The rich kids of Instagram never disappoint when it comes to flaunting their extreme wealth on social media.

But it’s generally young people who hail from the UK, the US and Russia that are known for showing off their private jets, designer clothes and luxury holidays.

Now, however, they’ve got some stiff competition from the wealthiest young people in Nigeria – Africa’s biggest economy – whose exploits are documented by the ‘Richkidsnaija’ Instagram account.

Billionaire Emeka Okonkwo, known as E-money owns several properties in Lagos which he has kitted out in lavish style 
Billionaire Emeka Okonkwo, known as E-money owns several properties in Lagos which he has kitted out in lavish style
Rapper and designer Bayo Adewale AKA Bnaira is also fond of throwing cash around at parties
Rapper and designer Bayo Adewale AKA Bnaira is also fond of throwing cash around at parties

Emeka Okonkwo, known as E-money, is the country’s youngest billionaire through interests such as property, oil and gas and his own record label.

A billion Nigerian Naira is the equivalent of around £2.5 million in the UK.

He owns multiple properties in Lagos and have kitted them out in lavish style with elaborate gold furnishings.

His party trick is to spray cash on the guests from a money gun at weddings.

The enviable lifestyles of Nigeria's wealthiest residents are documented on the Rich Kids Naja Instagram account 
The enviable lifestyles of Nigeria’s wealthiest residents are documented on the Rich Kids Naja Instagram account

A video from earlier this year, shows him spraying one million Nigerian dollars – the equivalent of £2,500 – on guests at the marriage of actor Mike Ezuruonye’s sister.

Rapper and designer Bayo Adewale AKA Bnaira is also fond of throwing cash around at parties.

He became known for his love of red cars and worked his way up from a Honda Accord to Ranger Rovers and supercars with personalised plates in his signature colour.

Louboutin trainers are hugely popular among Nigeria's wealthiest shoppers
Louboutin trainers are hugely popular among Nigeria’s wealthiest shoppers

Mompha boasted that his shoes are Louboutins and that he has 'lots of them like coupons'

Mompha boasted that his shoes are Louboutins and that he has ‘lots of them like coupons’

A glamorous pair dressed in white pose in front of a sports car 
A glamorous pair dressed in white pose in front of a sports car

Louboutins are hugely popular among Nigeria’s wealthiest young men with both Hushpuppi and Mompha showing off their huge collections.

Mompha, who is the CEO of a Lagos Bureau De Change, boasted that he has ‘lots of them like coupons’ and is ‘drowning’ in a red sea of their distinctive soles.

He also showed off his bags from a shopping spree at Gucci, Cavalli, Valentino, Versace, Hermes and Louis Vuitton, making his followers aware that he’d paid for the luxury haul in cash.

Meanwhile Hushpuppi proudly announced that he had been invited to an exclusive preview event at Versace.

HushpuppiI proudly announced that he had been invited to an exclusive preview event at Versace where he blew a lot of money on an exclusive leather jacket 
HushpuppiI proudly announced that he had been invited to an exclusive preview event at Versace where he blew a lot of money on an exclusive leather jacket

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