Segun Adebutu

Segun Adebutu was born to the family of Kesington Adebukunola Adebutu, founder and chairman of Premier Lotto Nigeria Limited, who hails from Iperu Remo, Ikenne Local Government, and Caroline Oladunni, from Odogbolu, both in Ogun State, South West Nigeria. Adebutu graduated in Economics from the University of Ibadan and started trading in oil and gas in 2004.

In 2014, Adebutu founded Oladiran Olusegun Adebutu (OOA) Foundation, a non-profit and non-political organisation, established and registered with CAC in the year 2014 and based in South West, Nigeria. Since 2014, OOA Foundation has been involved in philanthropic initiatives ranging from educational support, health support, nutritional support, psychosocial support, recreational support, shelter and provision of clean water. It was formally launched on Saturday, 22 October 2016 at Abeokuta, Ogun State, South West Nigeria.

Patrons of the Foundation many of whom graced the occasion and pledged their support for the Foundation include:

Chief Olusegun Obasanjo (Former President of Nigeria);

Dr. Sen. Grace Folashade Bent;

Former Chief Justice of Nigeria, Hon Justice Salihu Modibo Alfa Balgore;

Former Minister of Youth and Culture, Alabo Tonye Graham Douglas;

The organization works primarily on the economic empowerment, health, community investments, women and children in crisis in Nigeria. Through the philanthropic work of the Foundation, Adebutu and his team have adopted over 400 vulnerable children. It was also responsible for incubating over 500 youth-led micro-enterprises and setting up pioneering youth entrepreneurship programmes in Lagos and Osun States

Nigeria's Premium Times reported that a petition by Western Lotto's owner, Buruji Kashamu, triggered an investigation against rival company Premier Lotto, owned by Segun's father, Kesington Adebutu, Kashamu was a politician, Nigerian senator, and U.S. fugitive. It is claimed that Kashamu was the real identity of "Alhaji", the drug kingpin in Piper Kerman's book, Orange Is the New Black: My Year in a Women's Prison, which was adapted in the Netflix hit series Orange is the New Black.

Multiple officials at the lottery commission accused Kashamu of triggering the investigation because he wanted to dominate a section of the betting business in Nigeria. Following the petition the Economic and Financial Crimes Commission (EFCC) started investigating Segun's father's Premier Lotto for tax fraud. Segun Adebutu attended the questioning on his father's companys' behalf on 28 January 2020. Tony Orilade, chief spokesperson for the EFCC, did not immediately return a request seeking comments on the details of the investigation.

The investigation was summarily dismissed after further clarifications from the company, and the EFCC found no malpractices in the affairs of Premier Lotto and Adebutu. The factual basis of Kashamu's allegations remain unclear as the EFCC has not made its findings public.