I don’t regard anyone as my competitor. That was just what my mother told me that there was something about me.”, As a successful entrepreneur, Maduka now identifies with children who hawk on the street. He served as a Director in Access Bank Plc., one of the leading banks in Nigeria for 12 years from 2000–2012. “Rolls Royce doesn’t compete with other brands. What did Dr. Cosmas Maduka’s company sign off to? For some other people, luxury is a class, it is a status, a limited group where somebody will desire to belong. A devout Catholic woman, his mother has become a critical reference point in his entrepreneurial journey. After the death of his father, fate would thrust on the shoulders of little Maduka the duty to support his mother to fend for their family of five – his two brothers, a sister, mother and himself. Her hair unkempt. Rolls Royce is not a cheap brand. His hallmark is a ‘Jesus is Lord’ brooch that he wears and has over the years become synonymous with his style. Coscharis Vehicle Finance Scheme (VFS) ... Dr.Cosmas Maduka Reveals his Hidden Biz Secret. More than six decades ago when he was born, perhaps Maduka never knew he would one day have to recount his life story to the world. Our appointment was booked for midday that sunny Monday in September. Cosmas Maduka (born December 24, 1958) CON is a Nigerian businessman and philanthropist, the Founder, President and Chairman of the Coscharis Group, an indigenous conglomerate with diverse interest in Manufacturing, ICT, Petrochemical, Auto care and Auto Components, Automobile Sales and Services, Agric and Agro Allied business sectors. They made their requests which include building a workshop to German standard. Cosmos Maduka was among the few persons honoured by President Goodluck Jonathan with the National Honours of the Commander of the Order of the Niger (CON) in 2012. If you made an investment of N400 million in a car you don’t intend to change it every year. They will tell me ‘no’ but I will respond: ‘my mother said you cannot say no to me’. I was able to convince them. There is a kind of confidence that comes when you do things right. That was my postgraduate education. “Before took over the Rolls Royce brand, we did a survey because we were surprised that Nigeria has over 400 car parks of Roll Royce. But this was not to be. Those who know the value buy it.”. One of the things on his list was to have his first son by 21 or 22 so that when he clocked 40, people would think his son is his brother. If we think differently, you are not my competitor because our value systems will be different. The company also has interests in real estate, banking, technology, medical equipment, petrochemicals, elevators … One of our creative directors, Segun Adekanye, told him we may have to rearrange his large office for the photo shoot. Coscharis to assemble Renault cars from October. It was an accident car he bought from Mandilas which he fixed. LETICIA ONUZULIKE Deputy Branch Manager, Abuja EMAIL TELEPHONE. He feels bank loan isn’t something you require to grow a business that you do not understand. Maduka business breakthrough started in 1982, when the Nigeria government granted ten (10) motor companies import license, which Coscharis was selected. It was later he realized it was his father’s funeral. MOTORS. People were singing, and some others were shooting the gun. He only clothed me and fed me.”. It was as if his parents had a premonition that something was going to happen. Ever since then, his company has continued to grow sporadically, with several branches around Nigeria. People like me have worked hard, I have made a success if you did not drive Rolls Royce at 60 or 70 years old, will you drive it in the grave? That was in 1976. According to Maduka his early close contact with the Japanese made him develop the values of commitment, humility, precision and hard work which were fundamental to his success in business. He has been there, he empathizes with their plight. The things that motivate me are different. "We believe in doing it right the first time"-Dr. Cosmas Maduka. Published July 19, 2019 July 19, 2019. In this interview, FUNKE OSAE-BROWN, he talks about his life, growing his business to multi-billion-dollar empire and the African luxury industry. A video clip shows him preaching about the love of Jesus and telling his listeners his own personal story how he met Jesus about 46 years ago. After succeeding in selling motorcycle parts, he was able to increase his capital and ventured into motor spare parts, which nobody taught him. Cosmas Maduka. Nigerians react as billionaire car dealer Cosmas "Coscharis" Maduka is filmed preaching in the middle of the street (video) A video of Cosmas Maduka, CEO of Coscharis Motors, evangelizing in the middle of the street has surfaced online. The hearing further revealed that the controversial cars were originally purchased on behalf of the Lagos State Government for the 2012 18th National Sports Festival and later sold to NCAA. God for some reasons shut my wife’s womb. Read More. In this article we will get to know how he rose from being an automobile apprentice for his uncle to becoming one of … I was so good at it that I later began to do other Honda models. She told me people won’t believe in me unless I believe in myself. According to Maduka he gave his life to Jesus early in life and this had tremendous positive impact on his life, in addition to listening to inspiration talks by William Branham. Credible recognition came the way of the founder of Coscharis Group, Dr. Cosmas Maduka recently, when he was awarded on three different platforms in his capacity as an entrepreneur per excellence. It was exhilarating to come face to face with a man so much have been written about. With the poor and pitiable status of his family’s then finances, he was faced with no other choice … It isn’t just about the money, there is value created. The type of comfort you decide to drive.”, Cosmas Maduka: The Luxury Car Connoisseur, A New Book For The North From Pelu Awofeso, W15 Hanthana Kandy Estate Takes Luxury To New Levels, Day Arise Fashion Week Treated Media Personalities, Fashion Enthusiasts To Exclusive Pre-Event Brunch, Poem: The Jinx Breaker…For Steve Ayorinde At 47, Abolore Sobayo The Man Who Made Fela “Headless”, Breitling Will Not Attend Baselworld In 2020, Omega Releases New Seamaster Aqua Terra Ryder Cup Timepiece, Why Google Is Suddenly Obsessed With Your Photos, Here Is Why You Will Fall In Love At Ol Donyo. When he turns seven, his mother had financial difficulty. A video of Cosmas Maduka, CEO of Coscharis Motors, evangelizing in the middle of the street has surfaced online. What was I found strange is I looked at my mother confined to one corner of the wall. Cosmas Maduka was born in 1958, in Jos, Nigeria to Mr and Mrs Peter and Rose Maduka. Cosmas Maduka, 60, is the founder of Coscharis Group, one of Nigeria’s largest privately-owned conglomerates with businesses and interests that span across various sectors of … Cosmas was honoured by the former president of Nigeria, president Goodluck Jonathan with the National Honours of the Commander of the Order of … He sold motor spare parts successfully, and he was able to build the Coscharis Motors Plaza at Adeola Odeku Street Victoria Island without any automobile franchise. Maduka and his brother mounted a borrowed bike to answer the summon. They got the dealership for BMW. He established the Coscharis Motors in 1977, and made his first million at age 24. I could request for rice four or five times that day and I was served. I have a clear thought on where I want to be in life when I embraced Christ.”. COSMAS MADUKA CEO EMAIL TELEPHONE. The young Cosmas was born in 1958, to Mr. and Mrs. Peter and Rose Maduka in the cold city of Jos, North-Central Nigeria where his parents lived for a long time. A crowd was gathered in our house. Cosmas Maduka was born in 1958, in Jos, Nigeria to Mr and Mrs Peter and Rose Maduka. With the poor and pitiabl… JOSIAH SAMUEL Group Managing Director EMAIL TELEPHONE. There was no bathroom or window or toilet. Even in their model, each design last ten years or so before they change it. Coscharis Vehicle Finance Scheme (VFS) COSCHARIS MOTORS COMMENCES VEHICLE FINANCE SCHEME WITH STANBIC IBTC AND ACCESS BANK TO … I saw my father dressed in a black suit with a black bow tie with a white shirt lying down, looking lifeless.” That was the last he would see of his father. His father died when he was four years old. There are not many people who can buy a car of N400 million today. After I graduated in Sokoto, he brought me back to Lagos to have another work experience and then he opened another branch at Nnewi in Anambra State. “I can say I owned about $2 million before 25 years. Every car is an object but when you sit in a Rolls Royce, and the car enters a bump, you will not feel the same way when you sit in any other car. Maduka also served as the President/Chairman of the Nigerian Table Tennis Federation for 16 years during which Nigeria led Africa in all the events. With Maduka’s understanding of the Nigerian luxury industry, Rolls Royce brand has been doing well and Coscharis Motors has become that rallying point for the super-rich who are Rolls Royce collectors. Explaining further on this special offering, Cosmas Maduka Jnr. He said it was up to me what I want to do.”, I looked at my uncle and explained to him how faithfully I served him without stealing any money from him. There were masquerades too. Coscharis group CEO, Cosmas Maduka talks to CNN about growing his automotive business from the ground up. “My mother will fry Akara for me to go and sell in the morning, he says of his experience as a kid entrepreneur. Cosmas Maduka Jr is the son of Coscharis Founder, Cosmas Maduka. Km 32 Lekki - Epe Expressway, Awoyaya, Lagos, Nigeria. In 2012 was inducted as a Harvard Business School Alumni having completed an Executive Education Program. She convinced me that people like me that I am a likable fellow. The representatives from ASCN are Alhaji Abdulraheem Agunbiade (President) and Mr Jibola Alaga (Secretary). And so, Maduka had to learn the hard way by assisting his mother to sell Akara otherwise called bean cake. Obviously, he was a smart kid who did so many things way ahead of his time. By 2000, BMW sold the Landover to Ford Motors. User Interface & Content by iNspire. executive director, ownership services, Coscharis Group said, ‘’We guarantee top notch ownership service for all Ghost owners leveraging on the expertise of our Rolls-Royce certified technicians that will deliver the service with the right tools and original parts. He never knew the lifeless body of his father was being laid to eternal rest. In addition to other brands of cars … In the video, Mr Maduka is seen holding a bible in one hand and a microphone in the other as he preaches about Jesus in English. Dr Cosmas Maduka – President/CEO of Coscharis Group of companies in Nigeria Dr Maduka Cosmas is by far, one of the biggest investors in the Nigerian automotive industry till date. My father was rarely around while … “That was why that day was a memorable one for me because I ate all the rice I could, and people were kind to me, he narrated. After God created Adam and Eve in Genesis 1:26, the first word he spoke to them was to be fruitful. Cosmas Maduka’s big break finally came when in the same year 1982, the Nigerian government granted ten (10) motor companies import licences, and his Coscharis motors was selected. Cosmas Maduka was born in 1958, in Jos, Nigeria to Mr and Mrs Peter and Rose Maduka. We shared the information with Rolls Royce and they appointed us a dealer. [1], Learn how and when to remove this template message, "http://innovation-village.com/interview-forbes-africa-features-cosmas-maduka/", "How Ifeanyi Ubah Swindled Me of N21bn By Cosmas Maduka -THISDAY Newspaper | Sahara Reporters", "How Capital Oil Boss, Ifeanyi Uba, Defrauded Coscharis Motors Of N45 Billion – Pointblank News", "Dr Cosmas Maduka (Coscharis Group) Logbaby", "How An African Apprentice Made Over $500 Million Dollars From Just $1", "Cosmas Maduka: From Underage Apprentice to Multi-Billionaire", "Striking Revelations about Cosmas Maduka, the President of Coscharis Group", "Biography of Dr. Cosmas Maduka,Profile, Net worth,children", "Cosmas Maduka: Coscharis chairman covers Forbes Africa November 2015 edition", https://en.wikipedia.org/w/index.php?title=Cosmas_Maduka&oldid=985873743, Cleanup tagged articles with a reason field from May 2018, Wikipedia pages needing cleanup from May 2018, Creative Commons Attribution-ShareAlike License, This page was last edited on 28 October 2020, at 13:24. [15], In 2015, Cosmos Maduka appeared on Forbes Africa Cover as the man who turned $ dollar to $500million and during was featured in an exclusive interview of Forbes Africa TV Series “My Worst Day with Peace Hyde”.[16]. Nothing is impossible for me.”. Success goes like a wildfire. The representatives from ASCN are Alhaji Abdulraheem Agunbiade (President) and Mr Jibola Alaga (Secretary). Access More With Stanel is a three-day event which brings together thousands of young Nigerians for three days of empowerment, innovation & entertainment. In addition to other brands of cars such as Range Rover, Ford and Jaguar; he is sole distributor of BMW in Nigeria. A command on a potential, I have put something inside of you, bring it out. I told him, Uncle, you can do better than this. It is the comfort. A millionaire at 25, two friends invited him to invest N1 million in a company they formed called Ultimate Motor. She told me that people cannot say no to me unless I say no to myself. ABIONA BABARINDE General Manager, Marketing EMAIL TELEPHONE. Dr. Cosmas Maduka, CEO Board Of Directors Executive Management. When you pick a luxury product, you too will know the reason you are paying more money. Cosmas Maduka’s Japan. His personal assistant was working on a desktop computer when we arrived. I was asking myself: ‘wow what is going on in our house today?'”. “Quite many people were in our house, he recalls, it was very strange because it wasn’t a normal scene. With the poor and pitiable status of his family’s then finances, he was faced with no other choice than to start providing the very basics of life for himself. Dr. Cosmas Maduka is the founder, President/CEO of Coscharis Group. He was the second in a family with 4 children. It is like you are buying a house or building. Beside … When I did Honda, I moved on to Suzuki, Kawasaki and then general motorcycle spare parts.”. His office is enormous, one befitting of a chairman that sits atop a multi-billion-dollar conglomerate with diverse interest in Manufacturing, ICT, Petrochemical, Auto care, and Auto Components, Automobile Sales and Services, Agric and Agro Allied business sectors of the Nigerian economy. There are mechanisms in a Rolls Royce that absorbs the shock. [12] The Coscharis Group is rated one of the top 50 brands in Nigeria by Top 50 Brands Nigeria. It is important lawyer Femi Falana clearly lists Dr. Cosmas Maduka and his Coscharis motors as a co-defendant. In the video, Mr Maduka is seen holding a bible in one hand and a microphone in the other as he preaches about Jesus in English. Credible recognition came the way of the founder of Coscharis Group, Dr. Cosmas Maduka recently, when he was awarded on three different platforms in his capacity as an entrepreneur per excellence. Nigerians react as billionaire car dealer Cosmas "Coscharis" Maduka is filmed preaching in the middle of the street (video) A video of Cosmas Maduka, CEO of Coscharis Motors, evangelizing in the middle of the street has surfaced online. He started Coscharis Motors as a one-man business and over the years has transformed the organization into an indigenous conglomerate with diverse interest in Manufacturing, ICT, Petrochemical, Auto care and Auto Components, Automobile Sales and Services, Agric and Agro Allied business sectors of the Nigerian … The President and Chief Executive Officer of Coscharis Group, Dr Cosmas Maduka, had recently said the partnership would showcase another initiative from … His uncle didn’t find it funny he had to lock his shop because he was fasting. [8], Maduka formally ventured into business at the age of 17 after being wrongly dismissed with the sum of N200.00 by his uncle who had earlier engaged him as an automobile apprentice. His belief later costs him his apprenticeship with his uncle who terminated abruptly his contract with Maduka after he closed his store to attend fast and attend a religious meeting in the church. He knows what it feels to hustle at such a tender age. Yet there was no air of arrogance around him as he welcomed our crew to his office for a photo shoot and an interview. A few people have shown interest in the new Cullinan. You can travel in a car you can feel like your body has been punched. Read More. Before he turned 15, he wrote the things he wanted to achieve by ages 19, 20, 21, 22, 23, and 24. Sequel to Cosmas Maduka’s emergence as the winner of Ernst & Young Entrepreneur of the Year 2020 award for the West Africa region, he officially joined the “EY World Entrepreneur of the Year” Class of 2020 along with 46 other exceptional entrepreneurs from 41 countries across the globe. Maduka is well known in Nigeria for Cocharis Motors, a leading automobile sales and servicing company. 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