Veteran journalist and politician Dele Momodu has revealed that a former presidential candidate allegedly spent $23.2 million to secure delegate votes during the 2023 elections.
According to Momodu, each 774 delegates received $30,000, a revelation that underscores the monetisation of Nigeria’s political process.
Speaking on the Key to Keys podcast, the former Peoples Democratic Party (PDP) aspirant dismissed any chances of contesting in 2027, citing the overwhelming influence of money in politics.
“Experience is the best teacher,” he stated. “Unless a major political party adopts me through a consensus, I can’t compete with those who monetise the system.”
Reflecting on his personal experience, Momodu disclosed he spent ₦50 million on his presidential bid without securing a single vote.
“I could have bought a property with that money. It was a waste because everything was monetised,” he lamented.
Highlighting the scale of corruption, Momodu described the financial muscle of top candidates as “unbeatable.”
He alleged that some politicians possess vast amounts of untraceable cash, particularly those benefitting from oil wealth. “There is no country in the world where people control raw cash like Nigeria,” he said.
Momodu also criticised the unchecked power of certain political elites, referring to them as “principalities” controlling Nigeria’s political landscape.
Despite these challenges, he remains unbothered by his past losses but emphasises the need for systemic reform.
The revelations have reignited debates about the role of money in Nigeria’s elections and the urgent need for electoral reform.
SUBSCRIBE TO OUR NEWSLETTER NOW
Support MATAZ ARISING’ journalism of integrity and credibility.
Good journalism ensure the possibility of a good society, an accountable democracy, and a transparent government.
We ask you to consider making a modest support to this noble endeavour.
TEXT AD: To advertise here – Email ad@matazarising.com
-
WAEC appoints Nigeria’s Dangut as new registrar, CEO
MaTaZ ArIsInGDallas, Texas The West African Examinations Council, WAEC, has appointed Dr Amos Josiah Dangut as its new Registrar and Chief Executive Officer. By Elizabeth Osayande Dangut served as Head of the Nigeria National Office from October 2023 until September 2026. In a statement on Thursday by the Head of Public Affairs, WAEC Headquarters, Accra,…
-
US: ‘Should be easy to do’, Trump reacts to Christa Pike’s failed execution
MaTaZ ArIsInGDallas, Texas United States President, Donald Trump, has questioned how Christa Pike’s execution by lethal injection could have failed, saying the process should not be difficult to carry out. Tribune Online reports that Pike, 50, survived two rounds of lethal injection in Tennessee, making her the first person known to survive that method of…
-
Canada to set new targets for immigrants, temporary residents
MaTaZ ArIsInGDallas, Texas Canada is expected to announce new immigration targets for permanent residents and temporary residents when it unveils its Immigration Levels Plan for 2027–2029 in early November. The plan will cover permanent resident admissions as well as temporary resident arrivals, including international students and temporary foreign workers, with the figures expected to shape…
