Billionaire businessman and founder of the Coscharis Group, Cosmas Maduka expresses concern over the growing culture of public display of wealth and the act of throwing money at social events, describing it as a sign of moral decay in society.
Maduka said the trend reflects a distortion of values and poor upbringing, noting that genuine wealth is marked by humility rather than noise or extravagance.
Maduka slams flamboyant socialites
He lamented that many of those who engage in flamboyant displays have not made “real money,” adding that true success should inspire modesty.
According to him, the culture of spraying money at events and glorifying those who do so sends the wrong message to younger generations.
Dr Cosmas Maduka advises against excessive display of wealth
He urged Nigerians to reject such practices and instead uphold discipline, dignity, and respect for wealth earned through hard work.
Maduka stressed that the current generation has embraced a dangerous culture that celebrates excess and vanity, warning that it is gradually shaping the mindset of children and eroding traditional values of modesty and integrity.
It would be recalled that the catch phrase ‘Money na Water’ is typically attributed to the socialite, Cubana Chief Priest.
His words …
“Show me any wealthy man that has talked about ‘’money na water”. I’ve never heard Tony Elumelu say ‘money na water,’ I’ve never heard Femi Otedola say it, and I’ve never said it myself. When I attend a function and you start showing that madness of throwing money on people, I behave like I am going to the toilet. You will not see me again because these are the bad cultures and value systems that we have learnt.
When we were growing up, rich people didn’t make noise. All these people making noise today never made real money. If you make money, it makes you humble. It makes you keep quiet.
We’ve embraced a de@dly culture and we are using it to train our children. Those things should stop.’
You shouldn’t clap hands for people like that, you should resent it”
Watch video below …