Mustapha Ismaila aka Mompha is a Nigerian Dubai based businessman who was born on 16th June 1979 in Lagos, He’s from Oyo state but lived almost his entire early days in Lagos with his parents. Mompha is a devoted Muslim as well.
Little is known about his education but it’s on record he attended Government College in Ikorodu, Local Government Area of Lagos State.
Mompha has made millions of dollars from the financial sector. He is the founder of Momoha Bureau de Change situated at Bankole Street, Lagos Island. He doubles as the CEO of the same company.
With that not being mentioned it is alleged that the bureau alone is not the sole source of Mompha’s income. And that he was into what is popularly known as yahoo, internet fraud of which he has been arranged before the court a couple of times.
Mompha is married and has two children, a son and a daughter.
He’s also in close contact with Nigeria’s most finest celebrities including Tiwa, Davido Wizkid and the likes.
Mompha loves flaunting his wealth, doing giveaways on his favourite social media site Instagram. He was once pictured with 4 million dollars in cash and on one of his arrests also he was in possession of a couple of watches which were estimated at $200000
Net worth and cars
Mompha is estimated to have in excesses of $15 million and a large fleet of powerful and very expensive cars of which some are listed below:
- Rolls Royce Wraith Eagle (2020) edition worth $450,000 . Only 50 of such cars were ever made .
- Mercedes Benz G63 worth $160,000
- Lamborghini Aventada $300,000
- Lamborghini Huracan $ 200,000
- Ferrari 488 spider $180,000
- Bentley GT , Lexus Lx, Audi R8
The list goes on and on. He also owns luxurious mansions both in Nigeria and in Dubai, UAE.
He bought one of such plush mansions for his 6 years old son on his birthday which was worth close to a million dollars.
Mompha was arrested by the EFFC in October 2019/ for offences bordering on internet fraud and money laundering and was arraigned before a Federal High Court.
EFCC statement said Mompha “perpetrates his fraudulent activities under the guise of being a Bureau de Change operator. He is always seen with his little son flaunting huge amount of foreign currencies on his social media platforms”.
He was later re-arrested on Friday, August 14, 2020, on charges similar to the first arrest
“I am filing processes tomorrow (Tuesday); they didn’t tell us why they are detaining him. They have not told us the basis for this re-arrest.
“As far as we are concerned, the EFCC is seeking to overreach the court because this is coming after we filed our no-case submission to the charges. ” His lawyer said after his second arrest.
He’s been released from police custody but investigations linger on.