Keyamo Asks Moghalu To Join APC, Says Third Force Are Untested Nigerians

A file photo of the Minister of State for Labour and Employment, Festus Keyamo.

 

The Minister of State for Labour and Employment, Festus Keyamo, has asked a presidential aspirant, Kingsley Moghalu to join the All Progressives Congress (APC).

He made the appeal in a tweet on Monday following the announcement by Moghalu that he had resigned from the African Democratic Congress (ADC).

Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN), exited the ADC after losing the party’s presidential ticket to the founder of Roots Television, Mr Dumebi Kachikwu.

In a letter dated June 13 and addressed to ADC’s National Chairman, Okey Nwosu, he explained that the presidential primary had been wrought with inconsistencies.

READ ALSO: Moghalu Quits ADC After Losing Presidential Ticket, Laments Corrupt Process

“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 presidential hopeful had said.

“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.”

Reacting to the development, Keyamo, who described Moghalu as his brother, advised the latter to pitch his tent with the ruling APC.

According to him, joining the Third Force whom he tagged as a group of untested Nigerians might be worse off than his previous party.

“My own dear brother, @MoghaluKingsley, you’ve just seen that the so-called Third Force are just some untested Nigerians who may just be worse off,” said the Senior Advocate of Nigeria.

“They’re not from the moon; they’re Nigerians. It’s all sound and fury and nothing more. Welcome to the real world. Please, join us in APC.”

Moghalu Quits ADC After Losing Presidential Ticket, Laments Corrupt Process

A presidential aspirant of the African Democratic Congress (ADC), Kingsley Moghalu, speaks during an interview on Channels Television’s Politics Today on May 11, 2022.

 

Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu has resigned from the African Democratic Congress.

He left the party after losing the party’s presidential ticket to the founder of Roots Television, Mr. Dumebi Kachikwu.

In a letter dated June 13 and addressed to ADC’s National Chairman, Chief Okey Ralphs Nwosu, Moghalu said the presidential primary had been wrought with inconsistencies.

“I am writing to hand in my resignation from my membership of the African Democratic Congress, effective immediately,” Moghalu’s said in his letter.

READ ALSO: Ex-PDP Governors Pledge Support To Atiku

“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 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.”

Declaring For President As CBN Governor Will Erode Investors’ Confidence, Says Moghalu

 

A presidential aspirant of the African Democratic Congress (ADC), Kingsley Moghalu, on Wednesday said declaring for President as a governor of the Central Bank of Nigeria (CBN) will erode investors’ confidence in the apex bank.

Moghalu, a former CBN Deputy Governor, stated this during an interview on Channels Television’s Politics Today.

He faulted the CBN Governor, Godwin Emefiele, for choosing to remain in office while nursing a presidential ambition on the platform of the ruling All Progressives Congress (APC).

READ ALSO: Police Arrest Suspected Notorious Cultist On Wanted List In Ogun

A presidential aspirant of the African Democratic Congress (ADC), Kingsley Moghalu, speaks during an interview on Channels Television’s Politics Today on May 11, 2022.

 

“I wouldn’t be running for President if I was a sitting central bank governor,” the political economist declared. “That is one of the things that is creating a problem for the Nigerian economy.

“Investors will have no confidence if an institution that is supposed to be impartial, apolitical whether in regard to the markets or in regard to the government, is seen otherwise.

“I will not lend the government of Nigeria N18 trillion breaking every law that exists in the book. There are many things I will do differently and therefore, we will likely have a better economy.”

Moghalu also promised to create jobs for the teeming unemployed youths if elected as Nigeria’s President.

When asked what the current unemployment rate was, he put the index at about 33 per cent, describing it as one of the highest in the world.

On how he plans to create jobs, the presidential hopeful said he would create a N1 trillion venture capital fund that would provide temporary unemployment support to young Nigerian graduates, provided they undergo skilled training.

“This venture capital fund will give young people funds to start a new business based on their skills,” he explained.

“The government will invest in the fund, private sector people will also invest in it; everybody in Nigeria does not need N5 million to start a new business.”

Moghalu Picks Up ADC Presidential Form

Professor Kingsley Moghalu (second left) picked up his ADC presidential form in Abuja on May 10, 2022.
Professor Kingsley Moghalu (second left) picked up his ADC presidential form in Abuja on May 10, 2022.

 

A former Deputy Governor of the Central Bank, Professor Kingsley Moghalu on Tuesday picked up the presidential expression of interest and nomination form of the African Democratic Congress in Abuja.

“I purchased the form myself, opting against the usual fake purchases on behalf of aspirants by shadowy groups,” Moghalu said in a post on Twitter.

“I did so because Nigerians are worthy of this sacrifice.”

READ ALSO: Wonder Of The World If Jonathan Joins APC, Says Umahi

Speaking shortly after picking up the form, Moghalu promised to invest heavily in the education sector by allocating, to the sector, 20 percent of the nation’s budget.

According to him, investing in education can help curb the challenges of insecurity and youth unemployment in the country.

He vowed that the incessant strikes by the Academic Staff Union of Universities will be confined to history once he emerges as President.

He also added that the current inflation rate in the country will be tackled by his administration in order to create a conducive business environment.

Procedures Govt Should Follow To Remove Petrol Subsidy – Moghalu

 

There are a number of procedures to be followed by the Federal Government before removing the subsidy on Premium Motor Spirit (PMS), also known as petrol.

One of such critical steps to be taken is the provision of an effective public transportation system in the country, Professor Kingsley Moghalu suggested on Friday.

Moghalu, a deputy governor of the Central Bank of Nigeria (CBN) between 2009 and 2014, made the recommendation during an interview on Channels Television’s Politics Today.

“If you spent N1 trillion; you don’t even have to do that,” he said. “If you spend N500 billion, you could have a very effective public transportation system across this whole country and the people, therefore, who can afford petrol when you remove the subsidy – the middle class and wealthy people; they can carry on and poor people who can’t afford the commercial price of petrol which is being subsidised today can use public transport to move around.

“That is what we should be going for but that is not where we are at this point.”

READ ALSO: Nigeria’s Inflation Rate Hits 15.92% As Food, Gas Prices Rise

The political economist and former presidential candidate is also in support of removing the subsidy on petrol in the country.

But he wants the removal to be implemented only when the government has made adequate preparations to cater to the needs of the poor people in the society.

According to Moghalu, the current price of petrol in Nigeria is ridiculously cheap compared to other African nations and this is a major factor fuelling the smuggling of the product in parts of the country

“I think subsidy is really like a bone in our throat … it is a very difficult problem but as to whether it should continue, let me tell you the answer is no; but you cannot remove it precipitately,” he stated.

“There should be a proper plan of investments in public transportation before you can remove petroleum subsidy. I want you to note that the only hydrocarbon product that is subsidised now in Nigeria is Premium Motor Spirit (PMS) – petrol; diesel, kerosine, all those other things are selling at commercial prices.

“So, there is nothing impossible about removing the petroleum subsidy, although some people may want to make it look as if it is an entitlement we have because we produce petrol.”

On the way forward, the former CBN deputy governor said, “We need to get a refinery in this country functioning at capacity, and that is likely going to be the Dangote refinery.

“We have to get our refineries working and one of the reasons the state refineries have collapsed is just because of the inefficiency and the incompetence of economic management in the Nigerian state.”

Why I Don’t Blame Nigerian Youths For Leaving The Country – Moghalu

File photo of Nigerian youths protesting at the nation’s capital, Abuja in October 2020. PHOTO: Sodiq Adelakun/Channels TV

 

A former Deputy Governor of the Central Bank Nigeria (CBN), Kingsley Moghalu has explained why he does not blame Nigerian youths for leaving the country and seeking greener pastures abroad.

Speaking on Sunday during an interview on Channels Television programme, The Chat, he said the economic situation in the country is frustrating.

He said although his children are based abroad, they look forward to coming back to Nigeria.

 

“My family has always been international by virtue of my career and my kids all want to come home to Nigeria.

“That is why they encourage me in my political career because they feel that if I can win, I can lead the creation of a Nigeria to which they can return to very happily. And many other families return to.

READ ALSO: Amnesty For Bandits: Hardcore Elements Should Face Justice – General Usman

“Look at young people in this country, everyone wants to go, leave the country because there is so much misery, so much economic frustration.

“And I don’t blame them for leaving. My heart goes out to those young people. I want to lead the creation of a new Nigeria to which they can return,” he said.

Moghalu, a technocrat turned politician recently joined the African Democratic Congress (ADC) to pursue his presidential ambition.

 

Moghalu said he could have joined the All Progressives Congress (APC) or the Peoples Democratic Party (PDP) in 2019 but he realised that neither of the parties can help to actualise his vision for Nigeria.

“I do not believe that the Nigerian political leadership class is sincere or capable of changing this country for the better.

“In 2019, I had the opportunity to join the PDP or the APC but I advised myself to introduce my vision to Nigerians and take a long-term approach to my political career.

“Because I did not feel satisfied just going in to become part of the system that feeds fat on the commonwealth of Nigerians. If I join APC or PDP today, I have gone to take care of myself but the vision I have for the people, I do not think these parties are able to accommodate it, I don’t think they are able to execute it.

“So we must build an alternative to them and educate the voters towards that alternative,” he explained.

Moghalu, a lawyer and political economist, was the presidential candidate of the Young Progressives Party (YPP) in the 2019 presidential election.

He left the YPP in October 2019 and recently joined the ADC.

ADC political party fielded Pat Utomi as its candidate in the 2007 presidential election.

Moghalu Declares Interest In 2023 Presidency, Unveils SWAG Agenda

A file photo of Professor Kingsley Moghalu.

 

A former presidential candidate, Professor Kingsley Moghalu, has announced his intention to vie for the top seat in the land in the forthcoming general elections.

Moghalu, declared his interest to join the 2023 presidential race in a statement on Tuesday, about a year and nine months to the scheduled date of the poll.

The Independent National Electoral Commission (INEC) had fixed February 18, 2023, to conduct the elections.

READ ALSO: How We Repelled Attacks On Two Stations In Imo – Police

While he contested the 2019 presidential election on the platform of the Young Progressives Party (YPP), Moghalu said he would announce the political party he would join within the next few months.

He also unveiled his SWAG Agenda for a 21st century Nigeria and sought the support of those who were tired of the present situation in the country.

Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), promised that if elected, he would run a government with a dream team of highly competent Nigerians from all parts of the country.

Read the full statement below:

2023: I WILL RUN BECAUSE WE THE PEOPLE MATTER

What is the value of a Nigerian life?

We live daily today under the shadow of terrorists. Our economy is collapsing. Many families cannot afford the price of food. Millions of young men and women have no jobs and have no hope.

Our university students know more about ASUU strikes and long school closures than any skills they need to be competitive in the world of the 21st century.

Only the rich and powerful can access quality healthcare in our country or abroad as medical tourists, because our health system, like most other systems, is broken.

I lost my father, Isaac Moghalu, in December 1998 because he had a stroke, but the doctors were on strike, and therefore we could not get him adequate healthcare on time.

Soon after we found a private clinic and moved him there, he went into a coma and passed on shortly afterward. I was heartbroken. Today, 23 years later, not much has changed. Like many, I have suffered the effects of bad governance in our country.

With life in it increasingly nasty, brutish, and short, the very idea of Nigeria is now almost meaningless to many Nigerians. Cries for self-determination fill the air in response to fundamental injustice.

Meanwhile, politics in Nigeria does not bring change, and its benefits go to only one group – the political elite. Their message is loud and clear: we the people —you and I – DO NOT matter.

The bodies of Nigerians are buried in cold corners of foreign cemeteries, strewn across the Sahara desert, and float in the Mediterranean Sea, as a consequence of a non-existent leadership. Our country can no longer speak confidently in the gathering of nations.

Life as ordained by our Creator, that we may experience His Goodness in this land of the living, has eluded us as a people.

Only the emergence of visionary, competent and inclusive national leadership, on the one hand, and a fundamental restructuring of Nigeria based on a new people’s constitution, on the other, can arrest Nigeria’s ongoing disorderly and violent degeneration into a completely failed state. We were not born to be miserable and to die miserably. Enough is Enough!

It is now more than ever necessary that we elect in 2023 a leader who is truly committed and has the capacity to initiate the constitutional restructuring of Nigeria. A leader who is competent to secure our lives and property, successfully manage our diversity, save our economy, and restore our international respect.

For the sake of the youth of our country — including my four children — whose future is being drowned in reckless foreign borrowing, and for the sake of all Nigerians suffering and seeking a clear alternative to the status quo, I intend — with all humility — to present myself — again — as a candidate for the Office of the President of the Federal Republic of Nigeria in the 2023 general elections.

If elected, I will run a government with a dream team of highly competent Nigerians from all parts of our country. Along with strengthened, independent institutions, we will deliver results on a four-point agenda in four years (4 by 4):

— Security for all Nigerians and Nigeria’s territory;

— War against poverty: skills, jobs for our youth, and an innovation economy;

— Accelerated education and healthcare reform;

— Good governance: inclusive, transparent, effective, and accountable.

This is my SWAG Agenda for a 21st century Nigeria. I seek the support of all compatriots — of everyone who is tired of our present national situation. We also need the energy and support of our youth, the middle class, entrepreneurs, and our compatriots in the diaspora.

These important segments of our population have in the past been reluctant to engage actively in our electoral process, ostensibly because of the flaws in that process.

The National Assembly must now pass into law, without further delay, necessary electoral reforms that will make democracy yield real dividends for Nigerians. Our votes must count, and be counted transparently. The amendments should include a provision for Diaspora Nigerians to be able to register and vote in all elections in Nigeria from abroad.

I am only one face of a movement. A movement of silent and suffering Nigerians fed up with the insecurity, poverty, and a seemingly hopeless future for our country. A movement that has decided that Enough is Enough.

That movement, soon to be present in our numbers in every voting ward in Nigeria, will announce within the next few months the political party we will join en masse and seek its platform for the presidential, legislative, and gubernatorial roles in governance.

We can do this. We can change Nigeria.

Together, let us walk this road to a Nigeria that, within 30 years of successive administrations, will have achieved the kind of economic and technological advancement attained by countries such as Israel, Malaysia, Singapore, South Korea, and the United Arab Emirates within similar timeframes.

It is possible. We only need to participate actively in the democratic process and vote right when the time comes.

We the Nigerian people matter. We the Nigerian people deserve better. Let’s do this. Because we can and we must.

Signed

Kingsley Chiedu Moghalu, Ph.D. OON FCIB

Ifekaego Nnewi

June 1, 2021

$500m Worth Of Bitcoin Traded In Nigeria In Last Five Years – Moghalu

 

Former presidential candidate, Kingsley Moghalu, has said that $500 million worth of Bitcoin has been traded in Nigeria within the last five years.

Moghalu who was once the Head of Directorate of the Central Bank of Nigeria, (a unit which he says is in charge of the financial systems), disclosed these figures while reacting to the recent CBN policy which directed all banks to close accounts that transact in cryptocurrency.

He faulted the move of the apex bank, saying that regardless of the risks involved in trading in cryptocurrencies, he would not recommend that it be banned outrightly.

“A lot of the activities in the world are going digital and I would not recommend banning it (cryptocurrencies) outright,” Mr Moghalu said in an interview on Channels Television’s Sunday Politics.

“$500 million worth of Bitcoin has been traded in Nigeria within the last five years and Nigeria is one of the top 10 countries in the use of cryptocurrencies in the world today”.

Read Also: Cryptocurrency: What’s Bitcoin Really Worth?

He further explained that it is becoming a real factor in the country’s investment ecosystem, as well as a livelihood for many Nigerians.

The Central Bank of Nigeria on Friday, ordered all banks to close accounts of anyone who transacts in cryptocurrency.

The order was contained in a circular to banks and other financial institutions, signed by the Director of Banking Supervision, Bello Hassan, and was expected to take effect immediately.

According to the CBN, dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited.

However, Mr Moghalu faulted the directive and echoed the sentiments of many other Nigerians, noting that the move is seen as though the government is always taking actions aimed at taking away opportunities from Nigerians especially in a depressed economy.

He believes that any investment has risks and if he was in a position to make a decision, it would be to balance the risks as against the current realities of the country.

According to the former presidential candidate, regular currencies depreciate in value as against cryptocurrencies such as the BTC but many Policies from the bank in the past few years have not been favourable.

“The Nigerian Government should try to make the investment climate far more friendly and efficient than it is now.

“It is unfriendly, that’s why the foreign investment is declining,” he said.

#EndSARS: Youths Have Realized Nigeria’s Future Belongs To Them, Says Moghalu

 

Former presidential candidate, Kingsley Moghalu believes the #EndSARS protests which rocked the country in October 2020 is a sign that Nigerian youths have realized that the future of the nation is in their hands.

“First of all, it gives us hope that all hope is not lost,” the former Deputy Governor of the Central Bank of Nigeria (CBN) said during an interview on Channels Television’s Sunrise Daily on Wednesday.

“It tells us that our young people are finally coming to realize that the future belongs to them and they have to make a choice as to whether the posterity of Nigeria will belong to them or whether all they would do is to simply inherit our foreign debt.”

– ‘The Way To Go’ –

Moghalu who contested the 2019 presidential election under the Young Progressive Party (YPP), also called on youths to embrace what he described as structural politics if they are to make an impact in the country’s political terrain.

He argued that that is the only way to translate the energy of the #EndSARS protests into political gains for the country.

 

Moghalu believes the amendment of the Electoral Act is critical to the country’s democratic process.

 

“The way to go is to go into structural politics. That is to say, to join political parties, to be able to vote, to register and to vote and to be able to be voted for.”

A critical part of making this happen, the 58-year-old explained, is the amendment of the country’s electoral laws which he described as low-hanging fruit in deepening Nigeria’s democratic system.

READ ALSO: Nigeria To Procure 140m Doses Of COVID-19 Vaccines In Two Years – Fayemi

“That is so critical even as we fight or struggle for a new constitution. The immediate thing before us is the Electoral Amendment Act. It’s the low-hanging fruit because it will be completed within the next couple of months, hopefully, and we should insist that it provides a transparent process of electing our leaders where our votes count not just the people who count the vote,” Moghalu added.

“And I think this should be done through a system of electronic voting, electronic transmission of results.

“Anything that creates loopholes for election results to be manipulated, we must avoid it because that is part of what removes confidence from our democratic process and leaves a lot of citizens apathetic. Because they say, ‘Well, they would just rig the election, why should I bother?’ We must move away from this!”

—Protests Against Brutality—

The #EndSARS protests – which were largely driven by youths and against police brutality- rocked the country in October 2020. 

 

#EndSARS protesters in Abuja on October 19, 2020. Sodiq Adelakun/Channels TV

 

Although the protests were largely peaceful at the onset, they were later hijacked by hoodlums leading to a looting spree and the destruction of properties in several parts of Nigeria.

Food Import: Moghalu Faults Buhari’s Directive To CBN

Professor Kingsley Moghalu

 

The presidential candidate of the Young Progressives Congress (YPP) in the 2019 general elections, Professor Kingsley Moghalu, has criticised the presidential ban on providing foreign exchange for the importation of food into the country.

Professor Moghalu faulted President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN) during an interview on Wednesday.

“The Central Bank does not require the formal and explicit approval of the President in order to perform its job,” said the former CBN deputy governor on Channels Television’s Politics Today.

He added, “That is another way of saying that the President himself or any political authority outside the bank should not be giving the bank direct instructions.”

READ ALSO: Don’t Give A Cent To Anybody To Import Food Into The Country, Buhari Tells CBN

President Buhari had said the directive was important considering the “steady improvement” in agricultural production and attainment of “full food security” in Nigeria.

But Moghalu, who cited Article 1 of the CBN Act (2007), stated that the apex bank has been mandated to be independent in the discharge of its responsibilities.

He, however, noted that the President can act exercise his powers by approving on three key areas of the financial institution.

The economist said further, “This is a fundamental principle of central banking around the world over the last four decades. There are only three instances in the operations of the Central Bank where the Central Bank requires the direct approval of the President.

“First is the approval of the annual account of the Central Bank. The President must approve it. Second is the approval of currency designs.”

“For the Central Bank to issue the coin of the realm as we say (naira notes), the President has to approve those designs and proposals.

“Thirdly, any external investment by the Central Bank itself as an institution has to be approved by the President. Outside of these three specific instances, the Central Bank does not require the approval of the President in order to perform its job,” he said.

2019 Elections: Youths Are The Biggest Disappointment, Says Moghalu

The presidential candidate of the Young Progressive Party (YPP), Professor Kingsley Moghalu, has taken a swipe at Nigerian youths for the role they played during the recently held general elections.

Moghalu, who was a guest on Channels Television’s Politics Today, regretted that the young populations did not make their presence felt during the polls.

“The biggest disappointment was with the youths. The youth vote was absent. They make a lot of noise, they rant and rail but you will not see them on the voting day. And when they vote, they don’t vote in line with their rhetoric,” he said.

When asked if the polls witnessed improvement when compared to 2015, Moghalu noted that chaos marred some polling centres coupled with an alleged organisational efficiency and effectiveness shortly before the commencement of voting.

YPP presidential candidate, Professor Kingsley Moghalu speaks on the outcome of the 2019 general elections on Channels Television’s Politics Today on April 12, 2019.

“The organisational efficiency and effectiveness of the election was generally weak. We saw it. First, it was postponed at the last minute and in many parts of the country, there was chaos at the polling booths especially in rural areas.”

READ ALSO: 2019 Elections: Our Votes Were Stolen, Diverted And Suppressed – Moghalu

Reacting to President Muhammadu Buhari’s victory at the polls, he advised the current administration to justify the votes and work hard to restore Nigerians have reposed on the President.

In doing that, he wants the Federal Government to focus on three cores areas bordering on national unity, building a vibrant economy and the nation’s security.

Speaking on security, he decried the poor funding of the police, calling on the government to properly equip its personnel with the modern tools to properly secure lives and properties.

Moghalu, who is also an economist and former Deputy Governor of the Central Bank of Nigeria (CBN) however wants the complete removal of subsidy.

He also wants the Nigerian National Petroleum Corporation (NNPC) to be privatised because it “is not a very profitable corporation, it is not a transparent corporation.”

Asked if he would still throw in the hat for the 2023 presidential race, his response was “it’s too early to make that kind of decision.”

Ahead of the 2023 general elections, the YPP candidate wants the presidency to be zoned to the south-east.

2019 Elections: Our Votes Were Stolen, Diverted And Suppressed – Moghalu

The presidential candidate of the Young Progressive Party (YPP), Professor Kingsley Moghalu, has reacted to the outcome of the recently concluded elections, alleging that votes meant for his party were stolen, diverted and suppressed.

Appearing on Channels Television’s Politics Today on Friday, the YPP candidate said he was disappointed at the result of the 2019 polls.

“I know for a fact that our votes were stolen, our votes were diverted, our votes were suppressed. For this reason, the numbers attributed to the YPP for example as the final count was a joke,” he stated.

His comments come few weeks after the February 23 presidential election which saw the participation of about 73 political parties.

READ ALSO: Governor Abubakar, Bauchi APC File Petition At Election Tribunal

Few days after, the Independent National Electoral Commission (INEC) declared incumbent President Muhammadu Buhari, the All Progressives Congress (APC) candidate winner of the poll.

But Moghalu believes the result was a clear testament that “Nigerians have made a choice with the status quo, I didn’t win the election.”

YPP presidential candidate, Professor Kingsley Moghalu speaks on the outcome of the 2019 general elections on Channels Television’s Politics Today on April 12, 2019.

When asked if he was rigged out of the election, the YPP candidate stressed “I am not claiming that I won the election and was rigged out. I want to be very clear.”

He, however, called for “fundamental reform” of the nation’s electoral system.

Moghalu, who is also a former Deputy Governor of the Central Bank of Nigeria (CBN) believes that Nigeria should work hard to deepen her democratic process ahead of the 2023 general elections.