BETRAYAL OR FRAUD. COSMOS MADUKA VS IFEANYI UBA. PART 1

Coscharis Group/ Dr. Cosmas Maduka a self-made and successful Nigeria businessman with a credible global reputation and affiliation undertook a facility for the finance of Premium Motor Spirit on behalf of Capital Oil Ltd/Ifeanyi Uba after so much persuasion and plea for assistance by the later to enable him expand his business scope.
The relationship started off smoothly in May 2011 on six tranches until October 2011 when Capital Oil/Ifeanyi Uba reneged on his obligation by failing to comply to the dynamics of the business transaction on the 7th to 11th tranche.
Thereby leading to an unserviced debt portfolio of over N21billion in Coscharis' name as at date in view of Capital Oil/Ifeanyi Uba's non-settlement of the disbursed funds and the unknown status of the financed cargo.
Details are as captured in the video upload...
A VIDEO ON THE ONGOING CONTROVERSY BETWEEN COSMOS MADUKA & IFEANYI UBA. Recorded on AIT.

[@enyinnayaibekwe3255]

If you are here after the demise of Ifeanyi Uba, please like below to indicate.

[@Unique2023-]

Mr Cosmos is an excellent business man and extremely intelligent individual ✅

[@godsonnsofor1554]

Real business lesson bn taught freely . God bless you high chief maduka 💯

[@user-xu9re8ue6n]

Just learned so much things in this interview this man is a business man and intelligent.

[@ikbesttyres399]

The highest business man with brave man on earth I hv ever respect

[@kelvincrown4567]

"...what is important is what happens in you not what happens around you" wow!!!!

[@AFRICANLIFELESSONS]

Success is not an event, it is a process. 👍👍👍👍👍

[@edkure]

This man has a lot up there than he can dish out in one interview!

[@sethtimothy2155]

God judgement there's no appeal...... God has judge Ifeanyi in his own way ......COscharis chairman is saying the truth is written allover him, truth never hide

[@r3xongx]

This man shows pure integrity ❤

[@chidiugwu1745]

This man is business genius. He's a mentor extraordinaire

[@femihez4613]

Thank you Mr Maduka for building a good reputation for yourself as a successful business man. I will like you to tell the story and your experiences how you have managed COJA, CHOGM on the use of the BMW cars that were used. Thank you.

[@andyijegbai]

V learnt a lot from ds interview.this man may not be perfect but he is truthful.am an adult ifeanyi cant deny this.the greatest hurt we will ever receive will not come from the people afar.but from those we love and v help

[@joebarthnigeria6629]

Tortoise market, anaconda fight anaconda. They know business rules and set them aside when they want to cheat.

[@chineduchukwuma6391]

I just learnt so much in this short interview!🔥💪🏽👍🏽

[@sylvestereze6366]

no be only you o.... this is a business class on its own

[@yinkoos]

The manner of deception is classic, you fall victim to someone so close to you.Familiarity becomes the tool of deception.

[@anasobibensonperry2679]

Somebody who even the USA bank trust with millions of dollar and some people are her commenting rubbish, ifeanyi is a scam and frustrader

[@chimacharlse358]

I believe this man

[@druell4u]

the comments here are stupid, we blame the victim and cheer the culprit, the same mentality we have exuded which has left nigeria to degenerate to this point.

[@reelspilltv]

Thank you!!! No love for the victim. NIGERIANS LOVE AND ROMANCE THEIR OPPRESSORS!!!

[@chimyyoungdoc519]

That's was the mind set of most Nigerian youths ,,truthful people are not scared to come out, honest Nigerians are seen as the bad ones , while the unscrupulous people,the worst of the worst ,people without honour and principal are the ones being honoured and rewarded ,we are in a bad time in Nigeria

[@leonardkipkering106]

Ki O. K so in your opinion in this instance who's the victim and who's the culprit

[@RiggieJ]

He should have seen that he should not have given him the money when every bank he went to wouldn’t lend him any money. He ignored every sign that it was a bad idea

[@luthervictor7428]

It is called being your brother's keeper....

[@kormeneable]

Strongly disagree, let me ask, what if it went other way?

[@oib4463]

Cosmas already said it was a learning for him

[@linkso7166]

You're a good man sir

[@gozievictorosuchukwu8121]

Truly good name is better than riches, integrity matters in life, money will come as a clean man with clean records.

[@citytalkwithDJTOR3LL]

You can see he was defrauded by Ifeanyi 😩😩

[@mcdavidbuildingtech]

You are very factual with your statement that's why I can believe you , Ifeanyi Ubah seems to be a scammer

[@chijiokeokafor654]

michael olusegun david be careful about what u say about ifeanyi Ubah because u are not from Nnewi both men are from Nnewi so Uche GI di a.

[@zhonnio2386]

@@chijiokeokafor654 What does coming from Nnewi got to do with anything?

[@chimacharlse358]

Ifeanyi ubah actually scammed this man

[@somaadina8102]

​@@chijiokeokafor654 this is a very useless statement

[@papa-ugipedra2410]

I hope somebody should send some of the comments on how igbos help themselves to the called Arthur eze

[@oviebrume1491]

Now he is Dead....the wealth of the wicked can't be established...UBA it is well....may your soul rest in peace

[@dimchukwuma9930]

The Bible is always right.

[@nkechirichard2853]

Enduring success I just learnt from you today

[@joem551]

It's sad that all your businesses are in Lagos. Charity begins at home. Igbos like you never learn. Good bless you!

[@zhonnio2386]

Maybe you should reason through your comment first. Lagos is the commercial capital of Nigeria. Money from different parts of Nigeria built Lagos so different people make their money in Lagos.

[@thetruthsayer8347]

ZhonniBad don’t mind him. Some people comment like they fell on their head

[@la9496]

@@zhonnio2386 but I guess you guys don't hear when the owners of Lagos keep saying Igbos will leave Lagos for them right? Or get killed? Type Adeyinka grandson on KZbin and feast your ears. Truth only hurts..

[@zhonnio2386]

@@la9496 If anyone is asking another to leave Lagos, it is out of ignorance.

[@la9496]

@@zhonnio2386 I sincerely hope so

[@ogechukwuvincent3804]

Anambra men are rich that's all . School or no school

[@ajalahupfront]

Its not an event. Its a process.

[@IAO213]

There's no problem in making more money,he just fell for a Judas.

[@adewalesalau6494]

Betrayer and betrayer build on tribal sestiment

[@ezeabasilisomtosuccass769]

See as money is been mentioned,, men get money no cap

[@gbengafolajin8530]

Dr tribal sentiments put you through this

[@emmaedozieobieri7858]

International Trade 101

[@BrightIdahosa-lv3hl]

If you know the igbo's and have stayed with them, this is not new, this is how they strive.

[@joealade]

This is mind blowing..........

[@JulietHassan-lx8qv]

The same way he did not pay his domestic workers for 37-39 months 5 years back.when they try to make demand he yells at them that those that cannot wait until je has money should resign.some did and many remained hoping against hope up until his death.What he does is that in three month he pay 50k salary that after the period he owed them. In their very eyes he gives women girlfriends dollar and his co politicians monies and this poor innocent workers looked on.God rest his soul and forgive him of his wickedness to the poor.

[@chinedumaduka3940]

Are you for real?

[@scribemanjustice2028]

Ifeanyi Uba is dead at 52🙆

[@BiafranDube]

OGA COSMOS PLEASE TRY AND BUILD OUR UMUDIMNKWA ROAD IN YOUR OWN VILLAGE, IT'S VERY IRRITATING THAT MOST OF OUR PROMINENT MEN CAN BUILD AND RESTRUCTURE THEIR VILLAGE ROADS.

[@reelspilltv]

I have come to a conclusion that, if Nigeria will develop and move forward, since government don't want to do it, it is now left for business people to take ownership of federal amenities, own it and maintain it so yes, business people should build our roads..and own it.

[@2co1s]

Alhaji-Nnewi Biafra as the governor of umudimnkwa abi watin? How many you don build for your town? Mumu

[@attangi]

Alhaji-Nnewi Biafra he has no obligation to do that. Go and meet ur local govt chairman

[@attangi]

John Bull what have uuu. U done for ur home town.

[@raphewMoncaster]

Its unfortunate you didn't do your due diligence on this guy. The guy that stole NNPC money through stealing their Petroleum products in his Depot. He is a fraudster all his life. Its unfortunate you fell victim to this fraudster.

[@linkso7166]

Wow..... how can ifeanyi do this?

[@onyimachristopheraburochuk2610]

Ifeayi uba pay him his money

[@amehisrael7045]

The hairman coscharis group, sorry, for Miguel his self with all this notorious politisain please be careful and keep distance politisan , this is a lesson for you.

[@sanjaykeita371]

This is Cocharis Maduka an Igbo man from Anambra state. He spoke about Ifeanyi Uba, also an Igbo man from Anambra state. If Cocharis Maduka were to be Yoruba or Hausa, the bigots would have insulted and cursed him. They would have repeated their usual foolish assumptions that the Yorubas and the Hausas hate the Igbos. Look at what they are doing to themselves. Is this love? Igbos number one haters are the Igbos themselves. Ka Chineke mezie okwu!

[@ejikewengerizuu1342]

Anuofia spotted. Graduje and Emir Sanusi betraying themselves due to mismanagement public funds are they igbos? Tinubu and Obasanjo fighting and disgracing themselves are they igbos? Carry your igbo hating mentality out of here.

[@ibdaramy5455]

You are getting into tribalism which is not wise. Don't become a storyteller for the worst of men. View all Nigerians as your brothers and sisters. Children do not see tribal or racial differences, so we as adults should learn these same qualities from them.

[@sanjaykeita371]

@@ejikewengerizuu1342 Go tell your rubbish to Cocharis Maduka and Ifeanyi Uba. Ewu nebe akwa!

[@sanjaykeita371]

@@ibdaramy5455 As usaul, you have chosen to dwell on the inanity of the matter. Children learn from adults. What Ifeanyi Uba did to Cocharis Maduka. The children of Anambra state got a 419 lesson from Ifeanyi Uba. And the same Ifeanyi Uba is now a Senator.

[@ogbonnayahenry4398]

We do not hate ourselves we just don't like evil know matter who u are

[@Terratiger]

"Spraying Dollar on top of some women", lol. Nigeria. So funny.

[@blessok77]

Please let not act of one man kill the tradition of Nnewi people.

[@mrk5700]

Cosmos was too emotional he is also tribalistic and forget risk when you were warned and you went with it for same state sake /welcome to Lagos Sir

[@francisjohn5022]

why ifeanyi denied this man? can this old Rich man still liar's?

[@sousadavid1765]

no way he can't

[@jkfadeyi]

This is what happens when you allow asinine tribal sentiments becloud your rational sense of judgment. The simple fact that Ifeanyi Ubah stated that his MAIN problem why banks are refusing to extend a loan facility to him or deal with him was because he was fighting against a cabal of Yoruba businessmen like Otedola in the oil and gas industry swayed Dr. Cosmos Maduka into helping a reject, that was; rightfully ostracized by banks and other financial industries. The minute you hear from 3 different persons or corporations about the questionable character and unreliableness of a person, you should either NOT deal with the person to if you have started, STOP dealing with the person. As a Christian you should know this, 2 Corinthians <a href="#" class="seekto" data-time="781">13:1</a> New King James Version (NKJV) “By the mouth of two or three witnesses every word shall be established.”

[@HedgeConnectFX]

Only 30 or 35 million usd.....wow

[@PstAnthonyOgadi]

$278mUSD

[@emmanayoemmanuel1861]

sooo painful.. why should betrayal start from nnewi businessmen.. it this persist.. business of Igboland is in peril!!

[@yinkoos]

Cosmos is a kind who went out of his way to help his kinsman. A hard working self made succesful man who fell victim to a crook from his village. Now everybody is blaming Cosmos for helping him. Until this Cosmos Uba affair I too fell victim to a childhood friend in London. the man who defrauded me is well known to Cosmos because he likes flashy cars. The manner of my deception was accurately along the same line as Madukas. It's called 419.

[@BiafranDube]

i dont think someone can be defraud without being greedy and selfish.

[@VicToria-sd1dn]

@@BiafranDube You are myopic.

[@uzzyvick]

@@BiafranDube no, you got it wrong. We must give him the benefit of doubt, he meant well. And besides what successful business is not greedy? After all, he has his hands in so many pies before this last transaction. The person that should be blamed is Ifeanyi Una. From accounts his actions appears as a classic case of 419, and I can grant you that he maybe smiling now, but if he has vision he would see that he has just nailed his coffin because going by the speaker's account, if he ireputation s so damaged as claimed, he will have a hard time getting any future rescue for bitting the finger that fed him. It's just a pity that Coscharis allowed his sentiments get better of him, and suffered temporary amnesia by trusting a fraud. Despite Ifeanyi Una's antecedents

[@reelspilltv]

Childhood friend😱😱😱😱😧😧 That kind of betrayal hurts the most!!! Sorry, O

[@reelspilltv]

Doesn't Maduka look and sound like Shabba Ranks😊?

[@martinewusi9698]

I think someway, somehow, Bro Cosmos became a bit overconfident. I don't know if he went before God before deciding to assist this man. Like king David, God would have directed him. He should show a seed on the matter and the Holy Spirit will arrest the man and he bring the stolen money. With God, all things are possible

[@natgenesis5038]

So everyone is billionaire means a thief or sinner or wicked one ???

[@judeagbo6154]

Wow

[@ugochukwuilechukwu8562]

Clarification on the issue - because I was involved. First Ifeanyi Uba did not defraud Maduka. On the contrary Maduka had a grand design to take over capital oil which plot failed by a little slip in the plan. Maduka was a director in Access bank. He saw capital oils facilities which he described as a money making machine and wanted to have a chunk of it. He invited Una to apply for facility from Access bank where he was the credit committee chairman. The request of capital oil was turned down. He now got the facility for himself and for use of capital oil on the agreement that he will be taking 40% of the profit. The facility was secured with assets of capital oil fully secured. In the first few months Maduka received N4b from the business. He was so excited that he told Uba that how many cars and pure water will give him such profit. At maturity, there was a default in liquidation of the loan due to an investment made by capital oil in acquiring a vessel that could generate $5m a trip. Capital was then expecting payment of about #17b from government. That caused their inability to meet the obligation. In the meantime Maduka got the bank to renew the facility for 8years and unknown to Uba Maduka and access bank officials designed a grand plan to take over capital oil facilities so that they could go into the business themselves. They engaged a media consultant to scandalize and paint Uba as a common criminal, hence the media blitz. The next step they engaged a UK based attorney to obtain a world wide order against Capital oil and Ubas assets. For the media they paid fees of N15million. For the UK suit they deposited £2m. They now uses the police at SFU to arrest Uba and his entire management staff and surreptitiously were getting the company records in the pretense that they were investigating subsidy scam. The petition to SFU was signed by one Pattison Boligha a staff of Access on behalf of the presidential task force on subsidy claims which had since wound up. On the day of all parties meetings, Maduka appeared and it was there that it was disclosed that Uba was actually being detained on allegations against him by Maduka and not any subsidy claims. When this information was disclosed Uba started weeping, that how could his brother be the one doing this to him and there and then demanded that Maduka should sign the that the figure he claimed was the sum owed and he will pay him the money without failing. Maduka did not do that rather he was telling the meeting that interest will keep accruing. In the process it became obvious that the police were culpable. And at this stage whilst ubah was still in detention access bank had gotten order against his assets worldwide and we're taking over same until Amcon stepped in and took over the tank farm which was the main target. That's what foiled the bid. Maduka was not self made he made it through the sweat of others.if you get his history he made it by crooked means. His biological father was a known criminal. So in all this Uba was actually the victim of the fraud. A director is prohibited fro benefitting from a loan to a customer. Eventually the matter was resolved and maduka paid N4B whilst Uba paid N16b to Access bank to liquidate the indebtedness. So how could Maduka claim fraud against him. When it was a bank loan which both have repaid.

[@reelspilltv]

Hmm..an interesting perspective.

[@anasobibensonperry2679]

It seems they paid u to defend ifeanyi ubah, when almost every bank refuse to grant him loan, ifeanyi is not straight forward.

[@thetravelerwonderfulworld9854]

Stupid story . So where is Ifeanyi today ? Where is capital oil ? Ifeanyi ubah is now almost a pauper, if not for the Senate money he is making.

[@victorgodson9387]

Shameless liar, that is who you are.

[@oib4463]

Was it still maduka who blackmailed him when all d banks had refused to deal with him (b4 his own business transaction with maduka ever began?) mtchew!

[@MrBiyi]

he is a certain business man

[@nzubevictor276]

Na man you be

[@VictorObiwulo]

If his book is opened, Ifeanyi Uba may be better than him

[@gangajulioulrich9711]

Oh

[@emmanayoemmanuel1861]

$Two hundred and what million dollars????????????? Capital Oil!!! too baad!!

[@sportsnentertainment7585]

I listened to both parties and can't delineate who is saying the truth. But bro if you actually signed those documents without seeing the goods, that was a capital mistake. Henceforth, Address him as Senator Ifeanyi Uba.Thank you!

[@anthonyikem4197]

Your stupid. LC you don't need to see the goods. He cheated.

[@sportsnentertainment7585]

The last time I checked, I wasn't referring to you, learn not to be cursing people you don't know, because the curse might go back to you. Non of us was there when those transactions was going on, and if documents has been signed, you can't prove otherwise in the law court, because the papers are the legal documents for the business transactions. And that was why I said he made a big mistake by signing the documents, I think you should rather learn from their ordeal instead of calling people names on KZbin. I don't think the business in question is in anyway connected to you, for you to be calling someone stupid, even neither coscharis nor capital oil can't call anyone stupid for their comments on social networks, so be guided. Thank you and God bless!!

[@attangi]

But ur statement doesn’t defy the fact that he did wrong. Just like saying someone raped ur daighter and u say it’s cos she dressed bad. It’s not a justification.

[@reelspilltv]

@@attangi Rape and fraud? Are they comparable? Wetin concine fish wey dey inside river with price of orange for inside market?

[@user-ux5yu5hm1s]

¨$ 285 000 000

[@lifeway8483]

MR Coscharris, Hmm! A big time "Business tycoon,, an ALTRUIST? Well GREED, GREED & GREEDY mess up everything. We will never know the TRUTH.about what transpires in the murky biz world?.

[@justicechristopher9780]

You are obviously not a business man or you are a dullard

[@tayoojo5643]

Abeg is it 2 metric tones? A vessel for 30 million ? Haba! Though I’ve learned so much from you sir but I think your greed killed you on this one

[@attangi]

Tayo Ojo it’s called diversification. That’s business!

[@iamstringz]

GREED

[@marlonmickoy4317]

Define greed

[@attangi]

iamstringz exactly. What’s greed and diversification.

[@natgenesis5038]

You’re a Lazy man

[@rapafellaurbanpoetry887]

All these old igbo men...greedy af!!!

[@reelspilltv]

It's called 'business diversification'. Read a book!!!

[@9jah4lyf]

What is greedy about it? Business men from other tribes and all over the world do the same Why is it only greed for Igbos?

[@miracleemmanuel2313]

Igbos are fool! U cant see hausa doing dis

[@13thghost42]

Hey! Can you understand the amount of money involved in this matter? Do you think fools can make such amount of money or you who isn't a fool, can you also claim you can discuss money issues to this tone?

[@ejikewengerizuu1342]

You're the real fool here cos Graduje and Emir Sanusi are accusing themselves on mismanagement of social fund. Carry your igbo hating out of here.

[@ikechukwupius8194]

Ur father is a fool

[@krisken3944]

Fake man!

[@2222947]

Greedy Ibo man!!...you are into automobiles, what took you to oil and gas.

[@youandmeforfun257]

U can have two business in Nigeria abi foolish boy

[@mekowuluizuchukwu6944]

Idiot.

[@raymondmartinez1331]

@@mekowuluizuchukwu6944 why do you waste time on kids

[@chimyyoungdoc519]

Dangote have monopolized most business in Nigeria, killing other small start ups, but for the fact is an igbo man , most of you who don't know nothing about life and business,will always show yourself,I wonder how old you are

[@chijiokeokafor654]

2222947 u are an idiot bastard