KINGSLEY Moghalu, former Deputy Governor of the Central Bank of Nigeria, says there’s nothing to celebrate over the merger of several political parties bidding to wrestle power from the ruling All Progressives Congress (APC).

Moghalu, who is also running for the post of the president in the 2019 general election, said a similar merger in 2015 gave birth to APC, a party now targeted for  emasculation.

He insists nothing new can come from the same old politicians who are responsible for the current state of Nigeria.

“The shifting allegiances of the same old faces and the same old career politicians will mean the same old problems for Nigeria,” Moghalu said in a statement on Tuesday.

“Our long-suffering masses now need something new, something different, and something bold if we have truly learnt the lessons of 2015.

“Remember: another coalition brought the APC into the presidency.”

Muoghalu said Nigeria is in need of true change from the status quo and “a regrouping of the booted out PDP and members of the failed APC will not achieve that.”

“The politicians have always won. It is time for the people to win in 2019!” Moghalu stated.

On Monday, 38 opposition political parties and the breakaway faction of the APC, known as the Reformed All Progressive Congress (R-APC), signed a Memorandum of Understanding to contest the 2019 general elections under one platform to be called the Coalition of United Political Parties (CUPP).

This is in an attempt to unseat President Muhammadu Buhari and the ruling APC.

The parties that signed the MOU include the Peoples Democratic Party (PDP), Social Democratic Party (SDP), Labour Party (LP), Progressives Peoples Alliance and African Democratic Congress (ADC).

“CUPP is determined to replace the present day APC federal government with a new and acceptable national unity government in 2019,” said Tom Ikimi, a chieftain of the PDP.

“The parties shall work together in support of a single presidential candidate to contest the 2019 presidential election, in order to successfully dethrone and enthrone a true democrat who will salvage the nation from the misrule of the APC government.”