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.

Kayode Ishola     Ramat Oganija     Toyin Saraki     Emir Of Ilorin     Dankaka     AbdulGafar Tosho     Pakata     Kamoru Kadiri     Saliu Tunde Bello     Ebola     ER-KANG     Mohammed Khadijat Kubura     Association Of Kwara State Online Media Practitioners     Aliyu Salihu     Razaq Ayobami Akanbi     Galland Marcias     Sunday Popo-Ola     Garba Ado Sanni     Bukola Ajikobi     Sunset Workers     Gbajabiamila     Alfa Yahaya Road     Bayo Ojo     Erubu Oba Zubair     Kwara Coalition Of Business And Professional Associations     Abdulrazaq Aiyelabegan     Special Agro-Industrial Hub     The Herald     Ahmad Olanrewaju Belgore     Ola Falade     Moshood Bakare     NNPP     KWSIEC     Women Radio     Summit University     Kwara State Government     Ajike People Support Centre     Salake     Lanre Olosunde     United Nigeria Airline     Michael Imoudu National Institute For Labour Studies     ITEM 7     Police Commissioner     Ahmed Bayero     Trader Moni     Baba Adini Of Kwara State     Ifelodun     Quarry Royal Valley     Rex Olawoye     Oni Adebayo     Revenue Court     Tayo Awodiji     Abdulmajeed Wahab     Kuliyan Geri     Daud Adeshola     Tosin Saraki     Ubandoma Of Ilorin     Idris Amosa Saidu     Chief Of Staff     Sambo Murtala     Garba Dogo     Oasis Muslim Care Foundation     General Tunde Idiagbon International Airport     Elese Of Igbaja     Yahaya Oloriegbe     Kale Bayero     Joana Nnazua Kolo     Age AbdulKareem     Ahmad Olayiwola Kamaldeen     Olabimpe Olani     Abdulrasheed Lafia     Bahago     Saeedat Aliyu     Garment Factory     Oro Grammar School     Zulu Gambari     Yusuf Badmus    

Cloud Tag: What's trending

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

Kola Adesina     Forgo Battery     Abdul-Rahoof Bello     Taofeeq Olateju     Coronavirus     Lucky Omoluwa     Sabo-Oke     Abdulrauf Aliyu     Saheed Popoola     Quranic Recitation Competition     ASMAU PLAZA     Apaokagi     Societe Generale Bank Of Nigeria     Ibrahim Abdulkadir Abikan     Alapado     All Confederation Of Principals Of Secondary Schools     Gambari     KFA     Aminat Ahmed     Alapansapa     Quareeb     Ajeigbe     Toyin Falola     Kolade Solagberu     Kupchi Hosea Maxwell     Esinniobiwa Quareeb     Modibo Kawu     Yahaya Dumoye     Ibikunle Ogunleye     Doyin Agbamu     Marafan Shonga     Kannike     Lateef Alagbonsi     Ahmad Ali     Folaranmi Aro     Sheriff Shagaya     Ifelodun     Ahmed Idris Mohammed     Damilola Yusuf Adelodun     Saka Isau     Babatunde Ishola Babaita     Oyawoye     Abdulsalam Firdaous Amosa     Communication Network Support Services     Innocent Okoye     Royal FM     Towoju     Wakilin Mata Lafiagi     Eruku     Salihu Ajia     Bursary     Isiaka Gold     Joseph Bamigboye     Afolayan     Olofa Of Offa     Toyin Saraki     School Of Nursing     Saka Abimbola Isau     Adesoye     Suleiman Ajadi     Modupe Oluwole     Riskat Opakunle     Apaola     Sulu Gambari     Owode Market     Iyaloja-General     Government House     Alaiye     N-Power     Simeon Sayomi     Amusement Park     VADA     Saliu Mustapha     Vasolar     Isaac Aderemi Kolawole     Kale Ayo     Ayobami Akanbi