TASK Professional Services

01/06/2026

RECOVERING EXCESS BANK CHARGES WITHOUT LITIGATION

Many companies assume recovering excess bank charges automatically leads to lengthy court disputes.
In reality, a large percentage of recoveries can be achieved through professional engagement, evidence-based reconciliation, and structured negotiation.

Successful recovery processes often involve:
✔ Detailed forensic review
✔ Proper documentation
✔ Regulatory references
✔ Facility agreement analysis
✔ Constructive engagement with the bank
Where strong evidence exists, many banks are willing to reconcile identified excesses and process adjustments accordingly.
The key is approaching the matter professionally and strategically.

Businesses should avoid emotional confrontations and instead rely on:
Accurate financial evidence
Regulatory compliance review
Proper escalation channels
An experienced recovery process protects both the client’s funds and banking relationship.

Professional recovery is about facts, documentation, and process.

Contact us for further clarification and engagement.

Akindele Oluwatimiro MBA, FCA
Managing Partner
TASK Professional Services
1, Ajiboye Street,
Off Olu Akerele Street,
Ikeja, Lagos.
08023835709 & 08106834444
[email protected] & [email protected]
www.taskprofessional.com
See less

Construction Html5 Template

25/05/2026

WHY EVERY HIGH - TRANSACTION BUSINESS NEEDS PERIODIC BANK CHARGES REVIEWS

Businesses that process high transaction volumes are naturally exposed to higher banking risks.
Industries such as:
Manufacturing
Oil & gas
Trading
Hospitality
Construction
Import/export
Telecommunications

often maintain multiple accounts, process large payments, and operate several banking facilities simultaneously.
This increases the likelihood of:

✔ Wrong interest applications
✔ Duplicate charges
✔ FX conversion errors
✔ Excess transaction fees
✔ Unapproved commissions
✔ Wrong VAT applications

Because these deductions occur across thousands of transactions, businesses rarely detect them without independent forensic analysis.
A periodic bank charge review should be treated as a financial health check for the organisation.

The benefits include:
Improved profitability
Better banking transparency
Stronger cash flow management
Reduced operational waste
Recovery of excess deductions
Businesses should not wait until financial pressure arises before reviewing their banking activities.

Prevention is always cheaper than recovery.

Akindele Oluwatimiro FCA
Managing Partner
TASK Professional Services
1, Ajiboye Street,
Off Olu Akerele Street,
Ikeja, Lagos.
08023835709 & 08106834444
[email protected]
www.taskprofessional.com

Construction Html5 Template

18/05/2026

DORMANT AND CLOSED ACCOUNTS MAY STILL HOLD RECOVERABLE FUNDS

Many organisations maintain multiple bank accounts across different banks over several years.

During restructuring, management changes, mergers, or operational transitions, some accounts become inactive, dormant, or abandoned without proper reconciliation.

What many businesses do not know is that these accounts may still contain:

✔ Unreconciled balances
✔ Uncredited interest
✔ Pending refunds
✔ Excess deductions
✔ Trapped cash balances
✔ Unresolved transaction reversals

Some dormant accounts also continue attracting maintenance charges and penalties long after business activities have stopped.

Without proper forensic tracing and reconciliation, businesses may permanently lose access to these funds.

A structured recovery process usually involves:
Historical statement analysis
Confirmation of account status
Reconciliation of all charges
Engagement with the banks
Escalation where necessary

For companies operating for many years, dormant account recovery can unlock funds that have remained unnoticed for years.

Financial recovery is not only about generating new income. Sometimes, it begins with recovering what already belongs to the business.

Akindele Oluwatimiro MBA, FCA
Managing Partner
TASK Professional Services
1, Ajiboye Street,
Off Olu Akerele Street,
Ikeja, Lagos.
08023835709 & 08106834444
[email protected] & [email protected]
www.taskprofessional.com

Construction Html5 Template

15/05/2026

Why Many Businesses Continue Paying Wrong Loan Interest for Years

Loan facilities are meant to support business growth, but poorly monitored facilities can become major financial burdens.
Many businesses accept monthly loan deductions without verifying whether the interest computation aligns with approved terms and conditions.

In our experience, common issues found during facility reviews include:
✔ Interest rates applied above approved limits
✔ Wrong penal interest calculations
✔ Charges beyond agreed tenure
✔ Incorrect compounding methods
✔ Unapproved fees and commissions
✔ Failure to apply negotiated concessions

The challenge is that these errors are rarely obvious. They are usually hidden within complex banking computations that most businesses never independently review.
This is why facility monitoring should not end after loan approval.

Every business with overdrafts, term loans, import finance, or commercial facilities should periodically request:
Detailed interest computation schedules
Facility utilization statements
Breakdown of all applied charges
Confirmation of agreed rates and terms

A proper forensic review can uncover opportunities to:

✔ Recover excess charges already paid
✔ Renegotiate facility pricing
✔ Reduce monthly interest burden
✔ Improve business liquidity

Akindele Oluwatimiro MBA, FCA
Managing Partner
TASK Professional Services
1, Ajiboye Street,
Off Olu Akerele Street,
Ikeja, Lagos.
08023835709,08106834444
[email protected]
www.taskprofessional.com

Construction Html5 Template

15/05/2026

YOU MAY BE OWED MILLIONS IN EXCESS BANK CHARGES

If your company operates in any sectors in Nigeria, chances are you’ve been overcharged by your banks—without even knowing it.

At TASK Professional Services, we specialize in recovering excess and unauthorized bank charges for corporate organizations across Nigeria. These include:

Excess interest charges
Inflated COT and account maintenance fees
Illegal deductions on FX transactions and project accounts
Non-compliance with CBN guidelines on charges
Why This Matters to You:
corporate organizations operations involve large, complex financial transactions—which are often mishandled by banks
Most finance teams are too busy with operations to track every detail
We’ve recovered millions of naira for companies
What We Offer:
Expert review of your company’s bank accounts
Full recovery of excess charges
– handled professionally
-No disruption to your operations
-Zero upfront payment – we earn only when you recover -No Recovery, No Fee.

Contact us:
TASK Professional Services
www.taskprofessional.com
[email protected]
08106834444 & 08023835709

11/05/2026

THE SILENT PROFIT KILLER IN MANY BUSINESSES: EXCESS BANK CHARGES

Many businesses spend years trying to improve sales and profitability without realizing that a significant portion of their earnings is gradually lost through avoidable banking charges.

These deductions often go unnoticed because they appear technical, routine, and embedded within lengthy bank statements.

Common examples include:

✔ Excess interest on loans and overdrafts

✔ Incorrect facility management fees

✔ Unauthorized commissions and processing fees

✔ Duplicate transaction charges

✔ Uncredited interest earned on deposits

✔ Wrong foreign exchange applications

✔ Excess penal charges

Over time, these seemingly small deductions accumulate into substantial financial losses.

Unfortunately, most organisations only discover these issues after an independent forensic review is carried out.

One important misconception in many companies is believing that excess bank charges detection is automatically covered during routine accounting or annual audit exercises. In reality, identifying banking irregularities requires specialized forensic analysis, detailed understanding of banking regulations, and careful review of facility agreements.

A professional bank charges review can help businesses:

Recover lost funds

Improve cash flow

Reduce financing costs

Strengthen financial controls

Improve future banking relationships

Every organisation operating multiple bank accounts or loan facilities should periodically review its banking transactions.

Your bank statement should never be treated as “always correct” without verification.

Akindele Oluwatimiro MBA, FCA

Managing Partner

TASK Professional Services

1, Ajiboye Street,

Off Olu Akerele Street,

Ikeja, Lagos.

08023835709 & 08106834444

[email protected]

www.taskprofessional.com

Construction Html5 Template

09/05/2026

Hidden Profit Opportunity for Nigerian Businesses

Many companies focus heavily on generating new revenue but overlook recovering funds already lost through excess bank charges.
In some cases, organizations have maintained banking relationships for 10, 15, or even 20 years without conducting a comprehensive review of charges applied to their accounts.

During forensic reviews, it is not unusual to discover:
• Excess interest on credit facilities
• Unauthorized bank fees
• Incorrect loan amortization calculations
• Misapplied penalties and charges
These errors can accumulate quietly over time.
Recovering these funds can significantly improve an organization's cash flow, profitability, and financial stability.

A proactive business should periodically review its banking transactions to ensure that every charge applied is accurate, authorized, and compliant with regulatory guidelines.
Sometimes, the easiest way to improve your bottom line is simply to recover what should never have been taken.

Akindele Oluwatimiro MBA, FCA

Managing Partner
TASK Professional Services
1, Ajiboye Street,
Off Olu Akerele Street,
Ikeja, Lagos.
08023835709 & 08106834444
[email protected] & [email protected]

www.taskprofessional.com

Construction Html5 Template

06/05/2026

Did You Know? Many Nigerian Companies Are Losing Millions to Excess Bank Charges.

Over the years, we have discovered that many businesses unknowingly pay excess bank charges on their accounts, loans, and overdraft facilities.

These charges often arise from:

• Incorrect interest calculations

• Charges outside approved banking guidelines

• Unapproved fees and commissions

• Excessive penalties on facilities

Most organizations assume their banks are always correct. Unfortunately, detailed forensic reviews often reveal otherwise.

The truth is banks process millions of transactions daily, and errors do occur.

The good news is that these excess charges can be identified, challenged, and recovered through a professional forensic banking review.

For companies that have operated accounts for 5–10 years or more, the recoverable amount can sometimes be very substantial.

Many organizations strengthen their financial position simply by recovering funds that should never have been deducted in the first place.

If your organization has never conducted a forensic review of its bank charges, it may be time to do so.

Akindele Oluwatimiro FCA

Managing Partner

TASK Professional Services

1, Ajiboye Street,

Off Olu Akerele Street,

Ikeja, Lagos.

08023835709,08106834444

[email protected]

www.taskprofessional.com

Construction Html5 Template

29/04/2026

WHY 80% OF NIGERIAN COMPANIES HAVE NEVER VERIFIED THEIR BANK CHARGES

One of the most overlooked areas of financial control in many Nigerian organizations is verification of bank charges.
Most companies carefully monitor expenses such as procurement, payroll, taxation, and operational costs. However, when it comes to charges applied by banks, many organizations simply assume that every deduction is correct.
The reality is quite different.
Across the banking industry, millions of transactions are processed daily. With such high volumes, errors in interest calculations, fees, and commissions can occur. Yet many of these discrepancies remain undetected for years.

Why Many Companies Do Not Verify Bank Charges
Several factors contribute to this oversight:
• Assumption of accuracy – Many organizations believe banks always apply charges correctly.
• Complex banking calculations – Loan interest, overdraft charges, and other fees can be technically complex to verify.
• Lack of specialized expertise – Detecting excess charges often requires forensic banking analysis and detailed knowledge of banking regulations.
• Operational priorities – Finance departments are usually focused on financial reporting, taxation, and compliance obligations.
As a result, companies may maintain banking relationships for 10, 15, or even 20 years without ever conducting an independent review of charges applied to their accounts.

The Financial Impact
While individual discrepancies may appear small, the cumulative effect over several years can be significant, especially for organizations that operate:
• Large transaction volumes
• Multiple bank accounts
• Loan or overdraft facilities
• Foreign currency transactions
This is why many businesses that eventually conduct a detailed review of their bank statements sometimes discover recoverable excess charges accumulated over time.

A Financial Governance Issue
Forward-looking organizations are beginning to treat bank charge verification as part of their financial risk management framework.
Just as companies conduct periodic audits of procurement, payroll, and tax obligations, reviewing bank charges helps ensure that:
✔ All deductions are legitimate
✔ Charges comply with applicable banking guidelines
✔ Interest calculations align with facility agreements

A Simple Question for Business Leaders
When last did your organization conduct an independent verification of its bank charges?
Sometimes, the easiest way to improve a company’s financial position is simply to ensure that every naira deducted from its bank account is accurate and justified.

Akindele Oluwatimiro FCA
Managing Partner
TASK Professional Services
1, Ajiboye Street,
Off Olu Akerele Street,
Ikeja, Lagos.
08023835709,08106834444
[email protected] & [email protected]
www.taskprofessional.com

hashtag hashtag hashtag hashtag hashtag hashtag

Construction Html5 Template