Chief Dele Momodu, founder of Ovation International, has stated that he has no intentions of running for any political office.

He expressed disappointment in the amount of money spent on purchasing nomination forms, only to end up with zero votes.

During a recent interview, Momodu revealed that during the 2023 presidential election, he spent N50 million on a presidential nomination form and received no votes.

He pointed out that the entire election process had become monetized, adding that there are principalities that control Nigeria.

Momodu explained that he could not compete with individuals who were willing to pay $30,000 to each of the 774 delegates and even more.

As he approaches his 65th birthday, he mentioned that he is contemplating steeping back from politics.

He said, “Eexperience is the best teacher. I have come to realise that there are powers you can describe as principalities that control Nigeria and unless a major political party decides to adopt me, where you have a consensus of people who will say Dele Momodu is best suited to change and to lead Nigeria, then I can consider it.

But if I will have to pick my money to go and buy a presidential nomination form of about N100 million, the last one I spent about N50 million buying the form. N50 million would have bought me a property and it was a waste. Not even one vote. Everything was monetized. One of the candidates paid as high as $30,000 per delegate and we had 774 delegates.

So, how do you want to compete with them? They’ve stolen the country blind and they are doing all kinds of deals to make money. Especially those in the oil-rich areas. You can’t compete with them.

That’s why they insult Nigerians anyhow because of the amount of money available to them in raw cash. There is no country in the world where people can throw raw cash like Nigeria.

The bulk of their money is not in any bank. So, they are not traceable to any bank. They have the money. If today you say to a politician you need $500 million to become president, they will find it. People like us, where do I start from? I’m not bothered; I’ve almost given up. I will be 65 on my next birthday.

I may look and feel young, but the truth is I’m an old man. Chief MKO Abiola and my father died before he was 61, that scares me every day. We are all living on borrowed time. So, why do we want to kill ourselves about politics?”

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