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It’s no news that Dubai-based social media celebrity, Ismaila Mustapha, popularly known as Mompha, has been arrested for his alleged involvement in Internet-related fraud and money laundering.

Hamza Koudeih, the Lebanese associate of Mompha, has also been arrested. The antigraft agency arrested him at his expensive rented apartment at Eko Pearl Towers in Lagos.

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At a press conference organised by the acting EFCC Chairman, Ibrahim Magu, the antigraft commission claimed that Mompha and Hamza belonged to a network of organised cyber syndicate network.

Magu also revealed that,

“Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19bn.

“Koudeih lives in a $5m per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.”

Koudeih’s extra-expensive apartment is one of a kind. The apartment has fire-proof and bulletproof doors to deter would-be perpetrators from coming in.

EFCC said,

“It was very difficult to gain entry. It was almost like a standoff. We had to send for reinforcement of officers and breaching tools from the office. We had to breach the triple-reinforced fire-proof door before we could get in.”

To put how much he pays annually into perspective, the $5m, which is about ₦1.8 billion, will buy 100 Toyota Corollas. The popular “World’s Bestselling Car” starts at about ₦18 million in Nigeria.

According to the EFFC, Hamza Koudeih’s taste for luxury cars will make an Arabian prince jealous. The EFCC seized 2 of his luxury rides during the raid.

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His alleged accomplice, Mompha, is also not shy to flaunt his amazing fleets on instagram. A visit to his now deactivated account shows his amazing multi-billion Naira car collections.

Mompha’s collections includes the Ferrari 488 Spider, Lamborghini Aventador roadster, Rolls-Royce Wraith VIII, Mercedes-Benz G63 AMG, Lamborghini Huracan.

What Do You Think?

https://autojosh.com/momphas-associates-house-rent-will-buy-100-toyota-corollas/

Only brainless people will belive there is a place in Lagos you will pay $5M per year for rent.

How much is a mansion in Beverly Hills?

OP don't tell me you believe this rubbish.

.I don't know how flaunting of wealth on social media will help u,those days when there were no social media, wealthy ones plenty
Ur into fraud and ur still making noise,I no know y Nigerians get this mentality of operation flaunt my wealth.
Otedola get pass 5Billion and e no dey make noise

Some pipu cannor jus make heaven lai lai........even d devu gan gan go reject dem

Sidaun Dia and be running analisix, don't go and ozul

Na wash.

Blood of Tiwa Savage

100 toyota


now i knw toyota is useless, wen it comes to xpensive sh!T

What about the thieving politicians. EFCC how far? Arrest them join abeg.

Which model year of Corolla?
Is it brand new?

Then corrolla costs N18m.


N1,800,000,000 / N18,000,000 = 100.


If it is the 2006 Corolla, they you get about 1000pcs @ N1.8m.

What's the use of this thread now
Make we wey dey do legit work dey jealous or what
Nairaland this days gan self

Poverty and value comparism.

Richdad

ah

thought I've seen this news before

But it cannot buy life...... . Vanity upon vanity, that's why I live like my fellow billionaires like Mark, Bill and Dangote.

No house rent is that amount in Lagos. Effc lied you too mr blogger drank it

Big tree don fall

Nonsense.

Even dangote or prince Charles don't live in a 1.8b house per annum

How much to buy the house now?

How much to buy the house now?

Na dem

Money is speaking

God punish poverty.... whether leg or illeg

till BAT,OSHOMOLE,BUHARI,ABBA KYARI,ISA FUNTUA,MAMMAN DAURA,ORJI UZOR KALU IS ARRESTED I WONT THE FIGHT AGAINST CORRUPTION SERIOUS

Okay. We de watch.

If E no be Tinubu... E no fit be like Tinubu.










Give us Tinubu and release these ones.

There is no 1.8 billion per year house in Africa sef

themonk:
Only brainless people will belive there is a place you will pay $5M per year for rent.

How much is a mansion in Beverly Hills?

OP don't tell me you believe this rubbish.

That should be the price of the expensive apartment and can never be the rent.