|Net Worth||$500 Million|
|Source of Wealth||Business|
|State of Origin||—|
Ismaila Mustapha is a Nigerian entrepreneur and chief executive officer of Bureau De Change in Lagos State. He is otherwise known as Mompha or Ismaila Mompha.
The company, Bureau De Change is situated at Bankole Street, Balogun, Lagos Island, Lagos State.
Mompha is known also to be a philanthropist, and his lifestyle which can best be described as “LUXURIOUS” has made him one of the most followed socialite by the media.
Ismaila Mustapha believes in living life to the fullest and the luxury photos he captures during his shopping spree are a static testimony to this belief.
Arrested by the EFCC in October 2019 over a N33 billion naira scam with his friend Hamza Koudeih, Mompha has strengthened claims by several Nigerians suggesting he’s a big-time fraudster.
He’s the CEO of Lagos Bureau De Change and has a long chain of influence in the business which he owns with his siblings.
Mompha travels to different countries in and out of Africa where his shopping and luxurious lifestyle finds expression in different fashions. To Mompha, the most important thing to him isn’t fame but money.
He works hard enough to deserve such a lifestyle, and he spends the money good like many Nigerian celebrities. He has met with a lot of Nigerian Celebrities, most of whom are his friends.
Ismaila Mustapha is married and he has two kids – a boy and a girl. His first child, the boy, is named Muhammad Awal Mustapha. And the second child, the girl, is named Hannan Mustapha. Mompha is a freestyle socialite.
He loves to showoff bags from shopping at Gucci, Versace, Valentino, Louis Vuitton, Hermes, and Cavalli – this makes his followers motivated toward becoming successful and more like Mompha.
The stylish CEO was among the Nigerian big boys 9ice praised in his song titled “Living Things”.
Interestingly, the lover of Gucci and Louboutin purchased his 75th pair of Louboutin – a transaction that ended with the brand package signed off by Christian Louboutin. He also moves in private jets, and first-class private flights.
Mompha is happily living with his family, and shopping nice with different multimillion dollar clothing brands.
For him, it’s all about making the money and living well. One of the biggest confirmed fact about Mompha is that he’s a CEO of a Bureau De Change company.
In October 2019, an arrest by the EFCC suggested his involvement on fraudulent activities which had gotten him over N15 billion naira.
Ismaila Mompha’s Net Worth 2020 Forbes
Ismaila Mompha has an estimated net worth of $500 million dollars. The net worth and biography of Ismaila Mustapha, simply called Mompha, is one Nigerians are wildly searching for on Google and other search engines.
Mompha is a good friend of Nigerian big boy and socialite, HushPuppi, and he’s the CEO of Bureau De Change – a foreign currency exchange company in Lagos state.
The company is known to be a major currency exchange company in the State. People from different business world or ventures can easily exchange currencies at the Bureau De Change office.
Mompha has been seen several times on his Instagram page with loads of dollar bills and other currencies. These bills are often owned by clients or business persons affiliated with Ismaila Mustapha.
It’s believed that Ismaila Mustapha has other sources of income, but this information is personal to Mompha and the Nigerian anti-fraud agency, the EFCC.
N33 Billion Naira Scam By Mompha and Lebanese Friend
In October, 2019, the EFCC (Economic and Financial Crimes Commission) posited that the Nigerian celebrity and social media superstar, Mompha (Ismaila Mustapha), alongside his Lebanese friend Hamza Koudeih, had laundered about N33 billion naira allegedly.
According to the chief of EFCC, Ibrahim Magu, the arrest of Mompha and his friend would be their biggest catch since the start of 2019.
According to Ibrahim Magu, Mompha operates about 51 independent bank accounts, and with these accounts, he’s able to acquire properties in Dubai. He also noted that Ismaila Mustapha (Mompha), had laundered through Ismalob Global Investments Limited, a sum of N14 billion.
At the point of Mompha’s arrest, they were able to recover 5 expensive wristwatches valued at over N60 million naira.
Talking about Koudeih, Ibrahim Magu revealed that he lived in an apartment which costs $5 million each year in rent.
Koudeih also operates two firms, THK Services Limited and CHK Properties Limited. With both firms, the Lebanese friend of Mompha had laundered over N19 billion naira.
As top personalities at Organized Cyber Syndicate Network (OCSN), the EFCC was able to detain Mompha and Koudeih through the activities of credible intelligence.
Mompha was arrested on the 18th of October, 2019 at his favourite airline complex, the Nnamdi Azikiwe International Airport, Abuja. This happened as he was about to fly out the country to Dubai.
His friend, Hamza Koudeih was arrested in Lagos State. This is what the EFCC had to say about their arrest…
actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion.
Investigations have also revealed that Ismaila is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.
10 Facts About Mompha (Ismaila Mustapha)
- Mompha’s real name is Ismaila Mustapha.
- He’s a Nigerian businessman and entrepreneur.
- He’s the CEO of Lagos Bureau De Change.
- Mompha is married with two children – Muhammad Awal Mustapha (boy), and Hannah Mustapha (Girl).
- He’s friends with several Nigerian celebrities, and loves to showoff his wealth on social media.
- He has a Lebanese friend with whom he dies business with most frequently.
- Ismaila Mustapha Mompha has properties in Dubai, and in Nigeria as well.
- He’s a Lavish spender, and one of the most followed Nigerian socialite on Instagram.
- He’s a fashionista, and lover of anything that’s got four (4) wheels.
- He’s a Muslim by religion.
FAQs About Mompha (Ismaila Mustapha)
Here are some of the frequently asked questions about Mompha…
Ismaila Mompha House and Cars
He lives in a well furnished apartment in Lagos State, has several million naira worth cars which includes Range Rover Sports, Mercedes Benz, and G-Wagon. In addition, Mompha owns several items worth millions of naira, and properties in Dubai.
What does Mompha do for a Living?
He’s the chief executive officer of Mompha Bureau De Change in Lagos State, Nigeria. He’s into the business of currency exchange.
Ismaila Mompha’s House
The Nigerian businessman has several houses in Nigeria and outside the country. According to the EFCC, he has 51 bank accounts and has been able to purchase properties even in Dubai.
Ismaila Mompha’s Cars
His cars range from G Wagons, to very costly Mercedes Benz. His fleet of cars comprise some of the most expensive vehicles ever acquired by Nigerian celebrities.
How Old is Mompha?
The real age of Mompha isn’t known. This is because his year of birth is not available. From the look of things, he’s in his early/late 40s.
Ismaila Mompha’s Net Worth in Naira and Dollars
According to him, his net worth is more than $500 million dollars. This sum is largely from his business and other ventures, and was stated by him on social media. In Naira, his net worth is an estimated N125 billion.
Ismaila Mompha’s Real Name
The real name of Mompha is known to be Ismaila Mustapha. He’s a Muslim, and a married man.
3 Typical Lessons from Mompha (Ismaila Mustapha)
Money Can Get You Fame
When you have just enough money to spend, becoming famous won’t be an issue. All you need is the money to hit that fame spot.
There’s a Bigger World Out there
Yes. There’s a bigger world out there. It may demand that you just have the right resources to access, but the world you’re living in right now is definitely not the biggest.
Living Flamboyantly Attracts Evil Eyes
Many people will clamour your downfall especially when you’re doing something that they may never be able to do. And one of these things is living a flamboyant lifestyle.
Here are top highlights of Mompha’s career…
- Bureau De Change (Company, Lagos State)
Ismaila Mustapha Mompha is a Nigerian businessman and entrepreneur who was arrested in October 2019 by the EFCC over fraudulent activities.
He’s a billionaire, and is married with two kids. Mompha is a Muslim, and has properties in Dubai. He has an estimated net worth of $500 million.
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