VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE. (PHOTO).

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 VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE A suspected vandal has been crushed to death under a collapsed vandalised  transmission tower along the 330kV Ughelli-Benin transmission line in Delta State. The incident was discovered during a line patrol carried out by the Delta Sub-Region, Lines Maintenance Department of the Transmission Company of Nigeria (TCN), following the tripping of the line on earth fault on the Ughelli - Benin 330kV Transmission line. A statement by the TCN indicates that the patrol team traced the fault to Tower 101, which had collapsed. The body of the suspected vandal was found crushed between the tower members. Tower 101 on the adjacent Ughelli - Sapele 330kV  transmission line had also been vandalized.
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TURKEY'S CENTRAL BANK CHIEF MOVES IN WITH HER PARENTS OVER HER INABILITY TO AFFORD A HOME IN ISTANBUL DUE TO INFLATION. (PHOTO).

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Turkey's Central Bank Chief moves in with her parents over her inability to afford a home in Istanbul due to inflation 

The new head of Turkey’s central bank said she has been priced out of Istanbul’s property market by rampant inflation. 

Left with no choice, the former finance executive has moved back in with her parents. 

“We haven’t found a home in Istanbul. It’s terribly expensive. We’ve moved in with my parents,” 44-year-old Hafize Gaye Erkan, who took up her post in June after two decades in the United States, told the Hurriyet newspaper. 

Erkan previously worked at firms including Goldman Sachs and First Republic Bank — and is now getting a crash course in the soaring prices that have seen many young people struggling to find lodgings. 

“Is it possible that Istanbul has gotten more expensive than Manhattan?” she said. 

Tayyip Erdogan has allowed the lira currency to weaken while promising that a new team of economists with Wall Street experience would tackle years of economic crisis. 

To quell growing anger, officials also capped rent increases at 25 per cent — though experts say that has only amplified the housing tensions, as owners try to push out occupants, sometimes fraudulently, in order to set new and higher rents. 

The central bank last month pushed up benchmark lending rates to 40 per cent in a bid to get inflation under control. 

“We’re nearing the end of our monetary tightening measures,” Erkan told the paper.

 

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