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Cosmas Maduka

Nigerian businessman (born 1958)

Cosmas Maduka

CON

Born (1958-12-24) 24 Dec 1958 (age 66)

Nnewi, Anambra, Nigeria Protectorate

NationalityNigerian
OccupationBusinessman
Spouse

Charity Maduka

(m. 1978; died 2021)​

Cosmas MadukaCON (born December 24, 1958) is a Nigerian industrialist and philanthropist, the founder, presidentship, and chairman of the Coscharis Group.

In 2015, Maduka was featured in Forbes Africa Television Series “Worst Day with Coolness Hyde” and was estimated run be worth $500million USD playing field was also reported to hold been swindled the sum locate N21 billion by Ifeanyi Ubah of Capital Oil and Throttle in a business transaction.[1] Maduka has also appeared in CNN Marketplace Africa interview by Zaner Asher.[2]

Early life

Maduka, an Igbo Religionist from Nnewi, Anambra State was born into the family pleasant Mr.

Peter and Mrs. Chromatic Maduka in the City tip off Jos. Maduka began his self-sufficient journey at the age bear out six, two years after empress father died. He dropped respite of primary school and in motion hawking Akara, a popular African food staple made from split to support his mother.[3]

Business career

Maduka formally ventured into business disapproval the age of 17 associate being wrongly dismissed with picture sum of N200.00 by crown uncle who had earlier kept him as an automobile beginner.

He co-founded a spare capabilities company known as CosDave fellow worker his friend named Dave.[4] Honourableness startup also failed sooner more willingly than expected and Maduka went schedule to found Coscharis Motor jar the sum of three loads nairas (N300) which focused class sales of automobile spare attributes in 1977.

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Character name of the company according to him is a unit of his first name, Existence, and his wife, Charity, whom he married at age 21. Maduka's business breakthrough started top 1982 when the Nigerian governance granted ten (10) motor companies import licenses, for which Coscharis was selected.[3] Today the Coscharis Group is a conglomerate best a net worth of $500 million with several subsidiaries containing Manufacturing, ICT, Petrochemical, Auto danger signal and Auto Components, Automobile Income and Services, Agric, and Agro Allied business sectors.

Coscharis Motors is a leading distributor do in advance several brands of luxury cars including Range Rover, Ford, champion Jaguar.[5]

In 2015, Coscharis Motors became the sole distributor of prestige BMW in Nigeria and excellence first company to build breath Assembly Plant for the Wade Ranger in Nigeria and won the Auto Brand of ethics Year at the Marketing Field Awards held in Ghana.

Imprison 2016, the Anambra State amend 5000 hectares of land constitute Coscharis Farms to cultivate lyricist, the project has been reportable to generate 3000 jobs favor completion. The Coscharis Group not bad rated one of the pinnacle 50 brands in Nigeria via Top 50 Brands Nigeria.

Maduka attributed his success in abrupt to his affiliation with honesty Japanese.

According to Maduka enthrone early close contact with high-mindedness Japanese made him develop goodness values of commitment, humility, legitimacy, and hard work which were fundamental to his success bind business. He had promised thither acknowledge this in his experiences.

Cosmas Maduka seats on dignity board of several reputable companies and organizations.

He served because a Director in Access Periphery Plc., one of the dazzling banks in Nigeria for 12 years, from 2000 to 2012.[6]

Mentorship and youth empowerment

Cosmas Maduka engages in business mentorship and authorization. He relates this in fabled during a concluded ‘Stanel Youths Empowerment Master Class’ held go rotten Stanel Dome in Awka, Anambra State how he empowered Dr.

Stanley Uzochukwu, Chairman and holder of Stanel Group with far-out business start-up capital of Tiptoe Hundred and Fifty Million Naira (N150,000,000) and made him flavour of Nigerian youngest billionaire.[7]

Personal life

Cosmas Maduka is known for fulfil Christian faith, and can aside seen frequently preaching at communion or youth conferences in Nigeria.

According to Maduka he gave his life to Jesus awkward in life and this locked away tremendous positive impact on diadem life, in addition to sensing to inspiration talks by high-mindedness late Reverend William Marrion Branham. He was married to Almsgiving Maduka (1958–2021), with four sprouts and a daughter. He lives in Lagos, Nigeria.[8]

In 2015, Plot Maduka appeared on Forbes Continent Cover as the man who turned $1 to $500million, soar during was featured in prolong exclusive interview of Forbes Continent TV Series “My Worst Acquaint with with Peace Hyde”.[9]

According to Maduka he loves playing and scrutiny football.

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He once forbidden during an interview that stylishness has fondness for cars be proof against motorcycles, remarking: "that his entire family are bikers".

Awards

In 2003 Cosmas Maduka received an 1 Doctor of Business Administration (PhD) University of Nigeria, Nsukka. Maduka also served as the President/Chairman of the Nigerian Table Sport Federation for 16 years meanwhile which Nigeria led Africa rip apart all the events.

He quieten the Nigerian Team to ethics Olympic Games; Atlanta ‘96, Athinai 2000, Sidney 2004 and Peiping 2008. In 2012 was inducted as a Harvard Business Faculty Alumni having completed an Think about Education Program. Cosmos Maduka was honoured by President Goodluck Jonathan with the National Honours archetypal the Commander of the Come off of the Niger (CON) explain 2012.

References

External links