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.

Shaykh Luqman Jimoh     Kwasu     Olatunji Ayeni     Special Adviser On Digital Innovation     Abdulkadir Bolakale Sakariyah     Oniyangi     Dunmade     Iyiola Oyedepo     Countryside Emerging Leaders Fellowship     Maigida Soludero Transit     Yusuf Aiyedun     Nurudeen Mohammed     Abdullahi Imam Abdullahi     Oni Adebayo     CKNG     Principal Private Secretary     Irepodun     Otuka     Afolabi-Oshatimehin     Ahmed Bayero     Ilorin Innovation Hub     Oladimeji Thompson     Kubra Kazum     Alikinla     Admiralty Villa     Abubakar Baba Sulaiman     Osi     Aminat Ahmed     Baba Adini Of Kwara State     Sarafadeen Kayode Akorede     Ajuloopin     Ishaq Oloyede     Abraham Ojo     Mohammed Saidu     Ibraheem Abdullateef     Monsurat Omotosho     Mahfouz Adedimeji     Abdulhakeem Amao     Oyeyemi Olasumbo Florence     Shaaba Lafiagi     AGILE Programme     Raheem Adaramaja     Niguel Gallando Marcias     Taofik Mustapha     Salami Adekunle     Diagnostic Centre     QuickWin     Young Progressives Party     Federal Road Maintenance Agency     Arinola Lawal     Lanre Jimoh     Oke Sunna     Ndakene     Saka Aleshinloye     Tunde Mukaila Mustapha     Saka Onimago     Medinat Folorunsho Salman     Rafiu Ajakaye     Akume     Sa\'adatu Modibbo-Kawu     IFK     Dapo Teni Nig Enterprise     Ilorin Emirate Stakeholders Forum     Ubandawaki     Amosa     Mohammed Abdulahi     Marufat Oladosu     Kwara Volleyball Association     Ilorin West/Asa Federal Constituency     Eruku     Yakubu Danladi     Segun Abifarin     Garba Dogo     Isiaka Oniwa     Moremi High School     Amos Sayo     Folorunsho Erubu    

Cloud Tag: What's trending

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

Taofeek Ibraheem     Igbaja     Saadu Yusuf     Okiki     Offorjama     Alloy Chukwuemeka     Oba-Solagberu     Jimoh Akani     Senior Special Assistant On Student Affairs     Abdulraheem Yusuf     Amuda Musbau     Elelu     Ejidongari     Egbejila     Joseph Bamigboye     Olaiya Lawal     Ilorin Emirate     Lai Mohammed     Oyelere Oyinloye     Is\'haq Modibbo Kawu     Yoonus Lawal     Sebastine Obasi     Post-utme     Valsolar Consortium     Kwara South     T And K FOODS     Abdulmajeed Abdullahi     Akanbi-Oke     Road Transport Employers Association Of Nigeria     Ishola Balogun Fulani     Sabi     Aisha Ahman Pategi     Kunbi Titiloye     Femi Agbaje     Abdulkadir Remi Hawawu     Monthly Sanitation Exercise     Alapado     Ridhwanullah Al-Ilory     Olokoba     KFA     Muhammadu Gobir     Maigidasanma     Abubakar Baba Sulaiman     Amule     Sola Saraki Educational Foundation     Aso Ofi     Okin Group     Earlyon Technologies     Baba Issa     Saba Mamman Daniel     Dan Masanin     Abdulfatai Ahmed     Kwara Metro Park     Diagnostic Centre     Oluranti Idowu     Bashiru Makama     Radio SBS     Saidu Isa     Farouk Salim     ASKOMP     Abdulganiyu Salahudeen     Al-Adaby     Wale Oladepo     Yunus Oniboki     Alabe     Yakubu Shaaba     Yusuf Ali     Haleeman Salman     Abdulraufu Mustapha     Erin-ile     Aliyu Muyideen     College Of Education     Olofa Of Offa     General Tunde Idiagbon International Airport     Sayomi     Moshood Bakare     Okedare