Kingsley Moghalu

Moghalu Finally Resigns From ADC, Gives Reasons

Moghalu Finally Resigns From ADC, Gives Reasons

Kingsley Moghalu who has been identified as a former deputy governor of the Central Bank of Nigeria and also a former presidential candidate, has finally tenderes his resignation from the African Democratic Congress (ADC) political party.

He quit the party, which he joined last October, after losing the presidential ticket to the founder of Roots Television, Mr. Dumebi Kachikwu.

In a letter to ADC’s Chairman, Chief Okey Ralphs Nwosu, Moghalu said the presidential primary was fraught with inconsistencies.

Read Also: Moghalu Finally Reacts To Loss Of 2023 Presidential Ticket

“I am writing to hand in my resignation from my membership

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Crypto Ban In Nigeria: Moghalu Advises Buhari Govt

A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has criticised President Muhammadu Buhari’s government over the cryptocurrency ban by the apex bank.

Recall that CBN ordered banks and financial institutions in Nigeria to close the accounts of cryptocurrency traders.

CBN in its circular signed by Director of Banking Supervision, Bello Hassan, directed financial institutions to halt any transactions in crypto or to facilitate payments for crypto exchanges.

Reacting to the development, which Nigerians have greatly criticised, Moghalu in an interview on Channels Tv Sunday Politics, said the move was as though the Buhari-led administration is …