Former Director General of National Sport Commission Otunba Gbenga Elegbeleye is on a roll right now. Like a trained dog with an excellent nose for sniffing out juicy bones, the Ondo State APC Chieftain is peerless when it comes to discovering little-known avenues for beneficial investments. While many rich men happened to have stumbled on their fortunes, Otunba Gbenga doesn’t depend on chance to score big.
Recently, he cast his business net into the waters of sports betting and launched iBet to challenge the duopoly of NairaBet and Bet9ja in the Nigerian betting sector. To say the business has turned into a money-spinner would be the understatement of the century. IBet has become the cow that never runs out of milk for Otunba Gbenga as he smiles to the bank on a daily basis.
The company which was launched to tremendous fanfare not too long ago has grown so much that the other two big betting companies cannot help but look over their shoulders in trepidation. The APC bigwig and one-time house of representatives member is on top of the world. Thanks to iBet and his other businesses, he has been contributing monetarily to the party’s election campaigns, especially the presidential election. He 8s also the proud employee of thousands of young Nigerians who would otherwise be roaming the streets. No wonder he treats any matter that concerns his betting company with utmost care.