How This Man Built One of Nigeria’s Foremost Automobile Dealership Companies – Coscharis Motors

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Cosmas Maduabuchukwu Maduka is the founder of the famous Coscharis motors, one of the lease company for modern auto parts and distributor of several brands of luxurious cars including Range Rover, Jaguar and Ford in Nigeria. Cosmas was honoured by the former president of Nigeria, president Goodluck Jonathan with the National Honours of the Commander of the Order of the Niger (CON) in Nigeria.

In 2003, Cosmas Maduka was awarded Doctor of Business Administration (PhD) by the University of Nigeria Nssuka (UNN). In 2012, was inducted into the Harvard Business School Alumni after a successful completion of an Executive Educational Program. The Nigerian Table Tennis Federation was headed by Cosmas Maduka for 16 years as the president. During his tenure as the president, he led the Nigerian Team to Olympic Games in which Nigeria led Africa in most of the events. Cosmas is a board member in several companies and organisations. He was the Director of Access Bank plc. from 2000-2012 (12 years) .

Personal Life

Cosmas Maduka was born on the 24th of December, 1958 into the family of Mr. Peter and Mrs. Rose Maduka in the city of Jos but hails from Nnewi in Anambra state. Cosmas is married to Mrs. Charity Maduka with Five children. Life is not always a bed of rosaries. We only succeed when we keep trying. At the age of 4, he lost his father and at the age of 7, he was withdrawn from primary 3 as a result of lack of resources. He joined his mother in raising money for the family by hawking beans cakes “Akara”. When things became worst for the family, he went to live with his grandmother.

According to Maduka, he enjoys playing and watching football. He loves cars and motorcycle and hence, made his family members fall in love with it.

Business Career

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In 1970, Cosmas joined his uncle in Lagos and served as an apprentice in his uncle’s auto shop. Although the his uncle had no house and  slept at his friend’s place, Cosmas had to sleep in the shop.

Cosmas Maduka is known for his christian faith including listening to inspirational messages by William Branham. According to him, he gave his life to christ early in life and he received a tremendous positive impact on his life.

Cosmas Maduka entered into business at the age of 17 after he was dismissed from apprentice by his uncle because he went to church program without coming to work. Doing the right thing at the wrong time. He was settled with the sum of#200 from which his uncle asked him to continue with church. Cosmas started a joint business (Maduka Brothers) with his brother which folded due to some misunderstanding and they parted ways. He made additional#100 from the business with his brother before it folded. Cosmas also ventured into another joint business with his friend Dave (CosDave) but it failed too.

Coscharis was formed from his name Cosmas and that of his wife Charity. He became the sole proprietor of Coscharis, buying and selling motorcycle spare parts from Boulus Enterprises. He scratches the address of the product so nobody would be able to trace his source and divert. As his capital rose, he tried to import goods but fell into wrong hands and was back to the ground. No matter how many times he failed, he still stood up, that is a business man spirit. He kept struggling. He got a scale which was among his wedding gifts and used it as an asset. He made 10 kobo from anyone who climbs the scale to check their weight. His wife also got a job to support the family. Gradually, he saved up another capital for his business.

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According to Cosmas, his business success was affiliated with the Japanese. His close contact, commitment, humility, precision and hard work also contributed to his business success.

In 1982, when the Nigerian government granted ten motor companies import license, Coscharis was selected. This was a major business breakthrough for Coscharis. In 1983, Coscharis group became a legal entity that deals in importation of Japanese automobile spare parts and related auto products.

Coscharis ultramodern complex was commissioned at Victoria Island, Lagos in 1987 and in 1999 his company completed a state of art ultramodern sales and showroom in Maza maza, Lagos which was commissioned by the former Vice president of Nigeria, Alhaji Atiku Abubakar. In 2000, another sales and showroom were commissioned in the Central Business District in Abuja and it also diversified into sales of American car brands in 2001.

In 2015, Coscharis secured the right of being the sole distributor of the BMW and the first company in Nigeria to build an Assembly plant for Ford Ranger. He also worn the Auto Brand of the year in Ghana’s marketing World Awards.

Coscharis partnered with reputable companies and banks including Access bank, Stanbic IBTC, Epe spa and Resort centre.

Achievements

Today, the Coscharis group is present in Cote D’ivoire, Gabon, Ghana and has more than 26 branches in Nigeria. It’s operations are in the major sectors of the economy including Agriculture, Automobile, Engineering, Food and Beverages, Information Technology and medical line. Coscharis Technology Ltd plays a big role within the ICT sector representing the various global brands in Nigeria. In the medical sector, Coscharis contribution to Biotechnology is a notable one. Likewise Food and Beverage production.

Furthermore, the diversification of business ideas made Coscharis enter into private and public initiatives of engaging in Agricultural sector of the economy with the establishment of Coscharis farms Ltd with the aim of becoming one of the largest rice producing company in Nigeria in the future to come. In 2016, Anambra State government approved 5,000 hectares of land for Coscharis farms for the cultivation of rice. On the other end, the project will provide 3000 jobs upon completion, thereby reducing unemployment. Recently, Coscharis group was rated among the top 50 brands in Nigeria.

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In the manufacturing sector, Coscharis undertook the bottling and distribution of sachet and table water through Coscharis Beverages Ltd in 2002.

Coscharis group is a conglomerate with a net worth of over $500 million with diverse business interest in manufacturing, ICT, petrochemical, Auto components, Auto care, Automobile sales and services, Engineering, medical, Agric and Agro Allied business.

The Coscharis story is a must read for the up coming youth in business. Cosmas Maduka has passion for business and kept his head high to achieve success in business as he desired against all odds.

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About The Writer : This was written by Chiamaka Uduezue,  content contributor at MyAfribusiness.com. She is a graduate of Environmental Management and enjoys learning new things and sharing knowledge with others.

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