The Federal Government on Monday launched the special enterprise and empowerment programme otherwise known as TraderMoni in three additional markets in Lagos, with an assurance that the scheme would be extended to two million beneficiaries by December 2018 across the country.
The TraderMoni scheme, which is a collateral and interest-free loan for petty traders, had earlier been launched in some markets in Lagos, while three additional markets in the State – Ketu, Bariga and Oshodi were added to the scheme by Vice President, Professor Yemi Osinbajo (SAN), accompanied by Lagos State Governor, Mr Akinwunmi Ambode and the All Progressives Congress (APC) Governorship candidate in the State, Mr Babajide Sanwo-Olu.
The trio, while inspecting implementation of the scheme, took time to interact with petty traders in the markets, assuring that government would continue to come up with innovative initiatives to benefit the critical mass of the population.
Giving details, Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande, said close to 800,000 petty traders had so far benefited from the scheme, adding that the programme had been structured for traders to borrow up to N50,000 and repay back seamlessly.
“The TraderMoni scheme is part of the socio-investment programme of the President Muhammadu Buhari administration and the plan is to ensure that between September and December this year, two million petty traders receive the first payment of N10,000. Once they are able to return it within six months, they get additional N15,000 and when they return that, they get another N20,000 until they get as much as N50,000.
“The whole idea is that the President wants to ensure that traders that are at the bottom of the ladder; people whose wares and businesses are just about N3000, N5000 and so on; people who normally don’t get any kind of financial assistance; people that the banks do not give any kind of credit because they have no collateral are not left out in what they are doing in our micro credit scheme.
“This was what informed the TraderMoni Programme and today, it has gone to several states and the Vice President is in Lagos today to see what is happening in three additional markets. The VP is here to see what is happening and to interact with the traders, as well as to assure all Nigerians as a matter of fact that this is going to go round,” Akande said.
He added that at the end of the first batch, the government would take it further to ensure that more traders benefit from the scheme.
“In the first batch of the scheme, we will be doing two million traders and after that, we will even take it further. Between now and December, we would have given to two million petty traders. Already, we have close to 800,000 petty traders out of the two million. We have enumerated all the two million traders and so we know who they are and so it is a question of time,” he said.
Buhari Removes Executive Secretary Of TETFund
President Muhammadu Buhari has removed Dr. Abdullahi Baffa as Executive Secretary of the Tertiary Education Trust Fund.
He has been replaced by a former ES of the agency, Prof Suleiman Bogoro.
Dr. Baffa’s removal is with immediate effect. No reason has been given for Baffa’s removal. Prof. Bogoro has resumed office.
There was mild jubilation at the headquarters of the agency this morning in Abuja.
State of Osun: Osun engages six SANs to tackle activist lawyer
Faced by uncertainty of the likely outcome of the appeal it filed against the high court judgment which declared the use of “State of Osun” as illegal, the state government has engaged six Senior Advocate of Nigeria (SAN) as counsels to handle the matter.
Justice Yinka Afolabi of the Osun State High Court sitting in Ilesa has on December 14, 2017 declared as unconstitutional “State of Osun” in a suit filed by an activist lawyer, Barr. Kanmi Ajibola against the enactment of a law tagged “State of Osun Land Use Tax Law”.
Besides, the same judge struck out the stay of execution application of the judgment filed by the state government on December 4, 2018 for lack of dilligent prosecution thereby reestablishing the fact that the persistence use of “State of Osun” remained illegal.
But Barr. Ajibola who is also the Chairman, Nigeria Bar Association (NBA), Ilesa Branch filed a fresh suit at the State High Court by dragging the governor, Adegboyega Oyetola and his deputy, Benedict Alabi to court for taking their oaths as governor and deputy governor of “State of Osun” and not of Osun State during their swearing-in of November 27, 2018.
Ajibola who filed a 28-paragraph affidavits along with his originating summons on Thursday, December 27, 2018 asked the court among other things to set aside the swearing-in of thedefendants as governor and deputygovernor of “State of Osun” as illegal, unconstitutional, null and void.
The lawyer asked to court to determinean interpretative inference from the State (Creation and Transitional Provision) Act, Annotated Laws of the Federation of Nigeria 2014 and the oath of office of the Governor of a state contained in the Seventh Schedule of the 1999 Constitution whether what the Constitution created is the “State of Osun”.
According to him, maybe by the community reading of the same act andthe 1999 constitution with its schedules and the case of Aregbesola vs. Oyinlola (2010) LPELR – 3805 (CA) whether the 1st Defendant is the “Governor of State of Osun”.
In a swift move, six SANs announced to the Court of Appeal in Akure that they have taken over the case which was earlier being handled by the office of the State Attorney-General (AG) and the Ministry of Justice.
The SANs expected to handle the case are Chief Akin Olujimi, John Baiyeshea, Abiodun Owonikoko, Abiodun Layonu, Dayo Akinlaja and Chief Yomi Alliyu.
Reacting, Barr. Ajibola stated that plaintiffs in any matter have the liberty in the choice of who to use as his lawyer, adding that the state government “knows that the decision of the appeal court will have a weighty impact” on his fresh suit, hence the decision to angage senior lawyers.
“But I am ready for them. We are all going to speak on the point of law. What I know is that State of Osun cannot stand anywhere. We will all know the truth very soon.”, he added.
Breakingnews: PDP Presidential Candidate Off to USA
The Boss can authoritatively reveal that Former Vice President and People’s Democratic Party ( PDP) Presidential Candiadate left for the United States of America from Lagos, Nigeria’ commercial capital.
The news that Atiku is on his way to the United States has caught politicians especially those in the opposition napping and we gathered from reliable sources that calls have been going back and forth to confirm what will certainly be the game changer that will give the PDP campaign a huge boost.
Our sources revealed that Atiku left from George Hotel, Ikoyi with his entourage and was decked in pair of chinos and T-shirt, he also dorned a sport jacket and looked very trendy.
More detail later
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