EFCC ARRAIGNS AUSTRIAN FOR UNDECLARED $800,585, €651,505 AT LAGOS AIRPORT. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Austrian For Undeclared $800,585, €651,505 At Lagos Airport The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Okotie Eboh, Ikoyi, Lagos, on Friday, January 9, 2026, arraigned one  Kavlak Onal, an Austrian national arrested by the Nigeria Customs Service, NCS, for allegedly failing to declare the sums of $800,575 and €651,505 in his possession. He was arraigned before Justice Yelim Bogoro of the Federal High Court sitting in Ikoyi , Lagos.  Onal who was scheduled to travel on Emirates Airline to Dubai, was on Tuesday, December 16, 2025 intercepted  during a routine check at the AML/ CFT Currency Declaration Desk at the Murtala Muhammed International Airport, Ikeja, Lagos.
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NETFLIX FACES ANTITRUST LAWSUIT OVER WARNER BROS. ACQUISITION PLAN. (PHOTO).

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Netflix faces antitrust lawsuit over Warner Bros. acquisition plan

An HBO Max subscriber has filed a nationwide antitrust class action against Netflix over its proposed $72 billion acquisition of Warner Bros. Discovery, claiming the deal could harm consumers by raising prices and reducing content diversity. The complaint, filed in the Northern District of California, argues that merging Netflix’s dominant global streaming platform with Warner Bros. Discovery’s studios and streaming services would significantly decrease competition in the U.S. subscription video-on-demand market.

Plaintiff Michelle Fendelander, representing subscribers who paid for HBO Max since December 2021, asserts that the merger would allow Netflix to raise subscription fees, limit content quality and availability, and reduce innovation, while making it harder for new competitors to enter the market. The lawsuit cites Section 7 of the Clayton Act and seeks to protect consumers from diminished choice and higher costs. The filing comes as Paramount Skydance launched a rival bid to acquire Warner Bros. Discovery, promising more cash to shareholders and arguing its deal would increase competition. Political figures, including Senator Elizabeth Warren, have raised antitrust and national security concerns over both bids, while former President Donald Trump has said he is still assessing the market implications. Netflix has not commented on the lawsuit.


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