Mompha is a famous Dubai-based Nigerian social media big boy known for his lavish lifestyle on Instagram. He is known for showing off his cars, houses, and expensive accessories on his Instagram page. As expected, he socializes with the wealthiest individuals in the country.
Ismaila Mustapha, popularly known as “Mompha,” is arguably the wealthiest big boy in Nigeria. Some call him the Instagram billionaire; some say he is Nigeria’s wealthiest “Yahoo boy.”
Everyone is entitled to their opinion, after all. However, based on the facts gathered at the time of writing this article, it is evident that he is wealthy.
Mompha Biography
| Full Name: | Ismail Mustapha |
| Stage Name: | Mompha |
| Born: | June 16, 1979 |
| Birth Place: | Ikorodu |
| State Of Origin: | Oyo State |
| Nationality: | Nigerian |
| Wife • Spouse: | Mrs Mustapha |
| Occupation: | Entrepreneur • Socialite |
| Net Worth: | $20 million |
Early Life
Ismail Mustapha (born June 16, 1979, 46 years old), also known as Mompha, is a wealthy Nigerian business mogul. He is the Chief Executive Officer (CEO) of Mompha Bureau De Change, situated at Bankole Street, Lagos Island.
His intermittent display of exotic possessions on Instagram made him a notable figure on social media, alongside his circle of friends, which included famous music artists such as Tiwa Savage, Davido, and Patoranking.
Mompha was once a close pal to another big boy on social media, Hushpuppi. Some of his cars are a Mercedes-Benz G63 AMG, a Lamborghini Aventador (N151 million), a Lamborghini Huracan (N73.6 million), a 2018 Rolls-Royce Wraith, a 2020 Rolls-Royce Wraith Eagle VIII (N150 million), a Lexus LX, and an Audi R8.
Musicians sing his praise, OAPs send shout-outs, and fans quickly hail him at any opportunity. Those are the dividends of richness, anyway.
The billionaire was raised in Lagos State, where he completed his secondary education at Government College, Ikorodu.
He is a happily married man and blessed with two boys. He owns a fleet of cars, numerous mansions, and a collection of expensive accessories. Aside from that, the next thing he knows to spend his money on is the regular “giveaway” he does on his Instagram page.
Mompha’s Arrest
Although most people question his source of wealth, including the Nigerian government, our reporter gathered that he is the owner and founder of “Mompha Bureau De Change,” located on Bankole Street, Lagos Island, Nigeria, which is also a significant source of Mompha’s net worth. The company is a currency exchange business.
His source of wealth was questioned by the Nigerian anti-graft agency, EFCC (Economic and Financial Crime Commission), in 2019.
He was arrested and accused of money laundering. Before then, many claimed he didn’t amass all his wealth from his currency exchange business alone. Some said he is into fraud, drug trafficking, and many other illegal activities.
However, when EFCC arrested him, he was charged with cyber fraud and money laundering, amounting to about #33 billion. His company was also reportedly not registered with the Special Control Unit Against Money Laundering.
House
Ismaila Mompha, since his arrest two years ago by the EFCC, has been residing in Lagos, Nigeria, while his court case proceeding continues to drag on.
Before now, many have been wondering where Mompha has been staying since he was granted bail months ago. We are pleased to inform you that he resides in his luxurious, expensive home on Banana Island, Lagos.
The cost of his House is yet to be confirmed, but it’s estimated to be around N800,000,000 (approximately $ 2.5 Million).
Cars
When it comes to Mompha’s Car Collections, the List is numerous and mind-blowing when you look closely at the luxurious fleet of cars owned by Mompha.
Below is a list of his car Collections:
- Rolls-Royce 2018 Wraith worth $330,000;
- McLaren 650S worth $265,000;
- Ferrari 488 Spider worth $300,000;
- Lamborghini Aventador Roadster is worth $410,000.
- Bentley Bentayga worth $350,000;
- Mercedes-Benz G63 AMG worth $200,000;
- Chevrolet Tahoe worth $213,000; and
- Range Rover worth $220,000
- Lexus LX 2020
Net Worth
Ismaila Mompha is one of the wealthiest and most successful men in Nigeria, with an estimated net worth of approximately $20 million.
