OKPOKO BUILDING COLLAPSE: ANAMBRA COMMISSIONER CONDEMNS ILLEGAL STRUCTURE, ORDERS DEMOLITION. (PHOTO). #PRESS RELEASE

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 Okpoko Building Collapse: Ojukwu Condemns Illegal Structure, Orders Demolition ‎ ‎By Chukwuka Ugokwe ‎ ‎The Anambra State Commissioner for Physical Planning and Urban Development, Bar. Chijioke Ojukwu, has on Oct 8, described the collapse of a three-storey building under construction in Okpoko, Ogbaru Local Government Area, as unfortunate. ‎ ‎The incident, which occurred in the Anata Anaba area of the town, claimed the lives of a middle-aged woman and her 14-year-old daughter, amid allegations that warnings about the safety of the building had been ignored. ‎ ‎The victims, identified as Happiness Ugoagu and her daughter, Chikaima, were reportedly asleep in their bedroom when the building collapsed onto their residence. ‎ ‎Ojukwu, who visited the scene alongside officials of the ministry, alleged that substandard materials had been used in the construction. He also disclosed that a stop-work notice had previously been served on the building. ‎ ‎Describing the structure as illegal, ...
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WARNER BROS. BOARD URGES SHAREHOLDERS TO REJECT PARAMOUNT BID AND BACK NETFLIX OFFER. (PHOTO).

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 Warner Bros. board urges shareholders to reject Paramount bid and back Netflix offer

Warner Bros. Discovery’s board of directors has unanimously urged shareholders to reject a takeover bid from Paramount Skydance, throwing its full support behind an earlier offer from Netflix. In a statement released Wednesday, the board said it had completed a detailed review of Paramount’s recently launched tender offer and determined that it failed to deliver sufficient value while exposing shareholders to substantial risks and potential costs. Board chair Samuel A. Di Piazza Jr. said the assessment led directors to conclude that the Paramount proposal was not in the company’s or investors’ best interests.

The board emphasized that Netflix’s bid represents a superior and more certain option for shareholders, citing clearer value and fewer risks compared with the competing offer. Market reaction reflected investor caution, with Warner Bros. Discovery shares dipping in early trading while Netflix shares rose and Paramount’s stock declined. Netflix welcomed the recommendation, with co-CEO Ted Sarandos saying the process produced an outcome that benefits consumers, creators, investors, and the wider entertainment industry, and reaffirming that the merger agreement remains the strongest path forward for shareholders.

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