Year: 2025

In a shocking blow to investors, Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has confirmed that the agency is unable to provide restitution to approximately 600,000 Nigerians impacted by the massive Crypto Bridge Exchange (CBEX) fraud. The scheme, orchestrated by ST Technologies International Ltd, disappeared last Monday, wiping out an estimated ₦1.3 trillion in public investments. Here’s a closer look at the scandal and the SEC’s response. The CBEX Collapse: A Devastating Scam The Crypto Bridge Exchange (CBEX) lured thousands of Nigerians with an irresistible promise: double your investment in just 30 days. Marketed as a legitimate cryptocurrency platform, CBEX gained widespread trust before abruptly vanishing, leaving investors in financial ruin. The scam, now exposed as a Ponzi scheme, has sparked outrage across the country, with victims grappling with losses totaling ₦1.3 trillion. SEC’s Hands Are Tied In an interview with Sunday Vanguard, Dr. Agama expressed profound sympathy for the victims but clarified that the SEC is powerless to offer financial relief. “There is nothing the Commission can do,” he stated, explaining that CBEX operated under the radar, evading regulatory oversight until it was too late. The agency was not alerted to the scheme’s activities in time to intervene, highlighting a critical gap in early detection. A Call for Vigilance Dr. Agama emphasized the importance of public cooperation in preventing such frauds. “We are intensifying our public awareness campaigns and encouraging people to speak up early,” he urged. He called on Nigerians to report suspicious investment schemes promptly to enable the SEC to take swift action. The Director General stressed that early detection is key to dismantling fraudulent operations before they can inflict widespread harm. Warning Against “Too Good to Be True” Schemes Citing the Investments and Securities Act of 2025, Dr. Agama warned that promises of unusually high returns, like those offered by CBEX, are hallmark traits of Ponzi schemes. He advised Nigerians to exercise caution and skepticism when approached with investment opportunities that seem too good to be true. “If it sounds unrealistic, it probably is,” he cautioned, urging investors to verify the legitimacy of platforms before committing funds. Moving Forward: Protecting Nigerian Investors The CBEX scandal has exposed vulnerabilities in Nigeria’s investment landscape, prompting renewed calls for stronger regulatory measures and public education. While the SEC works to bolster its awareness campaigns, the loss of ₦1.3 trillion serves as a stark reminder of the risks posed by unregulated schemes. Dr. Agama’s message is clear: vigilance and timely reporting are critical to safeguarding the public from future scams. As the fallout from CBEX continues to unfold, affected Nigerians are left seeking answers, while the SEC doubles down on its mission to protect investors through education and early intervention. Stay informed and report suspicious schemes to the SEC to help prevent future fraud.

On April 17, 2025, Lagos, Nigeria, became the epicenter of glamour, culture, and love as Priscilla Ojo, daughter of Nollywood icon Iyabo Ojo, tied the knot with Tanzanian music sensation Juma Jux in a traditional wedding that has been dubbed the “wedding of the year.” Tagged #JP2025, this vibrant celebration was a breathtaking fusion of Nigerian and Tanzanian traditions, star-studded guest lists, and jaw-dropping fashion that set social media ablaze. Here’s a deep dive into the magical moments that made this wedding an unforgettable spectacle. A Cross-Cultural Love Story The love story of Priscilla Ojo and Juma Jux is nothing short of a modern fairy tale. Their romance, which blossomed after a chance meeting in Rwanda in 2024, has captivated fans across Nigeria and Tanzania. From their first viral moments together to Juma’s heartfelt second proposal with a 5.2-carat diamond ring, the couple’s journey has been a whirlwind of romance and intentionality. Their wedding festivities, which began with an intimate Nikkah and civil ceremony in Tanzania in February, culminated in this grand Lagos traditional wedding, with two more ceremonies planned—one in Lagos and another in Tanzania on May 28. A Star-Studded Affair The #JP2025 wedding was a magnet for high-profile personalities, turning Five Palms in Oniru, Lagos, into a hub of celebrity sightings. The guest list read like a who’s-who of Nigerian and Tanzanian entertainment, with names like Osun State Governor Ademola Adeleke, who stole the show with a surprise performance, singing and dancing to the delight of the crowd. Nollywood heavyweights such as Mercy Aigbe, Toyin Abraham, Odunlade Adekola, Femi Adebayo, and Nancy Isime graced the event, alongside influencers like Enioluwa Adeoluwa, Chioma Good Hair, and Hilda Baci. Tanzanian megastars, including Diamond Platnumz, Zuchu, and Nandy, added an East African flair, making the event a true Pan-African celebration. The presence of such luminaries wasn’t just a flex—it was a testament to the couple’s influence and the deep connections of Iyabo Ojo within the entertainment industry. Social media buzzed with clips and photos, with posts like @Glamcityz declaring, “Priscilla Ojo & Juma Jux’s Wedding Shut Down Lagos — And Instagram Too!” Fashion That Stole the Show If there’s one thing #JP2025 will be remembered for, it’s the fashion. The official color palette of olive green, pink, maroon, and gold was interpreted with unparalleled flair. Priscilla and Juma set the tone in regal purple traditional attire, with Priscilla dazzling in a long-sleeved Asooke blouse and skirt, complemented by Juma’s embroidered maroon velvet agbada. Their second look—a sparkling silver lace gown for Priscilla and a matching agbada for Juma—was pure royalty. Guests didn’t hold back either. Iyabo Ojo turned heads in a green-and-gold Mubrik Luxury dress with intricate beadwork and later in a vibrant orange, red, and coral ensemble. Mercy Aigbe’s lime-to-beige gradient gown and monochrome pink look were showstoppers, while the bridesmaids stunned in uniform pink lace dresses with striped asooke geles. The women, in particular, embraced the olive-green aso-ebi theme with corset styles, flowing gowns, and bold embellishments, as noted by BellaNaija: “The ladies absolutely understood the assignment.” The massive wedding cake, designed to resemble a village, was another highlight, sparking reactions across social media for its sheer grandeur. Emotional Moments and Family Unity Beyond the glitz, #JP2025 was deeply emotional. One of the most touching moments was Iyabo Ojo’s heartfelt prayer over her daughter before the ceremony, a video that went viral for its raw emotion and maternal love. Iyabo, visibly moved, blessed Priscilla’s union with intensity, embodying Nigerian tradition. Another standout moment was the reunion of Iyabo Ojo and her ex-husband, Ademidun Ojo, who sat side by side to bless their daughter. This rare public appearance together, years after their marriage ended, was praised as a display of maturity and family unity. Juma Jux added to the warmth by pledging to care for both of Priscilla’s parents, humorously noting, “I love you, but I love my wife more!” A Cultural Spectacle The wedding was a masterclass in cultural fusion. Yoruba traditions like talking drummers and kneeling rituals blended seamlessly with Swahili music and Bongo Flava hits. Juma Jux himself took the stage to serenade his bride, a moment that had guests on their feet. Custom souvenirs combining Nigerian Adire and Tanzanian prints symbolized the union of two cultures, while speeches in Yoruba, English, and Swahili underscored the cross-continental connection. Social Media Frenzy and Mixed Reactions The #JP2025 hashtag dominated Twitter, Instagram, and Snapchat, with fans gushing over the couple’s chemistry and the event’s opulence. Posts like @ncelebrityblog’s described the reception as a “breathtaking wonderland, dripping in elegance,” while @voptvlive noted the mixed reactions, with some praising the extravagance and others questioning the need for multiple ceremonies. Indeed, Iyabo Ojo’s announcement that two more weddings are planned—one in Lagos and another in Tanzania on May 28—sparked both excitement and debate. Some fans, like Instagram user Uzor Amenike, commented, “David own sef no reach this one,” referencing the scale of the festivities. A Legacy of Love and Intention What sets #JP2025 apart is its intentionality. Iyabo Ojo, who raised Priscilla to navigate fame and find love early, emphasized the importance of family and purposeful relationships. Juma Jux echoed this sentiment, saying, “I knew Priscilla was my wife the first day I saw her.” Their story, from a missed flight in Rwanda to a multi-country wedding extravaganza, is a testament to love that transcends borders. As the couple prepares for their next ceremonies, #JP2025 continues to inspire with its blend of culture, fashion, and heartfelt moments. For now, Priscilla and Juma Jux have given us a wedding that’s not just a celebration but a cultural milestone, uniting Nigeria and Tanzania in style and love. Stay tuned for more updates on #JP2025 as the festivities continue! explore wedding traditions celebrity wedding trends