     Salihu Yahaya     Bello Abubakar     Halidu Danbaba     Read With Me     TESCOM     Shonga Farm Project     Federal Polytechnic Offa     Okala Baba     Tsaragi/Share     M.Y. Abdulrahaman     Bello Taoheed Abubakar     Akanji     A.E. Afolabi     Kwara 2019