Former deputy governor of the Central Bank of Nigeria (CBN) Kingsley Moghalu has resigned his membership of the African Democratic Congress (ADC).
His resignation comes days after he lost the presidential primary to Dumebi Kachikwu.
In a letter to ADC chairman Okey Nwosu, Moghalu said he was leaving the party because of alleged infractions during the primary election.
“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 said.
Moghalu also alleged that the party played ‘cash-and-carry’ politics which is why he has “consistently resisted pressures to join the APC or the PDP.”
“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,” he added.