U.S. Court Orders Floyd Mayweather to Pay $2.4 Million to Nigerian Firm for Breach of Contract

U.S. Court Orders Floyd Mayweather to Pay $2.4 Million to Nigerian Firm for Breach of Contract: A U.S. court has upheld a ruling requiring former world boxing champion Floyd Mayweather

Jr. to pay $2.4 million in damages to Zinni Media Concept Limited, a Nigerian company, for breach of contract. This decision comes after Zinni Media sued Mayweather for canceling an agreement

made in June 2017, which involved the boxer making appearances in Africa, including in Nigeria. According to Alex Nwankwo, Zinni Media’s media executive, Mayweather unilaterally terminated

the contract and refused to return the advance payment made by the company.

Nwankwo further claimed that Mayweather’s legal team argued he did not have to refund the money because Zinni Media was not based in the United States. After several failed attempts to recover the fees,

the company filed a lawsuit in 2018, accusing Mayweather of breach of contract,

unjust enrichment, and fraud. Nwankwo expressed satisfaction that two courts have ruled in favor of Zinni Media.

the court

In October 2023, a lower court in California ordered Mayweather to pay

$1.64 million in damages, $721,881 in prejudgment interest, $16,270 in attorney

fees, and $285 in costs, amounting to a total of $2.38 million. Mayweather appealed the decision, but in August 2024, appellate court clerk Eva McClintock upheld the ruling.

Despite the court’s decision, Mayweather has yet to settle the amount,

which is accruing interest at 10 percent annually. To enforce the judgment,

U.S. attorneys have been authorized to target Mayweather’s luxury assets, specifically his 2015 Bugatti Veyron or his 2015 Ferrari LaFerrari Aperta, both of which are valued above the owed damages.