Otunba Akin Alabi was born on the 31st of March 1977. He is a Nigerian entrepreneur and philanthropist. He is also the author of the business and marketing book, “Small Business Big Money” and also the founder of NairaBET.com, Nigeria’s first sports bookmaking company. He hails from Ibadan, the capital city of Oyo State, Nigeria. He had his primary education at Command Children School, Ibadan and secondary school education at Federal Government College Enugu. He proceeded to The Polytechnic, Ibadan where he obtained a Higher National Diploma in Business Administration. He holds a Masters of Science (Msc) degree in Marketing from the University of Liverpool, United Kingdom. He holds a certificate in Intellectual Property Strategy from Harvard University, Boston, United States.
Akin Alabi started his business career in 2003 writing and selling books, manuals and other information products. He proceeded to launching his own seminar and training company specializing in teaching and consulting for other young people starting their own small businesses. He also started publishing a business opportunity newspaper titled INCOME (now rested). To add to his publishing enterprise, Akin launched, World Soccer News, a weekly sports newspaper.
Akin has gone on to build many other businesses from scratch; one of them being NairaBET, Nigeria’s first online sports betting portal, with outlets across Nigeria. He got the idea for NairaBET when he visited the United Kingdom and went to a sports betting shop. He created an information manual about it and sold online. The success of the product prompted him to start his own online sports betting platform in Nigeria. Nairabet.com has its headquarters in Lagos with its nationwide operation regulated by the National Lottery Regulatory Commission. NairaBET is Nigeria’s first sports betting company.
Akin Alabi is involved in the Nigerian entertainment industry. He is the founder of Nightlife.NG, an online portal that showcases and reports the nightlife industry in Nigeria.
Akin Alabi is a football fan. He is a fan of Shooting Stars Sports Club (3SC) of Ibadan which his company, NairaBET sponsor. He is married with children.
Akin Alabi also dived into the world of entertainment industry, he is the owner of over the top entertainment record label in Nigeria which is home to the award winning hip-hop duo Skuki, and recently signed Sheliroy and Benijamz to the record label.
Last year, he resigned as CEO of the company. As an innovator and pioneer in the sports betting industry, Mr. Alabi has been at the helm of affairs at Nairabet since its creation in 2009. And since it was founded, he has helped the company rise fast.
He is resigned his position to take up an even more daring ambition: politics. The businessman was gunning for a seat in the Federal House of Representatives, leading the Egbeda Ona Ara federal constituency in the just concluded 2019 General Elections. Unfortunately, he lost.
Among other sports betting websites, Nairabet is now one of the biggest sports betting website in the country.
Akin Alabi net worth is roughly estimated to be about $78 Million.