Who owns NairaBET?
NairaBET is run by NairaBET operating company (name not published), Nigeria. It holds a licence from Nigeria - NLRC (federal). The ultimate owner is not published. Press reports this link; we have not confirmed it in a register yet.
| Ultimate owner | NairaBET (Private; founded by Akin Alabi (entrepreneur and member of Nigeria's House of Representatives); legal operating company not published on the site) |
|---|---|
| Operating company | NairaBET operating company (name not published), Nigeria |
| Licenses | Nigeria - NLRC (federal) reported |
| Products | Sports betting, Casino |
| Website | nairabet.com |
| Sister casinos | 0 |
| Fines and actions | 0 |
| Owner proof | reported |
| Last checked | 15 Oct 2026 |
Licences
| Regulator | Type | Valid | Check it |
|---|---|---|---|
| Nigeria - NLRC (federal) | — | reported | register |
About NairaBET
One of Nigeria's earliest home-grown sportsbooks, based in Lagos with a large retail outlet network. Its site footer says it is licensed and regulated by the federal National Lottery Regulatory Commission; it does not appear on the current Lagos (LSLGA) register.
Headquarters: NG · Founded: 2008 · Ownership: Private; founded by Akin Alabi (entrepreneur and member of Nigeria's House of Representatives); legal operating company not published on the site
How we know, and what we could not confirm
How we know: Founded by Akin Alabi around 2008-09; footer says it is licensed by the NLRC. Not on the current Lagos register.
- The ultimate owner (the people or company at the top) is not published.
- The owner link comes from press reports; we have not confirmed it in a register or in the brand’s own terms.
- We have no company registration number for NairaBET operating company (name not published).
Everything NairaBET owns, with fines and sources →
Ratings elsewhere
- Trustpilot: read the reviews there
Ratings from other websites, with their source. We do not copy their reviews, and they do not change our facts.
Questions and answers
Who owns NairaBET?
NairaBET operating company (name not published) runs it. The ultimate owner is not published. Press reports this link; we have not confirmed it in a register yet.
Is NairaBET licensed?
Yes. Its operator NairaBET operating company (name not published) holds a licence from Nigeria - NLRC (federal).
Has the owner of NairaBET been fined?
We have no regulator fines on record.
Sources
- https://web.archive.org/web/2026/https://www.nairabet.com/
- https://nairametrics.com/2021/12/11/akin-alabi-the-man-who-brought-sports-betting-to-nigerian-youths/
Last checked 15 Oct 2026. How we check facts. Gambling can be addictive. Help: BeGambleAware, GamStop, Gamblers Anonymous.