No winner for $5 million African leadership award

[NewsCaster]

Justin Tallis / AFP - Getty ImagesSudan-born telecoms tycoon Mo Ibrahim, founder of the Mo Ibrahim Foundation, speaks at the announcement of the 2012 Ibrahim Prize for achievement in African Leadership in London on Monday.By NBC News staffThe Ibrahim Prize for good governance in Africa was not awarded for the third time in its six-year history, the BBC reported.

The $5 million award is meant to be given out annually to a democratically elected African leader who showed exceptional leadership, served only for a constitutionally-mandated term and left office during the last three years, according to the Mo Ibrahim Foundation.

As in 2009 and 2010, no candidate met all the criteria this year, the BBC said. Pedro Pires, former president of Cape Verde, won the prize last year, while Joaquim Chissano, former president of Mozambique, and Festus Mogae, former president of Botswana won in 2005 and 2008, respectively.

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[Folami David]

Does that mean we don't have a capable African Leader in Africa? They can as well cancel the award