Presidential aspirant of the African Democratic Congress, Kingsley Moghalu, has dumped the party days after losing the presidential ticket to owner of Roots Television Nigeria, Dumebi Kachikwu, stating that he lost the race due to “cash-and-carry politics.”
Moghalu’s resignation from the party was contained in a letter addressed to the party National Chairman, Okey Nwosu.
Kachikwu scored 977 to defeat Moghalu, who polled 589 votes to come distant second at the party’s primary which took place in Abeokuta, the Ogun State capital..
Moghalu’s resignation partly read, “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.
“Despite the circular you issued a few days prior 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 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.”
The former Deputy Governor of the Central Bank blamed his loss to “cash-and-carry politics”, revealed that ADC is not a credible alternative.
He said, “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.”
