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Akin Alabi is to Sports betting in Nigeria what Alibaba is to comedy, and what 2Face and P square is to modern Nigeria music. Nairabet is the first legal sports betting company in Nigeria and the first to come up with a fully functional website. In this article I would be taking you on a ride on how Akin Alabi successfully started Sports bet (Nairabet) business in Nigeria and too it to a multi billion naira business. He is a fan of both shooting stars of Ibadan and Manchester United of England.

  • Nationality: Nigeria
  • Date Of Birth: March 31, 1977
  • Occupation: Entrepreneur, Bookmaker
  • Net Worth: $75 Million


The founder of Nairabet, Otunba Akin Alabi was born on March 31,1977 in Ibadan, Oyo State, Nigeria. His parents are Chief and Chief(Mrs) Adediran Alabi.


Akin Alabi began his education when he attended Command Children School, Ibadan and he proceeded to Federal Government College Enugu. He also went to Ibadan Polytechnic where he obtained a Higher National Diploma(HND) in Business Administration.
As the money started coming Akin Alabi went on to further education. He now holds a Master’s of Science (Msc) degree in Marketing from the University of Liverpool, United Kingdom.

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His quest for more knowledge led him to attend professional certificate courses in business, marketing and management in notable institutions worldwide. He holds a certificate in Intellectual Property Strategy from Harvard University, Boston, United States among others.


He is married to Oluwadamilare and they are blessed with two children Oluwalayomi and Ireoluwa Alabi.

Business Interests

Akin Alabi is the founder/CEO of Nairabet, which officially began operation in 2009. Before sports betting Akin Alabi used to have a forum called during the early 20’s where he usually discuss about how to make money online in Nigeria andĀ  many other internet activities such as information marketing, PayPal, making money online and lots more were being discussed in that forum.

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He signed Phyno and Crazyclown as brand ambassador to Nairabet.

Nairabet rake up to 5million naira or more on a daily basis, when they say Akin AlabiĀ  hit gold in sports betting don’t doubt.

Over The Top Entertainment

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.

Philanthropic Work

For a man that has been richly blessed, much is expected and Akin Alabi didn’t fail to live up to the hype. He founded Akin Alabi foundation, a non governmental and non profit organization. His foundation is aimed at improving the lives of average Nigerian. 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.

Political Ambitions

Akin Alabi contested for the position of the Federal House of Representatives in 2015 but lost. He ran to represent Egbeda/ Ona-Ara Federal constituency, Oyo State, under the People’s Democratic Party (PDP) but lost to the election to the candidate of the All Progressives Congress (APC). In a recent tweet he confirmed he will be contesting again for a political position in 2019.

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Akin Alabi net worth according to our calculations is $75 Million

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