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Kingsley Moghalu Denies Being Labour Party Candidate In Anambra Election.
Former Deputy Governor of the Central Bank of Nigeria (CBN) and ex-presidential aspirant, Kingsley Moghalu, has clarified that he was not the Labour Party candidate in the recently concluded Anambra State governorship election.....KINDLY READ THE FULL STORY HERE▶
In a statement shared on X on Tuesday, Moghalu expressed concern over media reports that incorrectly identified him as the party’s candidate and, in some instances, used his photograph alongside the coverage.
Describing the reports as inaccurate, Moghalu explained that there was confusion between him and George Moghalu, who was the actual Labour Party candidate in the election.
He stated, “I am distressed to have seen several news reports citing ‘Kingsley Moghalu’ as the Labour Party candidate in this election, with some running my photograph alongside the articles. These reports are false, unfortunate, and appear to stem from lazy reporting, as they have conflated me with Chief George Moghalu, the actual candidate.”
Moghalu further emphasized that he is not affiliated with any political party and did not contest in the Anambra governorship election held on November 8, 2025. He noted that he stepped away from partisan politics in September 2022, prior to the 2023 presidential election, and that he was the Young Progressives Party (YPP) presidential candidate in 2019.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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