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TraderMoni: Thugs disrupt disbursement of money to traders in Kwara

TraderMoniHoodlums invaded the Mandate Market in Ilorin, Kwara State, and scared away petty traders and TraderMoni agents as the disbursement of money to beneficiaries of the scheme was about to commence on Thursday.

The hoodlums said to be political thugs were seen wearing the branded T-Shirts of an opposition political party who had been antagonistic of the scheme, stormed the Mandate Market to scuttle the disbursement of money to traders in the market.

Officials of the Bank of Industry (BOI), who were around to supervise the exercise, speaking of on the development, said, they were at the market to supervise the enumeration and disbursement of the N10,000 collateral-free loans when the thugs arrived and caused the uproar.

The thugs were also reported to have 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 allegedly urged them to shun the enumerators.

The programme went on without incident.

Officials of the Bank of Industry also 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 to expand their trade through the provision of collateral- and interest-free loans from N10,000.


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