Ismaila Mompha’s Net Worth in 2020

Ismaila Mompha Net Worth, Biography, and Business


Ismaila Mompha’s Net Worth

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.

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.

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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.

Unlike a lot of young socialites and celebrities in Nigeria – HushPuppi, BNaira, Davido and others – Mompha doesn’t showoff photos of himself buying drinks at nightclubs and partying.

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.

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. An estimation by Forbes media hasn’t been reported.

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.

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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.

Tobi

Librarian, Blogger, SEO Pope 😁, Music Lover, Pianist, Singer, Hairstylist, and Lover of God.

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