Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has defected to the Action Democratic Congress (ADC).
Moghalu declared for the ADC on Friday, after leaving his former party, the Young Progressives Party (YPP) where he contested the 2019 presidential election.
This development is coming four months after he declared his intention to run for the presidency in 2023.
Recall that in June 2021, Moghalu had announced his intention to contest for the 2023 elections.
He had contested as the presidential candidate of the YPP in 2019 alongside President Muhammadu Buhari of the All Progressives Congress (APC), Atiku Abubakar of the Peoples Democratic Party (PDP) and others.
Moghalu lost to incumbent President Buhari, finishing 14th on the election log with just 26,039 to Buhari’s 15.1 million votes.
In a video shared on Facebook by ADC, on Friday, Moghalu spoke about his plans to build Nigeria and tackle other issues.
In a statement, titled, 2023: “I Will Run Because the People Matter”, Moghalu said, “There is no hope out of our troubles until Nigeria faces the leadership question and looks for capacity, competence, and a compassionate heart for the suffering poor.
Speaking on his agenda for Nigeria, Moghalu promised an inclusive government that is ready to tackle insecurity, ensure accelerated education and health reform, and wage war against poverty, through an innovative economy, if elected.