TASK Professional Services

30/06/2026

MOST BUSINESSES ARE LOSING MONEY WITHOUT KNOWING IT

Every day, businesses focus on increasing sales, reducing costs, and improving profitability. Yet many overlook a major source of financial leakage—excess bank charges.

Over the years, we have discovered that many organizations unknowingly pay:

✓ Excess interest charges
✓ Unapproved fees
✓ Incorrect facility charges
✓ Uncredited interest earnings
✓ Duplicate deductions

These charges often remain undetected because they are embedded within complex bank statements and loan computations.

The question is: When was the last time your organization independently reviewed its banking transactions?

Recovering excess bank charges is not just about recovering money; it is about improving profitability and strengthening financial controls.

At TASK Professional Services, we help organizations identify, verify, and recover banking-related financial leakages.

Your bank statement deserves the same scrutiny as your financial statements.

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

Construction Html5 Template

25/06/2026

INTERNAL FINANCIAL LEAKAGES CAN DESTROY PROFITABLE BUSINESSES

A business may appear profitable on paper while losing significant funds internally through weak financial controls.

Many organisations focus heavily on revenue generation but pay little attention to operational leakages.

Common areas where businesses lose money include:
✔ Excess bank charges
✔ Duplicate supplier payments
✔ Weak inventory controls
✔ Payroll irregularities
✔ Unverified expenses
✔ Tax penalties from poor compliance
✔ Revenue leakages

Over time, these hidden losses reduce profitability, weaken cash flow, and affect business sustainability.

Strong internal control systems are no longer optional — they are essential for survival and growth.

Businesses should periodically conduct:
Financial process reviews
Bank reconciliation audits
Inventory verification
Payroll audits
Vendor reconciliation exercises
Tax compliance reviews

An effective control environment protects both profitability and reputation.

The most successful businesses are not only those that earn more, but those that effectively prevent avoidable losses.

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

18/06/2026

EXCESS BANK CHARGES AFFECT MORE THAN YOUR BANK ACCOUNT

Excess bank charges do more than reduce your account balance.
They can:
• Reduce profitability
• Distort financial performance
• Increase borrowing costs
• Create cash flow pressure
• Affect investment decisions
When management relies on inaccurate banking costs, strategic decisions can be impacted.

Periodic reviews provide visibility, transparency, and opportunities for recovery.
Good financial management is not only about generating income—it is also about preventing unnecessary losses.

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

08/06/2026

WHY ACCOUNTANTS AND AUDITORS MAY NOT DETECT EXCESS BANK CHARGES

One common misconception is that excess bank charges will automatically be identified during routine accounting or annual audits.

In reality, excess bank charge recovery requires specialized forensic review techniques, including:
• Analysis of facility agreements
• Review of interest computations
• Verification of approved banking tariffs
• Assessment of foreign exchange applications
• Detailed transaction-level reconciliation

Many excess charges remain unnoticed for years because they are hidden within thousands of banking transactions.

A dedicated bank charge review can uncover significant recoveries that directly improve cash flow.

Financial recovery starts with asking the right questions.
Has your organization ever conducted an independent review of its banking charges?

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
See less

Construction Html5 Template

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