Otunba Akin AlabiCEO NairaBET
(Born 31 March 1977) is a Nigerian entrepreneur, philanthropist. He is 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.
Akin Alabi is the Mogaji (Head) of Ajiwogbo compound in Ibadan. He was appointed by the Olubadan of Ibadan, HRH Saliu Adetunji on Monday December 5, 2016.
Born in Ibadan, Ọyọ State, Nigeria, to Chief and Chief (Mrs) Adediran Alabi, Akin 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 involved in philanthropic works. He is the founder of Akin Alabi Foundation, a non-governmental, not for profit outfit, aimed at improving the well being of the average Nigerian.
With the motto, touching lives one person at a time, the foundation has successfully implemented projects like building and donating classrooms to primary schools, sinking of bore holes in areas where there is scarcity of water, financial empowerment of widows and a free business and career building event called Youth Enterprise Conference, held annually at Eko Hotel and Suites, Victoria Island, Lagos.
Akin Alabi is a member of the ruling All Progressives Congress (APC). He was once a member of the People’s Democratic Party (Nigeria). He has declared his intention to contest for a seat in Nigeria’s Federal House of Representatives. On June 20, Akin Alabi announced that he will be stepping down as CEO of Nairabet to concentrate on his political campaign.
Alabi emerged the winner of House of Representatives for the Egbeda/Ona Ara Federal Constituency in Oyo State during the 2019 general elections.
Akin Alabi is a football fan. He is a fan of Shooting Stars Sports Club (3SC) of Ibadan which his company, NairaBET sponsors. He is also a fan of Manchester United FC where he is a season ticket holder. He is married with children.