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How Usain Bolt was scammed out of millions of dollars

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Usain Bolt was in tears when he attended the funeral of his late friend Germaine Mason

Usain Bolt, the fastest sprinter of all time, has met someone even faster than him – the person who stole $12.7 million from him.

The retired Jamaican athlete became the victim of a massive scam as he saw the $12.7 million he had in an investment company become $12,000 in just over two months. That happened at the tail end of 2022.

Usain Bolt’s lawyers had given whoever stole the money a 10-day window to return it. Despite this, the money did not return and Bolt was forced to try and take action.

The question is, where exactly has Botlt’s money gone? At the moment, neither he nor the FBI knows. Yes, it’s become a federal issue due to the enormity of the theft

The FBI investigates the facts

The FBI is investigating the events together with the Jamaican government, headed by the Minister of Finance, Nigel Clarke, who has apologized to those affected by the fraud and requested international assistance.

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The money he lost, held by a company known as ‘Stocks and Securities Limited (SSL)’, is obviously a huge blow to the former Olympian. Speaking to the Jamaican Observer, the sprinter said he was “not ruined, but he was hit” after losing a significant part of his assets.

“The losses have hit me. Everyone knows that I have three children and that I take care of my parents,” Bolt acknowledged in the Jamaican Observer.

In addition, Usain Bolt affirms that part of that money was going to be destined to go towards social work in Jamaica, since the athlete has always been very committed to all kinds of issues within his country.

‘I love my country’

“It is sad, because I have lost what I have worked hard for. But no matter what is happening, I love my country and I will always love it. I will do everything in my power to help,” said the athlete.

Bolt left a clear message on social networks. “In a world of lies, where is the truth? The Evil of History. What is the root? Money”.

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In addition to Usain Bolt, Nigel Clarke has reported that there are about 40 people more affected in the SSL fraud.

The amount of the fraud ascends, for the moment, to $3 billion dollars, which makes Bolt’s 12 million seem anecdotal in comparison.

According to Forbes magazine, Usain Bolt exceeded 100 million dollars in assets before these events occurred.

Far from broke

So despite the economic setback, the former Jamaican athlete should still have around $90 million of assets left.

Luckily for Usain Bolt, he plans to launch his own line of Puma sneakers – in true Michael Jordan style – if all goes well, he should quickly recover his lost fortune

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Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

Athletics

Future Olympian Athletics Classic Shifted to Late 2026 for Nationwide Expansion

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Bruce Ijirigho, a former quarter-miler and Team Nigeria captain to the 1976 Summer Olympics

The Future Olympian Athletics Classic has been rescheduled from the first quarter of 2026 to the last quarter of the year, as organisers move to transform the meet into a truly national developmental programme spanning Nigeria’s six geopolitical zones.

In a statement signed by Bruce Ijirigho, a former quarter-miler and Team Nigeria captain to the 1976 Summer Olympics, the postponement was described as a strategic decision aimed at broadening participation and ensuring that young talents across the country are discovered and nurtured systematically.

The competition is being organised by the Youth Sports Renaissance Foundation (YSRF), a non-profit organisation registered with the Corporate Affairs Commission by Ijirigho, Godwin Obasogie and Charlton Ehizuelen. The foundation’s primary objective is to revive athletics, particularly at the secondary school level, and rebuild Nigeria’s once-thriving grassroots sports culture.

Ijirigho, who serves as Project Lead, explained that the initiative is not about creating something entirely new but about restoring a proven system that once produced champions.

“This competition is not about reinventing the wheel,” he said. “It is about bringing back the culture that ensured that my contemporaries and I were discovered early in secondary school, received the right coaching and academic support, and went on to earn scholarships while combining sports with education. Many of us later became national, continental and global champions.”

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He identified early exposure and modern, age-appropriate coaching as the missing links in youth development across Nigeria and much of Africa.

“The bane of sports in Nigeria and many African countries is that our youth don’t get opportunities early enough and lack modern coaching techniques that accelerate their development,” Ijirigho stated.

According to him, the Future Olympian Athletics Classic will go beyond competition by incorporating international coaching clinics designed to transfer contemporary skills and knowledge to Games masters and grassroots coaches nationwide.

“The Classic will not only discover talents in their early teens but also upgrade the capacity of our coaches. That way, we will nurture them properly to become Olympians and world beaters in their late teens and early twenties. This programme is strictly for high school students because it is developmental.”

The decision to expand the event to all six geopolitical zones, he noted, reflects a commitment to inclusivity and equal opportunity.

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“Talents abound in every nook and cranny of the country. There are middle- and long-distance runners, sprinters, quarter-milers, jumpers and hurdlers who were either not discovered at all or discovered too late. With this postponement, we can widen the tent and give every Nigerian child a fair chance.”

Ijirigho expressed confidence that with proper planning and sustained grassroots investment, Nigeria can reclaim its place at the summit of global athletics.

“We have what it takes to dominate athletics worldwide. All we need is to get our development programme right. The Future Olympian Athletics Classic will lay that foundation for our youth and for the country when it begins in the last quarter of 2026.”

With its expanded national scope and emphasis on structured youth development, the initiative signals a renewed push to reposition Nigerian athletics for long-term global success.

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Athletics

Kenya’s Kipchumba Wins Big as East Africans Dominate 11th Access Bank Lagos City Marathon

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Kenya’s Ezra Kipchumba Kering delivered a commanding Valentine’s Day performance to win the 11th edition of the Access Bank Lagos City Marathon on Saturday.

Kipchumba surged to the finish line at Eko Atlantic City in an impressive time of 2:11:55, clinching the $50,000 winner’s prize in one of Africa’s most prestigious road races. His decisive kick in the closing stages sealed a memorable triumph in a fiercely contested men’s elite race.

Uganda completed a strong showing on the podium, with Lomoi Samuel finishing just four seconds behind the winner in 2:11:59, while compatriot Namutala Kephar Lumbasi secured third place in 2:12:25 to underline East Africa’s dominance in the men’s event.

The Gold Label marathon, organised by Nilayo Sports Management Limited under the leadership of Managing Director Mrs Yetunde Olopade, once again lived up to its billing as a premier long-distance spectacle, attracting top-tier athletes from across the continent and beyond.

In the women’s race, Ethiopia’s Dinke Meseret Meleka claimed top honours, crossing the line in 2:37:36 after a determined run. Kenya’s Daniel Flomena Cheyech followed closely in 2:37:43, while Ethiopia’s Getaw Wgagen Zewdalem finished third in 2:38:59 to complete a tightly fought podium finish.

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With another thrilling chapter added to its history, the Access Bank Lagos City Marathon reaffirmed its growing stature as a leading destination for elite runners and a major highlight on Africa’s athletics calendar.

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Athletics

Organisers Hail 11th Access Bank Lagos City Marathon as ‘Iconic’ Start of New Decade

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By Kunle Solaja.

The organisers of the gold-labelled Access Bank Lagos City Marathon have described Saturday’s 11th edition as an iconic milestone that ushers in a new decade for one of Africa’s most prestigious road races.

Speaking at a press conference held at the headquarters of Access Bank in Lagos, the Managing Director of Nilayo Sports Management Limited, Mrs Yetunde Olopade, said the 2026 edition represents growth, resilience and renewed ambition for the marathon.

“This 11th edition is symbolic for us. It is not just another race; it signals the beginning of another decade of excellence, impact and global recognition for the Access Bank Lagos City Marathon,” Olopade said.

She expressed appreciation to Access Bank, corporate sponsors and the Lagos State Government for their unwavering support and commitment to the annual event.

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“We are deeply grateful to Access Bank, our valued sponsors and the Lagos State Government for their consistency and belief in this vision. Together, we have built one of the most revered road races in Africa, and this year’s event will be nothing short of world-class,” she added.

Olopade assured runners, partners and spectators of a top-quality race that would further consolidate the marathon’s international standing and enhance its global profile.

Also speaking at the event, the Director General of the Lagos State Sports Commission, Lekan Fatodu, commended the organisers for their professionalism and dedication, noting that the marathon has continued to elevate Lagos’ image globally.

“The Lagos State Government remains fully committed to supporting the Access Bank Lagos City Marathon because it continues to put Lagos on the global map in a positive light,” Fatodu said.

“This race is more than a sporting event; it is a celebration of our culture, resilience and capacity to host world-class events. We will continue to provide the enabling environment for it to thrive.”

Adding his voice, Dr Nadeem Khan, President of the International Association of Ultra Runners, described the marathon’s evolution over the years as remarkable.

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“The progression I have seen at the Access Bank Lagos City Marathon is truly phenomenal. Year after year, the race keeps improving in standards, organisation and global appeal,” Khan said.

The 2026 edition is expected to attract elite athletes from across the world, further reinforcing the marathon’s reputation as one of Africa’s leading road races and a flagship sporting event for Nigeria.

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