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COSCHARIS GROUP PRESIDENT, COSMAS MADUKA, LOSES WIFE.

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3 years ago

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Vice Chairman of the Coscahris Group, and wife of Dr. Cosmas Maduka, is dead. She died at about 8.pm on Saturday, November 29, 2021, in Umudim-Nkwa, Nnewi.
Family sources disclosed that Mrs. Maduka had earlier in the day accompanied her husband to the Michael Okpara University of Agriculture Umudike, Abia state, where he received an honorary degree, but started “feeling uncomfortable” shortly after arriving their country home in Nnewi.
Mrs. Charity Maduka {nee Ikedife of Umuenem, Otolo, Nnewi}, played a vital role in the growth of Coscharis –  a name coined from her husband’s firs name, ‘Cosmas,’ and hers ‘Charity.’
Here is what her husband, Dr. Cosmas Maduka, had to say about her in my exclusive interview with him published the SUNDAY SUN of August 25, 2019:
“My wife has been very helpful and instrumental to my success. For instance, somebody who came to our wedding gave us a weighing scale. One day, things got so hard that I took it to the market and got people to weigh themselves for a fee. I was collecting 10 Kobo from each customer. I came back with some money and my wife wanted to know what I did, and I told her. She cried like a little baby. Later, to support me, she dusted her certificate and got a job where they were paying her N85. She would bring the money every month to keep us going and we did that until things got better again for me…
“When you see the name Coscharis, it means Cosmas and Charity.
So, we own the company together, because we built it together. She married me when I was driving a motorbike. She came to me when I had nothing. So, whatever I make today, she is my first employee and whenever I went to Japan, she stayed in the shop. Whenever I sent a consignment of goods, she sold it and when I returned, I would collect the cash and take a flight the next day back to Japan. Later, her elder sister joined her and that was how we built this company.
“She did that and she was very helpful and instrumental to the growth of the business. I am good at working hard and making money, but she is good at administering and making sure we keep the money well, even though I would say I taught her some of those things. This is because those days when things were hard for us, I used to ask her to give me a list when it was time to give her money to cook soup.
“I never gave her money without seeing her list. When she returned the week after for money for another soup, I would say ‘write another list.’ Then, I would bring out the former list to compare with the new one. And, if I saw a bottle of palm oil, I would ask, ‘you bought oil last week, why are you writing oil again?’ Then she would ask me if oil had become Coca-Cola that she could drink. That was the level of poverty and training. But she had learnt from all of those things, and today she can sign a cheque of N10 billion and her credit card has no limit.”

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Society

Just In: Dr Doyin Okupe Is Dead

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3 days ago

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March 7, 2025

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Dr. Doyin Okupe, a prominent Nigerian physician, politician, and former presidential aide, has died.

 

He passed away at the age of 72.

 

According to sources close to the family, Dr. Okupe had been critically ill in the weeks leading up to his demise.

 

His health had reportedly deteriorated significantly, prompting concern among his loved ones and supporters.

 

A reliable source confirmed that his death was linked to cancer, marking the end of a long struggle with the illness.

 

 

It was reported  in October 2023 that Okupe was hospitalized with prostate cancer and was flown to Israel for treatment.

 

However, it was learnt that his condition did not improve as he and his family expected.

 

Okupe was first diagnosed with prostate cancer 16 years ago and later developed sarcoma in his right shoulder.

 

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Society

Alleged $340,000 Fraud:  Court Adjourns Mercy Chinwo’s Ex-Manager’s Case till May 14

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3 days ago

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March 7, 2025

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Justice A.O. Owoeye of the Federal High Court, Ikoyi, Lagos, has adjourned the alleged $340,000 fraud case involving Ezekiel ThankGod, former manager of gospel artiste, Mercy Chinwo till May 14, 2025 for hearing.

 

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC had filed a three-count charge against him bordering on money laundering and dishonest conversion to the tune of $340,000.

 

One of the counts reads: “That you, EZEKIEL ONYEDIKACHUKWU THANKGOD and EEZEE GLOBAL CONCEPTS LIMITED sometime in 2023, directly retained the sum of $260,494 (Two Hundred and Sixty Thousand Four Hundred and Ninety-Four USD) in EEZEE GLOBAL MINISTRY Zenith Bank Plc account number, which sum you reasonably ought to have known forms part of the proceeds of an unlawful activity, the dishonest conversion of the said sum, property of Mercy Chinwo and Judith Kanayo.”

 

The offence is contrary to Section 18(2)(d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.

 

He was to have been arraigned alongside his company, Eezee Global Concepts Limited, on February 17, 2025 but his absence stalled his trial. The court had also issued a bench warrant for his arrest and ordered him to appear in court today March 6, 2025 either by the subsisting bench warrant or production by his counsel.

 

His counsel, Dr. Monday Ubani, SAN had also assured that he will be in court on the adjourned date.

 

At the resumed sitting on Thursday, prosecuting counsel, Bilkisu Buhari informed the court of the prosecution’s readiness to arraign the defendant who was present in court.

 

“The matter is for arraignment and subject to the court’s overriding convenience, we are ready to commence,” she said.

 

Justice Owoeye, however, held that: “There is an administrative procedure on this matter and I cannot proceed until the determination of the procedure.”

 

The case was thereafter adjourned till May 14, 2025 for hearing.

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Society

Court Dismisses Businessman, Funtua’s Suit Seeking To Stop EFCC’s Probe Over Alleged Fraud

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3 days ago

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March 6, 2025

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A Federal High Court in Abuja and presided over by Justice Emeka Nwite has thrown out a suit seeking to compel the Attorney General of the Federation and Minister of Justice, AGF, Mr Lateef Fagbemi, SAN, to stop the Economic and Financial Crimes Commission, EFCC, from investigating allegations of fraud and economic crimes allegedly committed by a businessman, Abu Samaila Isa Funtua.

The presiding judge dismissed the case on Monday, February 24, 2025 on the ground that the request of the businessman lacked merit and substance.

 

Delivering judgment in a fundamental rights enforcement suit against AGF and EFCC, Justice Nwite held that AGF has enormous power to take over proceedings in criminal matters but held that such enormous powers are not at large.

Justice Nwite said that under Section 43 of EFCC Act 2004, the anti-graft agency was not under any obligation to take advice from any ministry or agency to drop its statutory powers to initiate investigation into any alleged economic crimes.

The businessman had in his suit marked FHC/ABJ/CS/2024 sued the AGF and EFCC complaining of unlawful investigation into some business transactions involving him and others.

He alleged that EFCC was biased and mischievous in the ways and manners he was being investigated.

Specifically, Funtua alleged that EFCC was acting the script of his business adversaries to cause investigation against him without telling him the nature of his offence or show any petition against him.

Funtua subsequently asked Justice Nwite to issue an order of mandamus against the AGF to order EFCC to drop the investigation and direct any other security agency of the federal government to take over the investigation.

However, in his judgment, Justice Nwite held that Section 174 (3) of the 1999 Constitution upon which the case was predicated did not confer any power on the AGF to nominate any agency to conduct investigation into economic crimes or financial breaches.

The judge held that in the exercise of its statutory duties, the EFCC was not under any obligation to obey directives from any ministry or government department.

Justice Nwite said that Section 43 of the EFCC Act 2004, has no ambiguity to the fact that the anti-graft agency shall have powers to initiate investigation into alleged economic crimes and initiate prosecution of those indicted in the process.

He subsequently dismissed the suit for want of merit and substance.

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