High life of Africas richest 10-year-old at risk as police hunt billionaire dad

The pampered lifestyle of Africa's richest ten-year-old Mompha Junior could soon be coming to an abrupt end as his billionaire father is wanted by Nigerian police on fraud charges.

Muhammed Awal Mustapha goes by the moniker of Mompha Junior on Instagram where he posts ridiculous photos of his collection of supercars and mansions to his 18,000 followers.

Muhammed is the son of billionaire Ismailia Mustapha who made his fortune by being the chief executive officer of Mompha Burea De Change, Lagos Island.

READ MORE: Lavish life of world's 'youngest billionaire' who owns mansion and Bentley aged 10

But nothing lasts forever, as Mustapha now has a target on his head and is wanted by the Nigerian Economic and Financial Crimes Commission, reports Premium Nigerian Times.

Mustapha is wanted for offences including laundering funds obtained through unlawful activities, false asset declaration and retention of alleged proceeds of crime.

Mompha Senior had previously been arrested in January accused by Nigeria's anti-corruption agency of laundering the equivalent of over £10million.

It was reported he pleaded not guilty to the charges and was released on bail for £350,000.

However, he failed to appear in court on two separate occasions for his trial, meaning his matter could not proceed.

So all in all, it doesn't look too promising for the Mompha gang who own more supercars than most Dubai showrooms.

Mompha Junior, aged just 10, was given his first mansion when he was only six years old and is allegedly worth over £12 million – over six billion in Nigerian Naira, technically making him the youngest member of the world's billionaire club.

Despite not being able to drive, the young cash baron often poses for his social media followers in front of expensive cars like the Lamborghini Aventador and a cream Bentley Flying Spur.

Then again, not many 10-year-old's own their own houses and Mompha Junior owns a fair few.

  • Poundland customers beg others not to eat bargain steak that tastes like 'leather'

After gifting his son his first mansion earlier this year, his father said: "Owning your own home is one of the best feelings ever. It can't be described in words, it can't be quantified in money.

"Home ownership is a feeling that makes life's daily grind worth facing.

"It reassures you that after all the ups and downs you have a place to go to… A place that will never judge you and always invite you with an open arm.

"Congrats my son on your new home. Your birthday gift from Daddy."

Charming indeed, but whether or not he gets to keep it will likely be a matter for the authorities eh?

READ NEXT:

  • SpaceX debris in farmers' gardens could make them 'millions' if they sell it on eBay
  • Elon Musk's dad 'not proud' of him – says he should lose weight and prefers brother
  • Elon Musk countersues Twitter with rival beginning soon – after backing out of £36bn deal

Source: Read Full Article