Moghalu has previously announced that he will participate in the 2023 election.

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Former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has joined the African Democratic Congress (ADC) ahead of the 2023 presidential election.

The 58-year-old had previously left the Young Progressive Party (YPP) after his underwhelming performance as a candidate in the 2019 presidential election.

He announced his new party on Friday, October 8, 2021 declaring his faith in the ability of Nigerian youths to re-engineer Nigeria's economy.

"I ask all my political supporters to join the ADC," he said.

 Moghalu has previously announced that he will participate in the 2023 election, running a four-point agenda code- named 'SWAG'.

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