Maduka criticized the culture of throwing money at parties and flaunting riches.
Billionaire businessman, Dr. Cosmas Maduka has kicked against showy display of wealth on social media.
This is as he condemned the growing trend of using the slang “money na water” to justify reckless spending and public display of wealth.
While speaking at a public fora, Maduka criticized the culture of throwing money at parties and flaunting riches, describing it as a “de@d value system” that corrupts societal morals and misguides the younger generation.
“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" he said.
Watch a video of him speaking below