By Emmanuel Adeleke
Former deputy governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, has resigned his membership of the African Democratic Congress (ADC).
Moghalu disclosed this in a letter addressed to ADC national chairman, Okey Nwosu, on Monday.
The former CBN deputy governor’s decision comes days after he lost the party’s presidential ticket to founder of Roots Television, Dumebi Kachikwu.
Moghalu said his decision to quit the party was as a result of the poor conduct of the presidential primary.
“I am writing to hand in the resignation of 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.
“Despite the circular you issued a few days to the primary committing that the party will provide transportation to and from Abeokuta, accommodation, and provide a level playing field 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,” the letter read.