Hoodlums invaded the Mandate Market in Ilorin, Kwara State, on Thursday and scared away petty traders and TraderMoni agents, disrupting the disbursement of money to beneficiaries of the scheme.

As early as 9am, the hoodlums, some of them wearing ‘PDP Atikulated T-shirts’, stormed the Mandate Market, insisting that the TraderMoni scheme could not be conducted because Senate President Bukola Saraki’s father donated the land to the state government to build the market

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 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.


Osinbajo at one of the TraderMoni
Hoodlums invaded the Mandate Market in Ilorin, Kwara State, on Thursday and scared away petty traders and TraderMoni agents, disrupting the disbursement of money to beneficiaries of the scheme.

As early as 9am, the hoodlums, some of them wearing ‘PDP Atikulated T-shirts’, stormed the Mandate Market, insisting that the TraderMoni scheme could not be conducted because Senate President Bukola Saraki’s father donated the land to the state government to build the market.


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 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 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, however, 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 who alleged urged them to shun the enumerators.

The programme went on without incident.

Officials of the Bank of Industry told newsmen that enumeration had been going on in the two markets in Kwara State in the last few days, without incident until Thursday (today).

Vice President Yemi Osinbajo is expected in the markets on Friday, December 7.

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 micro credit scheme, which has since been formally launched nationwide and also at the FCT, is expected to reach two million petty traders by the end of the year.

alizma:
the best way to describe PDP is to call it devil's party. the devil who has nothing to offer will come and tell you to reject the "little" one you have gotten from God, promising to give you something bigger but the moment you mistakenly listen to him and reject the "little" you have, the devil will tell you to bring your happiness as sacrifice to get what he promised you.
can you imagine PDP that share dollar to the rich for political purpose but didn't care to give 1,000 naira to the poor now telling the poor masses to reject 10,000 because it is for political purpose.
they kept almost every project half complete for purposes of yearly re estimate and award thereby turning those project to channels through which they siphon our collective wealth but now they said Buhari is completing those project for election purpose. why didn't they do the same thing for the purpose of winning in 2015 is it was that easy to complete the projects and they were 90% completed as they claimed. just imagine Saraki of Kwara state, not another saraki, making promises of better Nigeria

Mrsimplexvi:
alot of fake news.... u for show us videos or pictures... we r wiser now