News
Okonjo-Iweala Tells Country “Don’t Touch CBN, Economic Policies That’s Working “
But where things are working to the good, we ask, why fix what is not broken?
Ngozi Okonjo-Iweala, the Director-General, of World Trade Organisation (WTO) has advised Nigerian governments not to tamper with the economic and social policies that are working.
She gave the advise during the Annual General Conference of the Nigerian Bar Association (NBA) themed ‘Pressing forward: A National Posture for Rebuilding Nigeria.’
In a keynote address, Ngozi Okonjo-Iweala, said : “I’m here to speak to all governments of my country, all political parties, all Nigerians, about a positive way forward for the country.
We all understand that where policies are bad and not working, of course politics should intervene.
“But where things are working to the good, we ask, why fix what is not broken?
“No one should tamper with the Central Bank asking for the manipulation of interest rates or exchange rates.
Do not use the Central Bank as a fiscal agent asking for the printing of naira beyond agreed Ways and Means limits as this can fuel inflation.
At the event in Lagos, Ngozi Okonjo-Iweala, decried a phenomenon among the political leaders she labelled as the “not-in-my-administration syndrome” of jettisoning policies.
The economist believes certain sacrosanct policies should not be changed whenever there is a change in administration.
The former finance minister said: “Nigeria today is not where it should be, and our country has not progressed as it should have.
“That is why, more than 60 years after independence, we are still discussing nation-building.
“But we must shift our focus from blame games to concrete actions that tackle present and emerging challenges.
I said this not in recrimination or even in futile regret, but rather as part of moving our country and advancing its interests.
I’m not here to castigate or blame anyone.
“By social contract, I mean a fundamental cross-party, cross-society agreement that certain things in the economy, in the country, in policy and society are sacrosanct and shall not be touched or changed when administrations change.”
News
JUST IN: Mob Sets BRT Bus Ablaze After Motorcyclist’s Death in Lagos
An angry mob has set a Bus Rapid Transit (BRT) bus on fire after it reportedly crushed a commercial motorcyclist to death at Ogolonto Bus Stop along Ikorodu Road in Lagos State.
The incident occurred on Friday, October 16, 2026. Eyewitness accounts and social media reports indicate that the motorcyclist was riding alone along the restricted BRT lane when the collision happened. He died at the scene.
Enraged residents and youths then attacked the bus driver and set the vehicle ablaze. Police officers and officials of the Lagos Neighbourhood Safety Corps (LNSC), who were nearby, intervened promptly and rescued the driver unharmed.
The identity of the deceased motorcyclist and the exact circumstances of the crash had not been officially confirmed at the time of filing this report. It was also unclear whether any arrests had been made in connection with the burning of the bus.
News
ARISE News Wins Seven Honours At Nigerian Broadcasters Merit Awards
The awards recognised the network’s achievements in television journalism and programming, with ARISE News winning the Best TV Channel (Viewer’s Choice) category.
• ARISE News Anchor and host of What’s Trending Ojy Okpe was named Best Newscaster (TV – Female)
ARISE News has emerged as one of the major winners at the just ended Nigerian Broadcasters Merit Awards (NBMA).
ARISE News won seven honours across television broadcasting, news reporting, presentation and production during the ceremony.
The awards recognised the network’s achievements in television journalism and programming, with ARISE News winning the Best TV Channel (Viewer’s Choice) category.
The network’s flagship breakfast programme, The Morning Show, also won the Best TV Talk Show award, further strengthening its recognition in television broadcasting.
ARISE News Anchor and host of What’s Trending Ojy Okpe was named Best Newscaster (TV – Female).
Rufai Oseni was named Nigerian Broadcaster of the Year (Male), while Vimbai Mutinhiri-Ekpeyong received the Nigerian Broadcaster of the Year (Female) award.
The recognition extended to the network’s newsroom, with Ovieteme George winning Best TV News Reporter (Male) for his contributions to television news reporting.
Behind the camera, Sam Adeyemi received the Best Camera Operator/Cinematographer award, recognising his work in television production and visual storytelling.
News
Meta removes 3.7 million accounts in West Africa scam crackdown
The joint operation led to 28 arrests, identified more than 30 suspected scam centres and rescued 117 people allegedly trafficked and forced to work in scam compounds in Ghana.
Meta, the parent company of Facebook and Instagram, has removed more than 3.7 million Facebook and Instagram accounts, pages and groups linked to suspected scam networks operating in West Africa.
The joint operation led to 28 arrests, identified more than 30 suspected scam centres and rescued 117 people allegedly trafficked and forced to work in scam compounds in Ghana.
The company announced the crackdown in a statement on Tuesday, October 13, 2026. It involved 14 technology companies and law enforcement agencies from 10 countries.
The United Kingdom’s National Crime Agency coordinated the operation with the US Department of Justice, the Federal Bureau of Investigation and other agencies. Nigerian authorities were involved.
Other countries included Ghana, Australia, Canada, New Zealand and India.Tech companies that took part included Google, Microsoft, OpenAI, Coinbase, Starlink and Adobe.
Meta said the partnership let participants share intelligence across digital platforms, countries and financial systems to identify criminal networks.
-
Business3 days agoNaira Exchange Rates For Thursday, October 15
-
Sports3 days agoCAF Increases Annual Funding for Member Federations to $700,000
-
News3 days agoASCON To Be Rebranded “National School Of Government”
-
Business3 days agoGermany plans tax on sugary drinks
-
Business3 days agoWEF could appoint Lagarde as its next chair, sources say
-
International3 days ago“Mother of all bombs,” Trump Plans To Hit Iran
-
Business2 days agoNaira Exchange Rates Friday, October 16
-
Crime1 day agoBREAKING: 5 Arrested Over Imo NYSC Abduction
