Nigerian businessman and founder of Coscharis Group, Dr. Cosmas Maduka, has condemned the growing trend of using the slang “money na water” to justify reckless spending and public display of wealth.

In a passionate statement, Maduka criticized the culture of throwing money at parties and flaunting riches, describing it as a “de@d value system” that corr¥pts societal morals and misguides the younger generation.

“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,” Maduka stated. “When I attend a function and people start throwing money in the air, I quietly walk away. This madness must stop.”

The billionaire businessman lamented that modesty and humility, traits once associated with true wealth have been replaced by showiness and noise. He stressed that real money inspires humility, not arrogance, adding that the glorification of such wasteful behavior should be rejected, not celebrated.

“When we were growing up, rich people didn’t make noise. All these people making noise today never made real money,” he said. “We’ve embraced a deadly culture and are now passing it on to our children. That’s not how to build a value-driven society.”

Maduka urged Nigerians to desist from celebrating ostentatious spending, saying the “money na water” mindset erodes discipline, hard work, and moral integrity.