A FEMALE SECONDARY SCHOOL STUDENT, OF ST. MICHEALS MODEL SECONDARY SCHOOL, WAS CAUGHT AT ONISHTA GSM MARKET STÉALING PHONES. (PHOTO).

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 A female secondary school student, of St. Micheals model secondary school, was caught at Onishta GSM market stéaling phones.  Traders in the particular plaza where she støle the phones caught her and threatened to beat her up if she doesn't confess and tell them how many times she has come to the plaza to steal phones. The secondary school student said her name is Chimuanya Nweke from Ebonyi state and she sells akpu in the market on Saturdays. She also said she lives with her parents in okpoko but they chased her out of the house and she has not been attending school because her parents did not pay the school fees. The girl also said that she came to the plaza to ste@l on Friday but the owner of the shop where she wanted to steal from was around so she could not carry out her plan, she also confessed that this was not the first time she has stol£n phones from the plaza. The traders who caught the young girl said they were going to hand her over to the police or Udogachi secur...
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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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