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.

Eghe Igbinehin     Yusuf Badmus     Hussein Oloyede     Olajumoke Monsura Gafar     Yusuf Lawal     SAPZ Project     Joseph Bamigboye     Isiaka AbdulRazaq     Elekoyangan     Oniyangi     Budo-Egba     Funmilayo Zubair     Omu-aran     KWASEIC     Muslimah Entrepreneurship Forum     Falokun-Oja     Olabimpe Olani     Mohammed Ajia Ibrahim     Ajuloopin     Oke-Odo     First Lady     Osuwa     Ahmed Idris Mohammed     Federal College Of Education (Special), Afon     Yusuf Babatunde Abdulwahab     Salman Jawondo     Earlyon Technologies     Government Girls’ Day Secondary School Pakata     JSSCE     Mukhtar Shagaya     Ibrahim Jawondo     Isin     Village Alive Development Association     Kale Belgore     Idris Garuba     Agor     All Peoples Party     Wahab Isa     Mohammed Haruna     Timothy Olatunde Fadipe     Abdulbaqi Jimoh     Yomi Ogunsola     Kanu Agabi     Adeleke Ogungbe     Shaykh Luqman Jimoh     Harrison Osauwagboe     Sobi Specialist Hospital     Kwara State Printing And Publishing Corporation     Admiralty Villa     AGM Professional Services     COVID     Federal Road Maintenance Agency     Umar Bayo Abdulwahab     Post Utme     Kwara North     Muhammad Akande Olarewaju Odunade     Shola Odetundun     Mashood Abdulrafiu Agboola     Ola Falade     Quranic Recitation Competition     Senate     Ahman Pategi University     Onilorin     United Nigeria Congress Party     Aisha Gobir     Ishola Balogun Fulani     Lanre Aremu     Gamji Members Association     Tuesday Assayomo     Dauda Adeniran Adeshola     08001000100     Anilelerin     NITDA     AbdulQowiy Olododo     Abubakar Bature Sulu-Gambari     Raliat AbdulRazaq     Ahmad Belgore    

Cloud Tag: What's trending

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

Muftau Akanbi Oke     Muslim Cementary     Demola Banu     National Party Of Nigeria     Bilikisu Gambari     Otuka     Olusola Saraki     Yunus Oniboki     Ilorin Anchor Men And Women     Amusement Park     Alabe     Kola Olota     Ibrahim Mashood     Chief Imam Of Offa     Balogun Ajikobi     Awodun     Special Agro-Industrial Hub     Tafida     Imodoye Writer’s Enclave     NFAI     Valsolar-Kwara Company Limited     Idris Amosa Oladipo Saidu     Aminat Ahmed     Ophthalmological Society Of Nigeria     Bolaji Abdullahi     Logun     Salake     Abraysports FC     MalHub     Binta Abubakar-Mora     Onilorin Of Ilorin     Tafida Of Kaiama     AbdulHakeem Ajibola Akanbi     Bibire Ajape     Samari     Ishaq Oloyede     Mohammed Katsina Ahmed     Dar-Al-Handasah Consultants     International Vocational Centre     Alabi Olayemi Abdulrazak     Mahmud Ayinla Giwa     John Olajide Adedipe     New Model Police Station     Ahmed \'Lateef     Federal Neuro-Psychiatric Hospital     Biliaminu Aliu     Abubakar Lah     Okanlawon Musa     Musa Abdullahi     Adesina Simon Sodiya     Kwara State Infrastructure Development Fund     AGM Professional Services     John Dara     Memunat Monsuma     Muhammed Danjuma     Christopher Tunji Ayeni     Bayo Onimago     Kwara State Internal Revenue Service     Habeeb Abdullahi Al-Ilory     Hamid Bobboyi     Muhammed Akanbi     TIIDELab     Raliat AbdulRazaq     Samuel Adaramola     Mahe Abdulkadir     Simeon Sule Ajibola     Akorede     Baba Issa Awoye     Al-Hikmah University     Kupchi Hosea Maxwell     Unilorin     Surajudeen Akanbi     Local Government Pension Board     Sa\'adu Salau     Ahmad Lawan     Sunday Fagbemi     Dar-Al-Handasah Consultants Ltd