Kingsley Moghalu resigns from ADC

A former CBN deputy governor, Kingsley Moghalu, resigned from the African Democratic Congress (ADC) days after losing his bid for the party's president. Mr Moghalu lost to Roots Television founder Dumebi Kachikwu in a primary in Abeokuta, the capital of Ogun State, on Wednesday. He received 589 votes, ranking second behind Mr. Kachikwu, who received 977 votes. In his resignation letter addressed to ADC national chairman Okey Nwosu on Monday, the former CBN chief criticized the party leadership and the way it handled the election process that produced Mr Kachikwu as a victor. He said the drill, conducted by the ADC leadership, was fraught with inconsistencies similar to those found in the ruling All Progressives Congress (APC) and the main opposition People's Democratic Party (PDP). He added that the "process and conduct" of the exercise contradicted his values.

"I resigned because the process and conduct of the party's June 8, 2022, presidential primary in Abeokuta revealed a fundamental conflict of values between me and your party leadership," he said. Mr Moghalu accused the ADC leadership of failing to deliver on its promise to level the playing field for all candidates in the primaries. "Despite the circular you issued to the primary a few days ago, in which you committed the party to provide transportation and lodging for delegates to and in Abeokuta, and which, as we agreed, would offer a level playing field to all presidential hopefuls would, if the party under your leadership has not done so, do so. "As you know, I have consistently resisted pressure to join the APC or the PDP precisely to avoid a 'cash and carry' policy. For me, to remain a member of the ADC after what thousands of party members attended in Abeokuta would mean supporting political corruption of the most obscene order," Mr Moghalu explained in the letter. After promising to put the APC and PDP presidential candidates on political retirement if he emerged as the ADC's flag-bearer, Mr Moghalu's dream of leading Nigeria has suffered another early setback. He lost his first presidential bid in 2019 as a candidate for the Young Progressive Party (YPP), the same party he dropped a few months after the last election.

Commenting after joining the ADC in October 2021, Mr Moghalu said his then-new party was in line with his political ideology.

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