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Update: DPO Who Allegedly Accused Good Samarit

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What should have been a moment of gratitude turned into a nightmare — one that has shaken many Nigerians and forced the country to confront a painful question: Is it still safe to do good in Nigeria? In a development that has drawn nationwide attention, the Nigeria Police Force has removed and sanctioned a Divisional Police Officer (DPO) in Delta State who was allegedly involved in accusing a good Samaritan of murder after he tried to save a dying man. The decision follows days of public outrage, emotional testimonies, and intense pressure on social media. For many Nigerians, this case cuts deep — because it could have been anyone . A Simple Act of Kindness According to reports, Tomi Akporoghene Wojuola was going about his day when he encountered a man who suddenly collapsed by the roadside in Asaba . Like many people would, Wojuola paused. He could have walked away. He could have pretended not to see. But he didn’t. Moved by compassion, he reportedly sought medical advice a...
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CBN Revises Lending Rate to Curb Inflation and Stabilize Economy

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The Central Bank of Nigeria (CBN) has once again revised its benchmark lending rate, raising the Monetary Policy Rate (MPR) as part of efforts to combat rising inflation and stabilize the nation's fragile economy. This latest adjustment signals the apex bank's commitment to tightening monetary policy in response to persistent inflationary pressures and currency volatility.

At the conclusion of its recent Monetary Policy Committee (MPC) meeting, the CBN announced an increase in the MPR by 150 basis points, bringing it to 26.25%. This decision marks the third rate hike in 2025, following earlier adjustments in response to inflation, which currently hovers above 33%.

CBN Governor, Mr. Olayemi Cardoso, explained that the rate revision is aimed at taming inflation, stabilizing the naira, and restoring investor confidence in the Nigerian economy. According to him, “Inflation has become a major threat to our economy, eroding purchasing power and increasing the cost of living. The MPC believes this hike will help reduce excess liquidity and strengthen monetary stability.”

The revised rate will impact commercial banks, as it directly influences lending costs and interest rates across the financial sector. As borrowing becomes more expensive, individuals and businesses may find it more difficult to access credit. While this may slow down economic activities in the short term, the CBN believes the long-term benefits will outweigh the drawbacks.

Economic analysts have reacted with mixed feelings. Some argue that the hike may burden small businesses and increase loan default risks. Others support the move, noting that tightening monetary policy is necessary to stabilize prices and restore confidence in the economy.

As Nigerians continue to grapple with high prices and a weakened currency, all eyes are on the CBN to ensure that these policy shifts translate into real economic relief. Whether this latest rate hike will yield the desired outcomes remains to be seen.

— Luchiinter News
luchiinter.blogger.com

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