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Dele Momodu Regrets Spending ₦50M on PDP Nomination Form, Criticizes Monetized Politics
Dele Momodu, the publisher of Ovation Magazine and former 2022 presidential aspirant under the Peoples Democratic Party (PDP), has expressed regret over spending approximately ₦50 million on the party’s presidential nomination form.
Speaking in an interview on Eden Oasis, Momodu described the 2022 PDP primary as heavily monetized and revealed that one of the candidates distributed $30,000 to each of the 774 delegates who voted during the election.
Reflecting on the influence of money in Nigerian politics, Momodu lamented the difficulty of competing with wealthy candidates.
He stated that he would only consider running for president again if there is a consensus among key political figures who believe he is the best person for the role. “Experience is the best teacher,” he said, adding that unless a major party adopts him as a consensus candidate, he would not pursue another run.
Momodu also emphasized the financial power wielded by some politicians, noting that they are able to distribute huge sums of money with ease, making it nearly impossible for candidates without vast financial resources to compete.
He described Nigeria’s political process as being driven by money, which he believes is often untraceable and hidden outside the banking system.
Despite his loss in the 2022 primary, where he did not secure any votes, Momodu remains vocal about the state of Nigerian politics and the impact of money on elections.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
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