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.

Yusuf Abubakar     Bolakale Ayo     Kwara State Branch Of The National Library     Budo Egba     Tinubu     Wahab Isa     Dasuki Belgore     Isiaq Khadeejah     Kudirat Arinola Lawal     Bolaji Abdullahi     Turaki     Allocation     Odogun Olushola Gabriel     Suleiman Idris     Olaoye B. Felix     Ilorin Innovation Hub     Offa Poly     Kehinde Boyede     Atiku     Moronfoye     COVID-19 Palliatives     Bolakale Kawu Agaka     Maja     Victor Gbenga Yusuf     Yahya Mohammed     Patigi Regatta     Awoye     Durosinlohun Atiku     Simon Sayomi     Saidu Isa     Egbejila     Ayegbeni     Coalition Of Kwara North Groups     Apata Ajele Secondary School     Chief Imam Of Lafiagi     IsDB     KWASIEC     Adaramaja     John Obuh     NIRSAL     Seed Technologies     Nigerian Medical Association     Kwara Basketball Association     Ambassador Kayode Laro     Oba Mogaji Abdulkadir     Umar Adelodun     Esinrogunjo     Ahman Patigi     Lawyers Unite Against Corruption     NTA Ilorin     Twitter     Matthew Okedare     Omoniyi Ayinla     V.O. Abioye     Igbaja     KW-GIS     Kwara Metro Park     Sabo-Oke     David Oyedepo     Amos Bajeh     Bashir Badawi     Seni Saraki     Oniyangi     Ilorin Durbar     Ilorin Talaka Parapo     Iyaloja-General     University Road     Chartered Institute Of Personnel Management Of Nigeria     Manzuma     CELF     Christian Association Of Nigeria     Ilorin     Abubakar Abdulraheem     Nigerian Supreme Council For Islamic Affairs     Yusuf Amuda Abubakar     Dorcas Afeniforo     Kisira    

Cloud Tag: What's trending

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

Aisha Buhari     VADA     Daud Adeshola     Henry Olaosebikan     Ademola Kiyesola     National Association Of Nigerian Students     Mansurat Amuda-Kannike     Tanke     Jawondo     Temitope Ogunbanke     Okin Biscuits     Olosi Of Osi     AbdulRazaq AbduMajeed Alaro     HICA     AbdulRazaq Jiddah     Garuba Alikinla Shittu     Olabanji Orilonishe     Zubair Folorunsho Erubu     Tanke Road     KFA     BIR     Demola Banu     Bello Abubakar     Emmanuel Bello     IsDB     2017 Budget     Memunat Monsuma     Abdulrasaq Alaro     John Mayokun Dada     Obasanjo     Paul Odama     Haashim Initiative For Community Advancement     Samuel Adaramola     Suleiman Mora Omar     Emir Of Shonga     Public Holiday     Tsaragi/Share     Abiodun Oyedepo     Yusuf Ali     Rafiu Ibrahim     Abdulsalam A. Yusuf     Sobi Hill     Yakub Ali-Agan     Olateju Lukman     Magaji Nda     Aisha Ahman Pategi     Balogin Alanamu     Sheikh Ariyibi     Elerin Of Adanla Irese     Okeose Christian Cementary     Volunteers Of Ilorin Community And The Emirate     Pacify Labs     Ajia-Bako     Idris Amosa Saidu     Bayo Mohammed Onimode     Musa Yeketi     Aisha Ahman-Pategi     Suleiman Yahya Alapansapa     Razak Atunwa     Ahmad Uthman     Grillo     Muhammed Akanbi     Ayodele Kuburat Olaosebikan     Tayo Awodiji     Monsurat Omotosho     Umar Saro     Abdullahi Saadudeen Alikinla     GRA     College Of Arabic And Islamic Legal Studies     Ahmed Idris Mohammed     Busari Alabi Alausa     Mumeen Lah     Oko-Erin     Matthew Babaoye     Aliyu U. Tilde     Sabo-Oke     Shehu Alimi Foundation For Peace And Development