By Ismail Auwal
Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has resigned his membership of the African Democratic Congress (ADC).
In a letter dated June 13, 2022, written to ADC national chairman Okey Nwosu, Moghalu said he was leaving the party because of the bad manner its primaries were conducted.
Moghalu’s decision came only days after he was defeated by Dumebi Kachikwu, the creator of Roots Television, for the party’s presidential ticket.
“I am writing to hand in my resignation from my membership of the African Democratic Congress, effective immediately,” he said.
“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,” the letter reads.
“As you are well aware, I have consistently resisted pressures to join the APC or the PDP precisely to avoid “cash-and-carry” politics.”
Moghalu stated that staying in the party after what thousands of party members witnessed in Abeokuta would be akin to endorsing political corruption of the most heinous kind.
“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.”
