Coscharis Founder Expresses Regret Over Missed Flutterwave Investment
Dr. Cosmas Maduka, the founder and chairman of Coscharis Group, has publicly expressed his deep regret for missing the opportunity to invest in the fintech giant Flutterwave during its early stages. Speaking at the company's prestigious 10th anniversary Gala Night held at The Delborough Lagos, Maduka lamented how the chance to back what has become Africa's largest and globally recognized fintech platform passed him by.
"How Did You People Bypass Me?"
"The only thing that surprises me is how did you people bypass me?" Maduka questioned during his emotional address. "There was no opportunity to tell me; Uncle, can we put money together? I don't like good things passing me by." The business magnate described Flutterwave's remarkable journey as a celebration of "clear thought and clear mindset," emphasizing that the company's success demonstrates the immense intellectual and entrepreneurial capacity of Nigerians despite the country's persistent challenges.
Praise for Leadership and Economic Foundations
Maduka specifically praised former President Olusegun Obasanjo for laying what he called the crucial economic foundation that enabled private enterprise to thrive in Nigeria. "Leaders set the foundation and give people opportunity," he stated. "Once that opportunity exists, Nigerians will prove that there is no limitation to what we can achieve." He argued that leadership should primarily focus on creating environments where citizens can excel and showcase their talents on global platforms.
Personal Story of Resilience and Patriotism
Drawing from his own life experiences, Maduka reinforced his message of resilience and national commitment. He recounted losing his father at a young age and being unable to pursue formal education beyond primary level, yet building one of Nigeria's most successful business conglomerates. "To be a true Nigerian, you must share in her shame and glory," he declared, explaining how he once resisted pressure to remain abroad and instead chose to return home to build his business in Nigeria.
This decision ultimately paid off as his business expanded internationally, including acquisitions in Japan where, according to him, Nigerians now employ expatriates. Maduka called on young Nigerians to remain patient and committed to nation-building, pointing to Flutterwave's decade-long journey as concrete proof that innovation can reposition Nigeria positively on the global map.
Entrepreneurial Advice for Nigerian Youth
Turning to entrepreneurship, the seasoned business leader cautioned young people against overreliance on paid employment, stressing that salaries alone cannot guarantee long-term prosperity. "Salary is medicine for poverty; it does not cure it," he stated emphatically. He urged Nigerian youths to discover their unique talents and build value-driven enterprises capable of generating sustainable wealth and creating jobs for others.
Commendation for Flutterwave's Global Impact
Maduka specifically commended Flutterwave's founder and Chief Executive Officer, Olugbenga Agboola, for placing Nigeria in a positive global spotlight at a time when negative narratives often dominate international discourse about the country. "You don't quarrel with results; they speak for themselves," he noted, arguing that tangible achievements like Flutterwave's growth effectively silence critics and change perceptions.
Appreciation for Institutional Support
The business leader also applauded Lagos State Governor Babajide Sanwo-Olu for supporting initiatives that promote job creation and innovation, noting that events celebrating enterprise and technology deserve strong institutional backing. The Gala Night itself attracted prominent political leaders, captains of industry, and entertainment figures from across Africa, all gathering to commemorate Flutterwave's remarkable 10 years of operations in the competitive fintech sector.
Maduka's reflections highlight both the missed opportunities and tremendous potential within Nigeria's business landscape, serving as both a cautionary tale and inspirational message for current and aspiring entrepreneurs across the continent.
