A U.S. court has upheld a decision requiring former boxing champion Floyd Mayweather Jr. to pay $2.4 million in damages to Nigerian firm Zinni Media Concept Limited for breach of contract.
The dispute dates back to 2017, when Zinni Media entered into an agreement with Mayweather for a series of appearances in Africa, including Nigeria. However, Mayweather canceled the agreement and allegedly refused to return the advance payment.
After failed attempts to recover the funds, Zinni Media filed a lawsuit in 2018, accusing Mayweather of breach of contract and fraud. A California court ruled in favor of the Nigerian company in October 2023, awarding $1.64 million in damages, plus additional costs and interest, bringing the total to $2.4 million.
Despite an appeal, the appellate court upheld the ruling on August 27, 2024, and Mayweather has yet to settle the payment, which is accruing interest at 10 percent annually. The court has authorized U.S. attorneys to pursue the enforcement of the judgment, allowing them to target Mayweather’s assets, including his luxury cars.
Zinni Media’s media executive, Alex Nwankwo, expressed satisfaction with the court’s ruling, highlighting that both a lower court and the appellate court have ruled in the company’s favor.
