Billionaire businessman Cosmas Maduka has stirred reactions online after openly criticizing the popular slang “money na water” often used by nightlife promoter Cubana Chiefpriest. The founder of Coscharis Group made it clear that the phrase does not reflect the mindset of truly wealthy individuals. According to him, he has never heard top Nigerian billionaires like Tony Elumelu or Femi Otedola use such a phrase, and he personally never would.
Speaking strongly against the growing culture of public money displays, Cosmas Maduka said that anytime people begin throwing cash around at events, he quietly walks away. To him, such displays are not a symbol of true wealth but rather a “dead value system” that promotes recklessness and influences young people in the wrong way.
He warned that this kind of behavior, which is often glorified on social media, glamorizes vanity and quick gratification. He explained that true wealth should not make a person arrogant or loud. Instead, it should inspire humility, responsibility, and quiet impact. For Maduka, flaunting wealth does not define success; building value and contributing to society does.
The billionaire also pointed out that many wealthy people from older generations never felt the need to make a spectacle of their riches. He believes that those who constantly flaunt money might not have earned it through meaningful or sustainable means. His comments come at a time when social media is filled with clips of celebrities and influencers casually spraying bundles of cash at parties.
Maduka’s statement has since gone viral, sparking heated debates online. While some Nigerians agree with his stance, others argue that people should be free to spend their money however they wish. Still, his words add to the growing conversation about wealth, values, and the culture of public display in Nigeria.
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