This document is a proposal from MCL Solutions Limited, a finance consultancy and software development firm, to review bank charges and recover excess charges imposed on past transactions for a client. MCL uses their specialized Bank Charges and Reconciliation Software (Banker) to accurately analyze transactions and identify areas where banks have overcharged fees and interest. They are proposing to conduct a review of the client's past bank transactions and recover any excess charges identified, or install their Banker software to help the client manage their accounts and identify overcharges going forward. The document provides examples of common ways banks overcharge and explains the capabilities of the Banker software to detect these issues.

1. MCL SOLUTIONS LIMITED o Bank Charges/Reconciliation Software
The Solutions Provider o Recovery of Excess Bank Charges
2B, Bola Crescent, Off Anthony Village Road, Anthony, Lagos, Nigeria. o Funds Procurement
Tel:... 234–1–8707669, 802–3187506, 809–8187506 o Training
E-mail: contact@mclsolutionslimited.com
Website: www.mclsolutionslimited.com o Software Development
Proposal
REVIEW OF BANK CHARGES AND RECOVERY OF
EXCESS CHARGES ON PAST TRANSACTIONS USING
OUR BANK CHARGES AND RECONCILIATION
SOFTWARE (BANKER)
Presented To
...................................,
..............................................,
...................................,
........................,
................
Attention:..........................................
God is able...

2. MCL SOLUTIONS LIMITED o Bank Charges/Reconciliation Software
The Solutions Provider o Recovery of Excess Bank Charges
2B, Bola Crescent, Off Anthony Village Road, Anthony, Lagos, Nigeria. o Funds Procurement
Tel:... 234–1–8707669, 802–3187506, 809–8187506 o Training
E-mail: contact@mclsolutionslimited.com
Website: www.mclsolutionslimited.com o Software Development
25th May, 2012.
....................................,
..................................,
............................,
......................,
...............
Attention: ..................................
Sir,
REVIEW OF BANK CHARGES AND RECOVERY OF EXCESS CHARGES ON
PAST TRANSACTIONS USING OUR BANK CHARGES AND RECONCILIATION
SOFTWARE (BANKER)
We are a finance consultancy firm and we specialise in review of bank charges to
recover excess charges imposed on our clients by their banks. To maximise the
recoverable excess charges with utmost accuracy and undeniable proof, we use our
specialised Bank Charges and Reconciliation Software (called Banker) developed in
accordance with local/international monetary standard by our software development
team. With the recovery of excess bank charges, we make our clients’ past
business activities more rewarding and reduce cost of funds for onward business
activities. In the course of the review exercise, our software scrutinise areas where
banks might have inadvertently or advertently:
1. overcharged debit interest
2. overcharged fees on facilities granted
3. overcharged COT and VAT on COT
4. charged COT on non-COTable transactions
5. undercredited interest on savings/deposit/investment accounts
6. charged VAT on non-VATable transactions
7. reversed funds transaction for COT/interest gain
8. backdated/postdated value dates to with-hold funds from cleared cheques
9. debited your account with ‘unknown’ cheques
10. denied your accounts of your legitimate funds
As a result, we are hereby proposing to review the bank charges on your past bank
transactions with a view to recover the excess charges imposed on your accounts so
God is able...

3. far and/or install our bank charges and reconciliation software for your organisations
with training of your officials to manage your bank accounts and facilitate
subsequent in-house review exercise.
Attached is a brief write-up exposing few of the ways your bank(s) might have over-
debited and/or under-credited your accounts, terms of service and references.
In view of the above, we would appreciate having the opportunity to do a
presentation of our review services and software to your selected team for
appropriate assessment, negotiations and a question and answer (Q&A) session to
discuss the nitty-gritty of the proposed exercise and software.
Thank you very much for the invitation for a presentation.
Yours faithfully,
MCL Solutions Limited.
Tunde Omitogun, Ayotunde Sodipe
Client Operations and Training Managing Director/CEO
+234-803-8888-701

4. DETECTING EXCESS BANK CHARGES
BY USING
BANKER
(BANK CHARGES AND RECONCILIATION SOFTWARE)
1. Application of unapproved and unagreed interest rate:
Sometimes, the rates and fees used for debit interest/fees on facilities availed
might be inconsistent with the laid-down monetary policies and might not be as
agreed with the bank(s). It is sometimes a fraction of percentage less for credit
interest or a fraction of percentage more for debit interest. The implication is that
the account holder is denied of his/her legitimate funds while the bank rakes in
more profit by way of excess charges.
Our Banker software ensures that interest and fees are based on agreed rates
within the limit of the monetary policies.
2. Application of COT (Commission-On-Turnover):
COT is one of the major means through which banks overcharge customers
especially the high networth and volume accounts. There are about six classes
of transactions exempted from COT charges but most of the banks do otherwise.
Sometimes, because of the volume of transactions, you might have negotiated
COT rate with your bank. In order to increase their COT earnings, the bank use
rates higher than agreed rate without informing customers.
Our Banker software ensures that the COT calculation is as agreed within the
limit of the monetary policies.
3. Application of undue excess/default charge:
Credit (overdraft, excess overdraft, finance, lease, etc) are facilities given to
proven customers to facilitate and promote their businesses beyond their
financial capabilities. It is mandatory that accounts running on one/more facilities
must attract debit interest. In some banks and for some account holders, the
stipulated limit does not mean the customer cannot exceed the limit but the amo-

5. unt by which the limit is exceeded (called excess/default) would attract a higher
debit interest rate. Contrary to monetary policies, when limit is exceeded some
banks calculate interest using excess rate on both limit and excess thereby
overcharging the customer on the limit.
Our Banker software ensures interest calculation on facilities (limit and excess) is
in accordance with the monetary policies and procedure of interest calculation.
4. Application of unauthorised fees on facilities:
There are fees allowed to be charged on bank facilities. These fees have rules
and regulations guiding their applications, computations and frequencies. Most
times, some of the banks violates the rules and regulations on fees by applying
wrong procedures and frequencies.
Our Banker software eliminates this practice by ensuring that all fees are in line
with rules and regulations of lending fees.
5. Inappropriate management of BAs and CPs:
BA (Bankers Acceptance) and CP (Commercial Papers) are instruments used by
banks to avail credit facilities to credit-worthy customers. Inappropriate BA and
CP parameters like interest rates, tenor/duration termination, fees, rollover
differentials, etc could lead to huge amount of overcharge on the account
absorbing the fees/charges.
Our Banker software is equipped with the mechanism to generate appropriate
parameters for BA and CP charges thereby eliminating all possibilities of
overcharge and increasing the profitability of the instruments.
6. Foreign Exchange Sales, Bidding and Rates:
Another major means of overcharge on facility accounts is exchange rates
applied on some foreign exchange transactions. Several times, the banks apply
unauthorised exchange rates on forex transactions thereby short-changing the
customers
Our Banker software is a multi-currency application and allow transactions in
other currencies with appropriate exchange rates at bidding dates.
7. Application of backdated/postdated value/effective dates:
Backdating of debit transaction is a situation in which a withdrawal is given a

6. value/effective date earlier than the transaction date. An example is when a
withdrawal that took place on Friday 10th January, 2003 is said to be effective (i.e.
having value date) on Monday 6th January, 2003. Postdating of credit transaction
is a situation in which a lodgement is given a value/effective date later than the
supposed value date. An example is when a lodgement that took place on the
Monday 13th January, 2003 and supposed to have value on 16th January, 2003 is
given 20th January, 2003.
The monetary policies states clearing period for every class of transaction
thereby enabling customers to determine appropriate value/effective date of their
transactions. Backdating/postdating of value dates is another major means of
bank overcharge as it imposes undue debit interest on customer and reduces
credit interest due to customers.
Our Banker software is equipped with excellent value date generation
mechanism with consideration for weekends and holidays thereby detecting
overcharge that emanated from wrong value dates.
8. Inclusion of unknown cheques:
This is a situation in which a cheque with the same human-interpreted serial
number with yours and owned by another customer was debited into your
account and account of the owner thereby making an unauthorised withdrawal
from your account. This situation is very dangerous when your account is having
high confirmation limit and continuous overdraft facility because you may not
know when an unknown cheque is withdrawing funds from your account.
Our Banker software has an in-built mechanism to detect unknown cheques.
9. Application of undue VAT charges:
By regulations, not all charges are VATable but the banks do otherwise.
Example, VAT is not chargeable on interest/overdraft charges.
10. Statement/Cash book Reconciliation:
The software is equipped with account reconciliation module that imports
statement of account and cash book entries in Microsoft Excel files then match
them automatically. For situations where one transaction on statement of
account is splitted into two/more on the cash book or vice versa, the software is
equipped with manual match function to enable users match the transactions.
Upon completion of the matching exercise, the software would produce the
following reports:

7. a. Reconciliation statement
b. Bank statement listing
c. Cash book listing
d. Transactions matched
e. Cash book unmatched transactions
f. Bank Statement unmatched transactions
Revelation
In the history of our account review services, lowest overcharge we recovered is
N765,000.00 with interest-on-overcharge of N181,029.03 making a total overcharge
of N946,029.03 on 6 months account of N10,000,000.00Dr monthly turnover while
the highest overcharge we recovered is N3,217,651,426.40 with interest-on-
overcharge of N859,656,164.67 making a total of N4,077,307,591.07 on a 5-year
account of N1,600,000,000.00Dr monthly turnover.
Recovery Fee
As our fee for the recovery services, we shall be entitled to 40% of the excess
charges and waivers recovered from the bank(s).
References
For references, some of our clients are:
1. Acorn Petroleum Plc., Lagos.
2. Adebowale Investments Limited, Lagos.
3. Afribank Estate Company Limited, Lagos.
4. Alliance Energy Limited, Lagos.
5. Alminnur Resources Limited, Lagos.
6. Amokson Trading & Stores Limited, Ogun State.
7. Ayokunle Farms Limited, Ogun State.
8. Berger Paints Plc., Lagos.
9. Bideco Nigeria Limited, Lagos.
10. Chevron Nigeria Limited, Lagos.
11. Danmanya Petronetworks (Nig.) Limited.
12. First DeepWater Discovery Limited, Lagos.
13. Ikoyi Club 1938, Ikoyi, Lagos.
14. Industrial & General Insurance Co. Limited, Lagos.
15. International Breweries Plc., Osun State.
16. Masters Energy Oil & Gas Limited, Lagos.
17. Metropolitan Motors Limited, Lagos.
18. Mettle Energy & Gas Limited, Lagos.

8. 19. MRS Investment Company Limited, Lagos.
20. MRS Oil & Gas Company Limited, Lagos.
21. MRS Oil Nigeria Plc., Lagos.
22. Nikechukwu Motors Limited, Aba.
23. NetConstruct Nigeria Limited, Lagos.
24. Oando Plc., Lagos.
25. Petroleum Prospects International Limited.
26. Phase 3 Telecom Limited, Abuja..
27. Total Nigeria Plc., Lagos.
28. Toyota Nigeria Limited, Lagos.
29. Resourcery Limited, Lagos.
30. Slot Systems Limited, Lagos.
31. Solar Garden Projects Limited, Lagos.
32. Summit Strategic Services Limited, Lagos.
33. Ugo-Durumba Enterprises Limited, Owerri.
34. Waterparks Limited, Lagos.
35. Woobs Resources Limited, Lagos.
Thank you very much.
Yours faithfully,
MCL Solutions Limited.

9. Corporate Profile
MCL Solutions Limited is a software development company with speciality in
database software development and review of bank charges.
In the course of our operations, it was discovered that many organisations have
difficulties reconciling their accounts manually because of the volume of
transactions and have several excess bank charges imposed on their accounts but
cannot detect and prevent further occurrence. We also discovered that many
computer users (individuals and corporate bodies) have relegated their computer
systems to mere word processor and/or game machines running on dedicated word
processing and game software only. This practise has created under-utilization
problems for many computer hardware which, by manufacturer standard, is to serve
as an integral database equipment for the users.
As a result of our discoveries, we embarked on the software development project to
enable electronic bank account reconciliation and prevent account holders from
being overcharged by the banks and the outcome of the effort is our flagship product
tagged Banker (Bank Charges and Reconciliation Software). To ensure that
computers are used effectively and appropriately on this side of the globe, we have
been enlightening computer users on the importance and benefits of using well
configured hardware and software developed in accordance with the users
specifications as opposed to expensive software developed on foreign specifications
not application to Nigerian environment. So far, the company has developed series
of software for various users.
Services
Our professional services include:
1. Review and Recovery of Excess Bank Charges :
We also specialise in Recovery of Excess Charges imposed on bank accounts.
We perform this exercise by using our Banker (Reconciliation, Investments
and Bank Charges) software in accordance with the Central Bank of Nigeria
and international monetary policies. To stay afloat, various devices are being
employed by the banks to generate income. One act, not quite known to many is
that of imposing excess and spurious charges on customers and/or the
underpayment of interest due to customers. By recovering excess charges
(overcharge) on our clients account and securing waivers, we make their
business activities more profitable.

10. It is pertinent to note that this exercise is far beyond the scope of both internal
and external audit. Experience has shown that people misconstrue this exercise
with audit but our clients have since realised the difference after we have worked
through their accounts of 2 – 5 audited years and recovered excess charges.
2. Software Development:
The power and benefits derived from computer installations are determined by
the software in operation. Under this service, we design and develop software
packages ranging from simple database management system to complex
account management systems for private and public establishments. To ensure
that our software measure-up with user requirement, we carefully conduct
detailed specification interview with the intended users. After the interview, our
design experts proceed to design the most suitable procedures on which the
software will be developed by our development experts.
In addition to designing and developing software packages, we also render
software amendment service for old applications requiring upgrade. Our software
design and development service spans over the following tasks in phases:
• Systems investigation & specification interview
• Systems design & presentation for approval
• Systems development
• Test installation
• Final installation
• System changeover and user training
Software Products:
The following is a brief introduction of our software products:
a. Banker (A Bank Charges and Reconciliation Software):
This is an Account Reconciliation, Investments and Bank Charges Software.
It is for electronic reconciliation of bank accounts and to aid the users in
managing their accounts to detect and prevent excess charges imposed on
their accounts.
b. AssetMaster (An Asset & Fleet Management Software):
This is an Asset Management Software developed for the management of
fleet of vehicles and non-vehicle assets. The software is equipped with asset
registration, movement, improvement, transfer, disposal, accounts, custodian
profiles, asset-in-store and Work-In-Progress assets.

11. 3. Training:
Another factor that determine the power and benefits derived from computer
systems is the operation knowledge of the users. To ensure that computer
systems are used appropriately to derive the maximum benefits from the
installation, the application users and supervising IT staff must be given adequate
operation training with regards to the software in use.
We conduct corporate training for both private and public establishments having
computer systems and desiring proficiency. Our corporate training programme
covers training on our software and some other special-purpose software like:
• Documents Management
• Spreadsheet applications
• Programming applications:
- Programming with Microsoft Visual Basic
- Programming with SQL Server

12. Management Team
The firm (MCL Solutions Limited) is made up of the following departments:
1. Ayotunde Sodipe (Managing Director/CEO):
Mr. Ayotunde Sodipe is the Managing Director/CEO of the company. He had his
Computer Science courses with University of Lagos and Abubakar Tafawa
Balewa University, Bauchi. He is a member of Institute of Software Practitioners
of Nigeria (ISPON) and Chartered Institute of Banker of Nigeria (CIBN). In the
course of his service as a software developer and instructor to some banks, he
discovered some lapses/non-compliance in the way the banks compute
fees/charges/COT/interest thereby giving debit overcharge and/or credit
undercharge on customers’ account. His desire to proffer solutions for bank
customers to detect/prevent overcharge/undercharge lead to the development of
the Bank Charges and Reconciliation Software called Banker.
2. Pastor Adeshina Teluwo (Senior Consultant):
Pastor Adeshina Teluwo is a Chartered Accountant of over 35 years fellow
membership of Institute of Chartered Accountants of Nigeria (ICAN). He is the
Senior Consultant and the Head (Bank Relations Team).
3. Mr. Ayo Akinrogunde, FCA. (Executive Director, Operations):
Mr. Ayo Akinrogunde is a Fellow of the Institute of Chartered Accountants of
Nigeria (ICAN), and Chartered Institute of Taxation of Nigeria (CITN). He had his
Higher National Diploma in Accountancy from The Polytechnic, Ibadan. He has
over twenty years experience in operations, administrations, audit, finance and
control with successful multi-national companies before joining the company.
4. Kehinde Adebeso (Account Review):
Kehinde Adebeso is a Banking and Finance graduate of over 6 years experience
in bank charges review exercise. Ever since he was employed, he has
undergone several training in banking with bank facilities and charges as the core
focus. He is the Head, Account Review.
5. Babatunde Omitogun (Client Operations / Training):
Mr. Babatunde Omitogun is a University of Ife graduate of Computer Science and
has taken some training in banking. He is very vast and versatile in the usage of
all our software and he is the Head (Client Training/Development).