*TRADERMONI FACTCHECK*
TraderMoni is a micro credit loan scheme for petty traders managed by BoI under the Government Enterprise and Empowerment Programme (GEEP), one the social intervention programmes (SIPs) of the federal government. Others are MarketMoni and FarmerMoni. They were domiciled in the office of the Vice President between 2016 until October 2019.

*OVP AND OSINBAJO NOT INVOLVED IN DISBURSEMENT OF FUNDS FOR SOCIAL INVESTMENT PROGRAMMES*

“Vice President was not involved in financial transactions or the disbursement of funds for the National Social Investment Programmes. It is Ministry of Budget and National Planning is in charge of all matters regarding financing, budgeting, procurement and disbursement of funds allocated and released for the N-SIPs” - Justice Bibiye (National Social Investment Office (NSIO) Communications Manager)

The office of the Vice President has never been involved in FINANCIAL TRANSACTIONS or the DISBURSEMENT OF FUNDS for the SIPs. NSIP since its implementation in 2016 until October 2019 were domiciled in the office of the Vice President, with VP Yemi Osinbajo, SAN, as Chair of the Steering Committee that oversights the National Social Investment Office. The Ministry of Budget and National Planning was in charge of all matters regarding financing, budgeting, procurement and disbursement of funds allocated and released for the NSIPs. - Hon. Wole Oke (The Chairman, House of Representatives Committee on Public Accounts

*MONITORING NSIP AND TRADERMONI UNDER OVP*
NSIPs was monitored by an umbrella of non-government organisations (NGOs) and Civil Society Organisations (CSOs) which have all adjudged the processes to be transparent. Organisations like Action Aid (Nigeria), the Africa Network for Environment and Economic Justice (ANEEJ), and the Nigerian Economic Summit Group (NESG), working with Accenture and the Busara Centre for Behavioral Sciences – have either monitored or evaluated the progress of the programmes.


*THERE ARE RECORDS FOR TRADERMONI & ALL NSIP*
There are two major requirements for TraderMoni:
1. You must have a valid BVN
2. You must have a valid SIM/phone number that is registered with the service providers.
There are records for every beneficiaries of NSIP. Every beneficiaries can be contacted through BVN and phone number and records with National Social Investment Office

*COMMENDATION OF NSIP UNDER OVP*
According to Third-party Monitoring Report, Action Aid noted that the Social Investment Programmes, despite the challenges encountered, are effective and relevant in the States because their expected outcomes have been achieved.
Commending the openness and transparency entrenched in the process of disbursements, the Senior Adviser, Department for International Development (DFID)-UK, Sonia Warner, said ANEEJ played a pivotal role in the Monitoring of Recovered Assets in Nigeria with Transparency and Accountability (MANTRA) Project to monitor US$322.5 million returned to Nigeria from Switzerland. Findings from ANEEJ, the umbrella body of the coalition of Independent Civil Society Organisations monitoring the use of returned $322 million Abacha Loot on cash transfers to the poorest of the poor confirm that the money is being disbursed to poor Nigerians, with the desired impact.
Warner noted that she “feels a strong sense of achievement being part of an intervention which has demonstrated that it is possible to retrieve stolen money and use it to support the victims of corruption in Nigeria.”
*At the last session of 62nd United Nations Commission in New York*, GEEP was commended for pushing the envelope in technological innovations for successful last-mile delivery of credit at massive scale. This was in recognition of the programme's roles in building a completely digitised loan operation, positioning of Bank Verification (BVN) as digital collateral to aid financial inclusion, use of facial recognition for de-deduplication, GPS-based mapping and profile of candidates to markets, and exhaustive data capture to truly formalise the informal sector.
*TRADERMONI IS NOT VOTE BUYING*
“*TraderMoni not vote buying*, I have heard legislators from both sides – the Senate and the House – talking about TraderMoni being vote buying. I shudder to think that any legislator would say that, when the same Legislature gave approval and budgeted for TraderMoni. We budgeted for something and then you turn around. Then you have done a disservice to the country. You are indicting yourself.” - Femi Gbajabiamila
*TraderMoni is not vote buying* - The presidential election petition tribunal
*TraderMoni is not vote buying* - Dayo Peters ( investigative Journalist)
*It’s Foolish to Call TraderMoni Vote Buying* – Osoba (Former governor of Ogun State)

*AWARD WON*
 Financial Inclusion Award – BOI wins Financial Inclusion Award for driving FG’s GEEP programme in 2019

 Tutu Leadership Fellowship for 2019 - GEEP COO, Uzoma Nwagba, named among recipients.


 Public Social Intrapreneur award –Mrs Maryam Uwais, the Special Adviser to the President on Social Investments, was among recipients of awards given by Schwab Foundation, a sister organization of the World Economic Forum, WEF.

The office of the VP is not in any way sharing or handling trader but but just chair the NSIP between 2016 until October 2019 when minister of humanitarian took over

Nice OP. Nigerians need to get educated about how things are being done and realise disbursement was by ministry of budget and national planning. Cash was NEVER handled by the VP.

VP office has nothing to do with sharing of cash to traders.