A court in the United States has upheld the decision that Floyd Mayweather Jr. must pay a sum of 2.4 million dollars to Zinni Media Concept Limited, which is a company based in Nigeria. This payment is required because Mayweather violated the terms of the contract they had agreed upon.
As explained in a statement by Alex Nwankwo, who is a media executive for the company, Zinni Media had entered into an agreement with Mayweather for him to make several public appearances in Africa. This included a scheduled appearance in Nigeria back in June 2017.
ALSO READ: IMT suspends exams over student’s tragic death on campus
Unfortunately, things took a turn for the worse when the former professional boxer decided to terminate the agreement on his own without any valid reason. He did not return the advance payment that Zinni Media had made to him for these services. Nwankwo mentioned that Mayweather’s legal team suggested that the company, not being incorporated in the United States, meant that he was not obligated to issue any refunds.
After many attempts that did not yield any results in recovering the fees for his appearances from Mayweather, Zinni Media finally took legal action against him in the year 2018. In this lawsuit, the company accused the famous boxer of breaching their contract, as well as unjust enrichment and committing fraud against them as a result of his actions.