Flamboyant Mayweather to lose Bugatti, Ferrari after failing to pay $2.4m to Nigerian company

A court in California, USA, has ordered legendary boxer Floyd Mayweather to pay $2.4 million to Nigerian company Zzini Media Concept Limited after being found guilty of breaching an agreement to make promotional visits to African countries, including Nigeria. 

According to multiple reports in the Nigerian media, Mayweather was also found guilty of fraud by the California Court of Appeal.

The case centers on a deal between Zzini Media Concept and Mayweather, which required him to make several visits to Africa, beginning with a trip to Nigeria in June 2017.

Mayweather, however, failed to fulfill his part of the agreement, leading the company to pursue reimbursement through legal channels.

Despite Mayweather’s appeal, the California Court of Appeal upheld the lower court’s ruling on August 27, 2024. 

In response to the court’s decision, Alex Nwankwo, an executive at Zzini Media Concept, stated that the company’s victory stemmed from a strong case. He explained, “After several unsuccessful attempts to recover the appearance fees, the company filed a legal action against Mayweather in 2018, alleging breach of contract, unjust enrichment, and fraud.”