RIGHTEOUSNESS The Managing Director of PC Outlet Limited Company, Mr. Onyema Okonjo, has been officially released from any outstanding financial obligations to the Asset Management Corporation of Nigeria, or AMCON, by Daniel Osiagor of a Federal High Court located in Lagos.

The court’s decision was based on a letter from AMCON with the reference AMC/ABJ/ERM/22/962/MU/47007, titled “Letter of Non-Indebtedness,” and jointly signed by Joshua Ikioda, the group head of enforcement, and Matthew Coker, the head of enterprise risk management.

The record attested to the fact that neither Mr. Okonjo nor PC Outlet Ltd. owing money to AMCON.

Judge Osiagor fully released Okonjo from all obligations after receiving this letter, which was verified in court by Mr. Francis Oloruntoba, AMCON’s attorney.

In addition, the court mandated that all securities be returned to Mr. Okonjo, including properties on the Lekki Peninsula.

Remember that prior to this decision, Judge Osiagor had issued a freezing order, attaching the bank accounts of PC Outlet Ltd.’s directors, Mr. Ernest Awulonu, Mr. Kenneth Njoku, and Mr. Onyema Okonjo. This was due to a 168 million debt that was determined to be accumulated interest and debt.