Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has raised an alarm, claiming that democracy in Nigeria has a bleak future. Moghalu said this will be the case if the Independent National Electoral Commission, INEC, is not truly independent, and if electronic transmission and collation of election results is not made mandatory. The former Deputy Governor made this known in a post on his X handle on Saturday, stressing that elections will simply remain a charade and a path to state capture unless INEC becomes independent. He said: “Democracy in Nigeria has a bleak f…