Charity Nchedochukwu Maduka, fondly remembered as Charity N. Maduka, was born on January 15, 1958. She came into the world in Jos, Plateau State, but her roots trace back to Otolo, Nnewi, in Anambra State, one of Nigeria’s most industrious towns. She was the sixth child in a family of ten siblings, a position that gave her a unique balance of responsibility and nurturing from both older and younger siblings.
Her father, Frederick Ikedife, was a farmer, while her mother, Janet, was a hardworking trader who sold akara (bean cakes) to support the family. Growing up in a large household with modest means instilled in Charity a strong sense of responsibility, resilience, and commitment to education. These values would later shape her career and influence within one of Nigeria’s leading conglomerates.
Charity Maduka’s pursuit of education was consistent with her determination to build a meaningful life. She attended Teachers’ Training College in Nsugbe, Anambra State, between 1979 and 1981. During this period, she trained in education and developed a passion for imparting knowledge.
After completing her training, she began her professional career as a teacher. She worked briefly at Akamili Central School, Umudim-Nnewi, between October and December 1981, and later taught at Tolu Primary School III, Ajeromi Ifelodun / Apapa, Lagos, from January 1982 to January 1983. Her time in teaching reinforced her organizational skills, patience, and leadership abilities, which would become essential in her later corporate roles.
In 1983, she pursued additional training at the Consertum Institute of Catering and Hotel Management, Idi-Araba, Lagos, where she studied catering and hotel management. This broadened her administrative and hospitality skills, giving her experience that complemented her teaching background.
By combining teaching and catering training, Charity built a diverse skill set that would later prepare her to handle the multifaceted demands of corporate leadership.
In 1978, Charity married Dr. Cosmas Maduka, who would go on to become the founder, president, and CEO of the Coscharis Group, a diversified conglomerate with interests in automobiles, beverages, agriculture, real estate, and technology.
Their marriage was not only a personal union but also a business partnership. In fact, the name “Coscharis” itself is a combination of Cosmas and Charity, symbolizing the integral role she played in the establishment of the business.
Together, the couple raised five children — four sons and one daughter. While raising her family, Charity also committed herself fully to the growth of the Coscharis empire. She was not the stereotypical behind-the-scenes spouse; instead, she was actively involved in management, decision-making, and expansion.
Charity Maduka’s career was inextricably tied to the Coscharis Group, one of Nigeria’s leading business conglomerates. From the early days of its founding, she was involved in structuring, managing, and steering the company alongside her husband.
Between 1984 and 2003, she served as Executive Director, overseeing several departments. These included:
Administration – ensuring smooth internal operations of the business.
Legal Department – helping manage compliance and contractual obligations.
Works and Maintenance – supervising infrastructure and operations.
Export Division – coordinating export activities.
Technologies Department – engaging with the company’s growing interests in technology.
Her involvement was not symbolic. Colleagues and observers often remarked on her hands-on approach and her ability to maintain discipline, structure, and efficiency within these departments. Her contributions were vital to the organization’s gradual transformation into a multi-sector business empire.
In 2005, her leadership responsibilities expanded when she became Executive Chairman and Chief Operating Officer (COO) of two major subsidiaries of the Coscharis Group:
Coscharis Beverages Limited
Coscharis Properties Limited
In these roles, she managed day-to-day operations, strategic planning, and business expansion efforts. Her ability to adapt her knowledge from teaching, catering, and administration proved instrumental in diversifying the group beyond automobiles.
Her strong work ethic and managerial skills helped these subsidiaries thrive, making Coscharis not just an automotive brand but also a name in beverages and real estate.
Charity Maduka was a natural leader with a unique style. She was described as disciplined, meticulous, and principled. Her background in teaching gave her patience, her catering training gave her organizational foresight, and her corporate role gave her a broader business vision.
She believed in nurturing employees and was deeply involved in creating a corporate culture that emphasized hard work, integrity, and loyalty. She was also passionate about mentoring younger women and served as a role model for women aspiring to balance family and career.
Her legacy is embedded in the very foundation of Coscharis Group. Many within the company and business community recognize that without her stability, administrative acumen, and dedication, Coscharis might not have grown into the household name it is today.
On Saturday, November 27, 2021, Charity Maduka passed away peacefully at her family home in Nnewi, Anambra State, at the age of 63.
Her death came as a shock to her family, employees, and the Nigerian business community. Tributes poured in from all over the country, acknowledging her significant contributions not just to Coscharis Group, but also to women in business and entrepreneurship.
Her funeral was attended by dignitaries, business leaders, and community members who celebrated her life and contributions.
Charity Maduka’s legacy extends beyond her immediate family. Her contributions can be summarized in three broad areas:
Business Leadership – She was instrumental in turning Coscharis Group into a diversified conglomerate. Her role in administration, legal, export, and property management gave structure to the company.
Inspiration for Women – As a wife, mother, and business executive, she broke stereotypes of women being excluded from high-level corporate leadership. She proved that women could successfully manage family responsibilities and still play major roles in business.
Symbolism of Partnership – The name “Coscharis” itself immortalizes her role in the company. It stands as a testament to the equal partnership she had with her husband in building a corporate empire.
Determining Charity Maduka’s personal net worth is difficult because much of her wealth was tied to her co-ownership and executive roles in the Coscharis Group.
Some reports suggest her net worth could have been around $300 million, though this figure is speculative and not officially verified. What is certain is that she was among the wealthiest Nigerian women, considering her direct involvement in one of Nigeria’s top conglomerates.
Her husband, Dr. Cosmas Maduka, is frequently estimated to have a net worth between $500 million and $800 million, largely from the Coscharis empire. Since Charity was not only his spouse but also a business partner and executive, it is safe to conclude that her personal wealth was substantial.
Her assets, earnings, and business interests, combined with her family’s overall fortune, place her among the most affluent women in Nigeria during her lifetime.
Charity N. Maduka’s story is one of determination, discipline, and devotion. From humble beginnings in Jos and Nnewi, she rose to become not only the supportive wife of a billionaire but also a visionary businesswoman in her own right.
Her career journey — from teaching and catering to executive leadership — showcases her adaptability and resilience. As co-owner of the Coscharis Group, she was instrumental in transforming the company into one of Nigeria’s most successful conglomerates.
Her untimely passing in 2021 at the age of 63 was a great loss, but her legacy lives on in the thriving businesses she helped to build, the family she nurtured, and the inspiration she left for countless Nigerian women.
While her exact net worth remains unverified, her influence and impact are undeniable. She will always be remembered as a key pillar behind one of Nigeria’s greatest entrepreneurial success stories.