Speaking during an interview, Falana revealed that under the current Electoral Act, any Nigerian who wants to contest for president must have as much as N5 billion.
Yes, N5 billion.
According to him, this condition is not just difficult—it is almost impossible for the average Nigerian.
Falana did not hide his frustration as he explained how this requirement shuts the door on many capable and qualified citizens. From professors to lawyers, civil servants, and hardworking Nigerians, he believes the system is designed to keep them out.
In his words, the law favors only the rich and powerful.
He pointed out that while many young Nigerians are busy talking about electronic transmission of election results, they may be ignoring a bigger issue—one that silently decides who can even enter the race in the first place.
For Falana, this is not just a legal matter.
It is about fairness.
It is about democracy.
And it is about whether Nigeria truly gives everyone an equal chance to lead.
He also took a swipe at lawmakers, accusing members of the National Assembly of creating laws that protect elite interests instead of representing the people who voted them into power.
This revelation has already started generating reactions.
Many Nigerians are asking serious questions.
Is leadership now only for billionaires?
Can a country truly grow if only the rich can contest for power?
What happens to young, brilliant minds who have ideas but lack money?
These are questions that may not go away anytime soon.
As conversations continue, one thing is certain—this issue has touched a nerve, and Nigerians are paying attention.
What do you think about this?
Do you believe the N5 billion requirement is fair or unjust?
Drop your opinion in the comment section.
Share this with someone who needs to see this.
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Watch the full interview here: https://youtu.be/AS5RbmqfxEQ?si=bpb_Y0hAX-KePRw4
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— ThisDay Nigeria
