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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

AFN Fixes June Dates for Commonwealth Games Trials as Race to Glasgow Begins

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The Athletics Federation of Nigeria (AFN) has officially set the ball rolling for the selection of Team Nigeria’s athletics contingent to the 2026 Commonwealth Games, announcing June 20 to 22 as the dates for the national trials in Lagos.

The three-day championship, scheduled for the Yaba College of Technology (YABATECH) Sports Complex, will serve as the sole selection event for athletes seeking to represent Nigeria at the Commonwealth Games in Glasgow, Scotland.

In a statement released by the federation, the AFN emphasised that participation in the trials is compulsory for all athletes aspiring to make Team Nigeria, making the competition a critical stage in the country’s preparations for the Games.

The event is expected to attract the nation’s leading track and field stars, alongside a new generation of emerging talents eager to secure a place on the national team.

A total of 32 events for men and women will be contested during the championships, offering athletes opportunities to demonstrate their readiness for international competition.

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However, the federation announced that participation in the men’s and women’s 100 metres, 200 metres and 400 metres events will be limited to athletes who have attained the prescribed qualifying standards. All other track and field events will remain open to eligible competitors.

According to the AFN, the arrangement is designed to ensure that only athletes who have demonstrated the required level of performance compete in the sprint events while maintaining broad participation across other disciplines.

Athletes are expected to arrive in Lagos on June 19, with departures scheduled for June 23.

To support athletes in their quest for qualification, the federation announced that accommodation will be provided to competitors who have achieved the stipulated qualifying marks during the qualification period. The list of eligible athletes is expected to be published in the coming days.

The trials are expected to produce intense competition as athletes battle for limited places on Team Nigeria. With the country traditionally regarded as one of Africa’s leading athletics nations, selection is likely to be fiercely contested across several events.

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AFN President, Chief Tonobok Okowa, described the trials as a major milestone in Nigeria’s build-up to Glasgow 2026 and called on athletics enthusiasts and stakeholders to support the athletes throughout the championship.

Okowa expressed confidence that the event would help identify the country’s strongest athletes and provide selectors with the best possible team for the Commonwealth Games.

He also commended the leadership of the National Sports Commission for its continued support of the federation, noting that the backing has strengthened efforts to develop athletics and enhance elite athletes’ performance.

With the countdown to the Commonwealth Games gathering momentum, attention will now shift to Lagos, where athletes will compete for the opportunity to wear Nigeria’s green-and-white colours on one of the biggest stages in international sport.

For hopefuls targeting Glasgow 2026, the message from the AFN is clear: the journey to the Commonwealth Games begins at the YABATECH Sports Complex this month.

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Umo Eno’s Sports Investment Yields Medals for Akwa Ibom Athletes

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The Akwa Ibom State Government’s sustained investment in sports development under Governor Umo Eno is beginning to produce significant results, with athletes from the state returning from the African Senior Athletics Championship in Ghana with medals and qualifications for future international competitions.

This was disclosed on Monday by the Akwa Ibom State Commissioner for Sports, Paul Bassey, during a reception held at his office for athletes from the state who represented Nigeria at the continental championship staged in Ghana from May 10 to 17.

The athletes delivered impressive performances for Team Nigeria, winning gold medals in relay events and reinforcing the growing reputation of Akwa Ibom as one of the country’s emerging hubs for athletics excellence.

Speaking during the reception, Bassey praised the athletes for making both the state and Nigeria proud, attributing their achievements to the deliberate sports development policies introduced by Governor Eno’s administration.

According to him, the establishment of a stand-alone Ministry of Sports by the governor reflects the administration’s determination to give sports-focused attention and create opportunities for athletes to thrive at both national and international levels.

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“Akwa Ibom is proud of you. You did not just qualify to represent the country; you went there and won gold medals,” Bassey said.

“Sports have always thrived in the state, but the renewed intentionality of His Excellency inspires us greatly. That is why he established a stand-alone Ministry of Sports to ensure focused attention on the sector. We sincerely appreciate his unwavering support.”

The commissioner assured the athletes and their coaches that the government would continue to honour and support them despite the political activities leading up to next year’s elections.

He added that the administration remains committed to projecting Akwa Ibom athletes to greater heights on the global sporting stage.

Head Coach of the state Athletics Association, Dan Umoette, also commended the state government and the Ministry of Sports for their consistent support, saying the encouragement has motivated athletes to pursue excellence and podium finishes.

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Umoette revealed that three Akwa Ibom athletes were part of the Nigerian relay quartet that won gold in the 4×400 metres event at the championship.

One of the athletes, Comfort James, Nigeria’s women’s 800 metres record holder, described the government’s public backing as a major morale booster.

“We have not enjoyed opportunities like this before, where the entire government and the Ministry of Sports openly support us,” she said.

“It has boosted our morale and helped us stand out. We hope to do even more in future competitions because we know we are not limited.”

Among the Akwa Ibom athletes who represented Nigeria at the championship were Esther Okon and Jacinta Lawrence, who won gold in the women’s 4×400 metres relay final.

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Ezekiel Eno Asuquo and Victor Sampson also claimed gold medals in the mixed 4×400 metres relay event.

Other members of the contingent included Comfort James in the women’s 800 metres and Clergy Edet in the women’s high jump competition.

Senior officials of the Ministry of Sports present at the reception included Permanent Secretary Mrs Rosemary Ubia, Director of Sports Mrs Brigid Otton, Director of Organising Mrs Margaret Ekpo, and Director of Coaching and Technical Unit Mrs Kate Ekuta.

Also present were coaches Kenti Christopher and Janet Ba.

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London Marathon breaks record for largest number of finishers

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 London Marathon - London, Britain - April 26, 2026 General view of runners and spectators on Tower Bridge during the marathon REUTERS/Jaimi Joy

The London Marathon broke the record for the highest number of ​finishers in a marathon, with 59,830 ‌participants completing the course to surpass the mark of 59,226 at last year’s New ​York City event.

Kenya’s Sabastian Sawe ​shattered the world record to become ⁠the first man to run the ​marathon in under two hours, followed ​by Ethiopia’s Yomif Kejelcha, who also breached the two-hour barrier on Sunday.

“To then break the ​record of the largest number of ​finishers in the history of marathons underlines the ‌inspirational ⁠nature of the London Marathon. We are incredibly proud to have set a new Guinness World Record,” said ​Hugh Brasher, ​CEO of ⁠London Marathon Events.

In the women’s race, three women ran ​under two hours and 16 ​minutes ⁠in a single race for the first time ever, as Ethiopia’s Tigst Assefa ⁠defended ​her title by shattering ​her own women ‘s-only world record

-Reuters

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