Why does system commands fail with "zlib/libz.so.1: no version information available" errors?

Issue

• ps command is failing with zlib/libz.so.1: no version information available (required by /lib64/libdw.so.1).

  $ ps
  ps: /opt/manh/scope/wms/swtools/zlib/libz.so.1: no version information available (required by /lib64/libdw.so.1)
  

• As another pattern, ip command is failing with the following message.

  ip: /opt/ibm/cognos/analytics/cgi-bin/libz.so.1: no version information available (required by /lib64/libbpf.so.0)