Breaking News: Floyd Mayweather’s $2.4 million debt to Nigerian media firm from 2023 now nearly $3 million with interest…see more

In 2023, former boxing world champion Floyd Mayweather Jr. was ordered by a U.S. court to pay $2.4 million in damages to Zinni Media Concept Limited, a Nigerian media company, for breach of contract. With accrued interest, the total now approaches $3 million.

According to Alex Nwankwo, a media executive at Zinni Media, the company signed an agreement with Mayweather in June 2017 for him to make several appearances in Africa, including an event in Nigeria. In 2023, a Los Angeles court awarded Zinni Media the $2.4 million judgment.

A lower California court in October 2023 detailed the damages: $1,638,542 in principal, $721,881 in prejudgment interest, $16,270 in attorney fees, and $285 in costs, totalling $2,376,978.

Mayweather appealed, but the appeal was denied. The court has authorised U.S. attorneys to pursue enforcement by targeting Mayweather’s luxury vehicles, including a 2015 Bugatti Veyron and a 2015 Ferrari LaFerrari Aperta, both valued above the owed amount.

Nwankwo alleged that Mayweather’s legal team initially suggested the boxer could avoid repayment because Zinni Media is not based in the U.S.