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.

Shade Omoniyi     Tinubu Legacy Forum     Bareke     Yusuf Abubakar     Ilorin Emirate     Bilikisu Gambari     Abdulrasheed Na\'Allah     Isiaka Oniwa     Mahfouz Adedimeji     Salman Jawondo     Maryam Nurudeen     Yomi Adeboye     Olusegun Adeniyi     Sulyman Age AbdulKareem     Ogbondoroko     A.E. Afolabi     Ajibike Katibi     Mahmud Ayinla Giwa     Smart School     Aliyu Muhammad Saifudeen     Ezekiel Yissa Benjamin     Yemi Osinbajo     Ilesha-Gwanara     Edret Sabi Abel     Rice Farmers Association Of Nigeria     Aliyu Muyideen     Rex Olawoye     Olokoba Abdullahi Ayinla     Yahaya Abdulkareem Babaita     Monsurat Omotosho     Ilorin West/Asa Federal Constituency     Sulyman Atolagbe Alege     Nigeria Computer Society     Turaki     Ibraheem Abdullateef     Olaiya Victor Mobolaji     Issa Manzuma     Local Government Pension Board     LEAH Charity Foundation     LAK Jimoh     Lateef Ademola Olatunji     Mohammed Tunde-Jimoh     Akorede     Olatunde Michaels     Haleeman Salman     Ibrahim Mashood     Kunle Okeowo     Saliu Ajibola Ajia     Arik     Aso Ofi     Ado Ibrahim     Kolo     General Hospital     AbdulFatai Adeniyi Dan-Kazeem     Ajibola Saliu Ajia     Aishat Mohammed Lawal     Gbemisola Saraki     Aremu Odolaye     Kwarareports     Sheriff Olanrewaju     ASKOMP     Taiwo Joseph     Kwara State Football Association     Apaokagi     Tafida Of Kaiama     Gaa Olobi     Otoge     Abdulrazaq Akorede     Post-utme     Hakeem Idris     Mashood Abdulrafiu Agboola     Okoolowo     Hamza Usman     General Tunde Idiagbon International Airport     Kwara Hotel     Okanlawon Taiwo     Doyin Agbamu    

Cloud Tag: What's trending

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

Folorunsho Alao     Abubakar Usman Jos     Buari Edun     Atiku Abubakar     Issa Manzuma     Olushola Saraki     Shehu Raheem Adaramaja     Toun Okewale-Sonaiya     Chikanda     Aro Yahaya     Tunde Akanbi     Amosa     Kwara State Coalition Of Business And Professional Associations     Oluwole Dupe     Simeon Sayomi     Police Commissioner     Afetu Of Alabe     Al-Adaby     Salaudeen Oyewale     Bashiru Makama     Bature Bello     Jumoke F. Ajao     Olatunde Michaels     Sarakite     Vasolar Consortium     Tosho Yaqub     Niyi Osundare     Ita-Ore     Lawan     Fatai Olodo     Abdulfatah Ahmed     Rotimi Oyedepo     Hassanat Bello     Onilorin     Fawenu     KWAFFA     Abdulquowiyu Olododo     Ilorin Emirate Staff Association     Elesie Of Esie     Gbenga Awoyale     Olam Food Ingredients     Borgu     Moses Adekanye     Pategi     Micheal Imodu-Ganmo Road     Bola Tinubu     Balikis Jawondo     Kwara Volleyball Association     First Lady     Garba Ado Sanni     AbdulRazaq Abubakar Jiddah     Olatunji Ibrahim     Aremu Bose Deborah     Shuaib Olarongbe     Abdulrasheed Na\'Allah     Daud Adeshola     Mohammed Yisa     Ado Bayero     Ajasse-Ipo     Radio SBS     Ilorin General Hospital     Tunji Folami     Salau Kabiru Abdullahi     Peter Amogbonjaye     Toyin Sanusi     Bibire Ajape     Ishak Mohammed Sabi     Village Alive Development Association     Garment Factory     Islamic Development Bank     Omotosho     Emir Of Yashikira     Jawondo     Olaosebikan     Saka Balikis Kehinde     Bursary     Ayinde Oyepitan