Only Broke People Say ‘Money Na Water’” – Billionaire Cosmas Maduka Fires Back In Viral Video

Billionaire businessman and founder of Coscharis Group, Dr. Cosmas Maduka, has criticized the popular slang “money na water”, describing it as a reflection of a decaying value system that encourages wastefulness and moral decline in society.

Speaking at a recent public event, Maduka condemned the culture of lavish spending and spraying of money at parties, saying it promotes the wrong values among the youth and undermines the principles of true wealth.

He said:

“Show me any wealthy man who has ever said ‘money na water.’ I’ve never heard Tony Elumelu say it, I’ve never heard Femi Otedola say it, and I’ve never said it myself. Whenever I attend a function and people start that madness of throwing money, I quietly walk away. These are the bad cultural habits that we’ve picked up.”

Maduka stressed that true wealth comes with humility, not noise or flamboyance. He added that the current culture of public showmanship is misleading younger Nigerians.

“When we were growing up, rich people didn’t make noise. All these people making noise today never made real money. Real money makes you humble. We’ve embraced a destructive culture, and we’re passing it on to our children. It must stop. Don’t clap for people who do that—resent it,” he warned.