Boxing legend Floyd Mayweather is reportedly set to lose his Bugatti and Ferrari cars after he failed to pay a Nigerian company $2.4million. According to reports in the Nigerian media, a court in California has ordered Mayweather to pay up.

The undefeated, five-weight world champion has reportedly been found guilty of breaching an agreement to make promotional visits to African countries, including Nigeria, and also found guilty of fraud by the California Court of Appeal.

As reported by GhanaWeb, Mayweather has been ordered to pay Nigerian company Zzini Media Concept Limited. The company are said to have made a deal with the retired boxer which required him to make several visits to Africa, beginning in Nigeria in June 2017.

However, Mayweather is said to have failed to fulfill his side of the agreement, which led the company to pursue legal channels seeking reimbursement. Mayweather's team reportedly argued that since the company was not based in the U.S., it lacked the authority to enforce payment.

Mayweather reportedly refused to pay the amount which prompted the court to issue a fresh order against his assets, namely his 2015 Bugatti GSV or his 2015 Ferrari LaFerrari Aperta.

Despite this, Zzini Media Concept filed a lawsuit in a lower court and won. The court ordered the 47-year-old to pay $1,638,542 in damages, $721,881.32 in prejudgement interest, $16,270 in attorney fees, and $285 in court costs.

An executive at the media company, Alex Nwankwo, is quoted as saying about the company's legal victory. "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.

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"We are grateful that two courts have granted Zzini Media Ltd's request to impose sanctions against Mayweather," the statement is reported to have read.

A statement from the company is stated as saying: "We have already defeated Mayweather and his attorneys numerous times in these proceedings, so the enforcement of the judgement will proceed.

"Our forensic investigators have also uncovered substantial assets indicating that Mayweather has been overstating his net worth."

Mayweather and his team are yet to release any statement or publicly address the court case and its findings.