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The Day Dangote Bargained Eko Hotel Car Park Fee from N5,000 to N1,000 - Bismarck Rewane

Posted by George on Thu 28th Jan, 2016 - tori.ng

A close friend and business associate of Nigeria's business mogul, Aliko Dangote has narrated how he negotiated against an obnoxious charge for using a car park.

Aliko Dangote and Bismarck Rewane

Dangote's longtime friend, Bismarck Rewane, CEO of consultancy firm Financial Derivatives, in an interview with Reuters recalled a business dinner they had at Eko Hotel in Victoria Island. According to Rewane, when he and the billionaire businessman left in Dangote's black Mercedes, the hotel staff had charged 5,000 Naira for parking, which was in excess, but nothing for a man of Dangote's wealth.

Suspecting the rip-off, Rewane said Dangote negotiated it down to 1,000 Naira. In Rewane's words, "He (Dangote) spent a good few minutes doing it. I said to him: 'let's just go. Our time is more valuable than a few thousand naira. But he wouldn't let it go. He smiled afterward. He was so happy he'd got a good deal."

Although his net worth is about $14.1billion as of today, Aliko Dangote deplores being wasteful with money. The billionaire CEO/founder of Dangote Group is Africa's richest man.

Dangote owns a private jet, a yacht as well as choice properties in Ikoyi, and Victoria Island, exclusive playgrounds of ultra-wealthy Nigerians in Lagos. By the standards of some Nigerian billionaires, Dangote is not that extravagant, but is not always so frugal.