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TUESDAY, JULY 30, 2013



Myanmar’s President Wants Ex-Governor YANGON- President Back To Head Central Bank

Myanmar’s President Thein Sein gives a speech during a launch ceremony for rural development

Italian Bus Crash Kills 39

MONTEFORTE IRPINO, Italy- Thirty-nine people were killed and around 10 injured when a bus plunged off a viaduct in southern Italy in what Prime Minister Enrico Letta described yesterday as a huge tragedy. Initial reports suggested that the coach was travelling at speed and had hit four or five cars before crashing over the roadside barriers on a stretch of road near Monteforte Irpino, east of Naples, on Sunday night. There were around 50 people on board, including many children. It was one of the worst road accidents in Italy’s

history, and the second transport disaster to hit southern Europe in the space of five days. Seventy-nine people were killed when a high-speed train derailed in the Spanish pilgrimage town of Santiago de Compostela on Wednesday. Letta, on an official visit to Athens, canceled a private visit to the historic Acropolis before meetings with his Greek counterpart Antonis Samaras. “It is a very sad day for Italy, what happened last night. There are no words for it,” he told reporters. “It is a huge tragedy.” A statement from

TEHRAN - Iranian President-elect Hassan Rouhani will nominate Bijan Zanganeh to return to the post of oil minister which he held under Iran’s reformist government from 1997 to 2005, Iran’s ISNA news agency said on Monday. Quoting sources in Rouhani’s office, it also said the moderate cleric, elected last month and due to be inaugurated on August 4, would nominate Mohammad Forouzandeh as head of the Supreme National Security Council, a position which would make him Iran’s chief nuclear negotiator. Forouzandeh is a former Revolutionary Guard, a current member of the Supreme National Security Council and head of a large and economically powerful state charitable foundation. Mohammad Javad Zarif, Iran’s ambassador to the

United Nations from 2002 to 2007, would become foreign minister, ISNA reported citing a list of 17 nominations it said were the most likely choices based on information from Rouhani’s office. There was no official confirmation. Parliament must approve all the president’s ministerial nominations. As oil minister until President Mahmoud Ahmadinejad came to office if 2005, Zanganeh helped attract billions of dollars of foreign investment into Iran’s oil and gas industry. He was seen as enjoying the support of Supreme Leader Ayatollah Khamenei. “He’s a good communicator and respected within OPEC,” said a Gulf OPEC delegate. “This is good news in terms of oil prices and market stability.”

Iran’s Rouhani To Nominate Zanganeh As Oil Minister

motorway operator Autostrade per l’Italia said the coach appeared to have been travelling fast in the vicinity of slower-moving traffic, even though the lower speed had been clearly indicated. “You would think that the barriers on the viaducts and bridges should prevent this type of accident but evidently it seems the impact was so strong that even the barrier gave way,” said Alessio Barbarulo, head of the local fire brigade division that coordinated the rescue effort. As rescue services worked, crushed wreckage from the coach lay on its side, while bodies covered in white sheets were lined up on the road before being taken away by ambulances. Thirty-six people were killed immediately and another three died later in hospital, a police official said. Infrastructure Minister Maurizio Lupi said it was too early to say what may have caused the accident but that there was no indication of technical problems with the bus, which had passed its annual inspection in March. An official from the prosecutor’s office in nearby Avellino said investigations would look at the possibility of manslaughter or causing an accident. The driver was killed in the crash. All of the victims appear to have been Italians returning from an excursion to the town of Telese Terme, known for its hot sulphurous springs and a nearby lake popular as a fishing spot.

Thein Sein has proposed that a former head of the central bank of Myanmar be brought back as governor as part of reforms that will make it independent from the Ministry of Finance, a source at the president’s office said on yesterday. “In his message sent to the Union Parliament, the president last week proposed appointing Kyaw Kyaw Maung, retired central bank governor, as the governor,” the senior official said, asking not to be identified. Kyaw Kyaw Maung, a career banker in his early 70s, was governor of the central bank from 1997 to 2007. He graduated from Mandalay University and briefly worked there as a tutor before joining the Ministry of Finance. Thein Sein signed a new central bank act into law on July 11, adding to the economic and political reforms he has pushed through since taking office in March 2011 after nearly half a century of military rule. Than Lwin, vice-chairman of KBZ Bank, the biggest

private bank in the country and a former vice-governor of the central bank, applauded the mooted appointment and those of other senior officials. “I think the president has made the right choices to take care of nurturing the newly reformed central bank. Parliament should approve it very soon,” he said. Aye Maung, an upper house lawmaker, said the proposals would be tabled for the current session of parliament this week. The source from the president’s office said the present governor of the central bank, Than Nyein, had been proposed for a post of vice-governor. Than Nyein, CHANGE OF


NEHIEZANA - I formerly known and addressed as Miss Nehiezana Mabel Omowkhor now wish to be known and addressed as Mrs. Ehigiator Mabel. All former documents remain valid. Concerned authorities and the general public should please take note.

60, a former army officer, took over from Kyaw Kyaw Maung in 2007. Set Aung, deputy minister of national planning and economic development, and Khin Saw Oo, a senior official at the central bank, had also been put forward as vicegovernors. Set Aung is a Westerneducated economist in his early 40s. He has been deputy minister as well as a presidential economic adviser for about a year. Khin Saw Oo, a career banker in her early 60s, is currently in charge of the regulation of financial institutions and the antimoney-laundering department. CHANGE OF


OGOR – I formerly known and addressed as Kenneth Chukwuemeka Ogor now wish to be known and addressed as Keneiro Cortez. All former documents remain valid. Concerned authorities and the general public should please take note.


NOTICE is hereby given that a Petition for the Winding up of the above named Company by the Federal High Court holden at Benin was on 7th February, 2013 presented to the said Court by Nigeria Deposit Insurance Corporation of Plot 447/448 Central Business District, Constitution Avenue, Abuja. And that the said Petition is directed to be advertised and set for mention before the Court sitting at Benin on 10th October, 2013 and any contributory of the said Company desirous to support or oppose the making of an Order on the said Petition may appear at the time of hearing in person or by his Counsel for that purpose and a copy of the Petition will be furnished by the undersigned to any creditor or contributory of the said Company requiring such copy on payment of the regulated charge for same. Dated this 23rd day of July, 2013.

NOTE: Any person who intends to appear on the hearing of the said Petition must serve on or send by post, to the above named, notice in writing of his intention so to do. The Notice must state the name and address of the person; if a firm, the name and address of the firm, and must be signed by the person or firm or by his or their Solicitor (if any) and must be served or if posted, in sufficient time to reach the above named not later than 48 working hours before the date the Petition is for mention in Court.

Nigerian observer 30 07 2013  

Nigerian Observer digital edition

Nigerian observer 30 07 2013  

Nigerian Observer digital edition