The Presidency says it is mischievous for the immediate past governor of Ekiti State, Ayo Fayose, to attack TraderMoni. TraderMoni is an interest-free N10,000 loan scheme given to petty traders under the Federal Government Social Investment Programme. Fayose was quoted to have recently described the TraderMoni scheme as a direct ‘re-looting of the Abacha loots.’The SIP Response Team, in a statement on Thursday in Abuja, said that the issue of TraderMoni had been addressed several times in public space. “It is infantile for the Peoples Democratic Party and Fayose to keep rehashing outright falsehood. “Thus, any claim of re-looting of any kind is totally false and must be ignored by Nigerians,’’ the Presidency advised.

Source: Punch January 03, 2019 14:24 UTC