Kingsley Moghalu, former deputy governor of the Central Bank
of Nigeria (CBN), has resigned his membership of the African Democratic
Congress (ADC).
Moghalu announced his decision to leave the party in a
letter dated June 13, 2022, and addressed to Okey Nwosu, ADC national chairman.
The former CBN deputy governor’s decision comes days after
he lost the party’s presidential ticket to Dumebi Kachikwu, founder of Roots
Television.
Moghalu said his leaving the party is as a result of the
poor conduct of the presidential primary.
“I am writing to hand
in my resignation from my membership of the African Democratic Congress,
effective immediately. I have resigned because the process and conduct of the
party’s presidential primary on
June 8, 2022 at Abeokuta revealed a fundamental clash of
values between me and your leadership of the party,” the letter reads.
“Despite the circular you issued a few days to the primary
committing the party to providing transportation and accommodation for
delegates to and in Abeokuta, and which as we agreed would provide a level
playing for all the presidential aspirants, the party under your leadership
failed to do so.
“Some aspirants, including myself, made donations to the ADC
party account as requested by the party for this purpose. This failure, which
appeared intentional, created room for massive abuses of the electoral process
including delegate capture and financial inducement of delegates.
“This is only one of
numerous inconsistencies and the absence of transparency and predictability in
the management of the party that I had progressively complained about.
“As you are well aware, I have consistently resisted
pressures to join the APC or the PDP precisely to avoid “cash-and-carry”
politics. For me to remain a member of the ADC therefore, after what thousands
of party members participated in at Abeokuta, would be to endorse political
corruption of a most obscene order.
“I joined the ADC in October 2021 with the best of
intentions. Since then, I have put my entire team to work on growing and
improving the party, including raising the party’s
visibility on all media platforms, recruiting more than
10,000 new members to the party, and providing new offices for various state
chapters of the party at my expense.
“It is deeply regrettable that other inducements appear to
have played more important roles in determining the outcome of the primary than
loyalty to the party.”
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