The document describes the services of Guardian Adjusters & Recovery Services Limited, an indigenous consultancy firm that performs corporate forensic banking operations reviews and audits for companies. Their services include identifying and recovering excess bank charges and debts resulting from normal banking transactions. They also determine companies' actual levels of indebtedness to banks. The document provides details on their methodology, clients, fees, and the resume of the Group Managing Partner.

2. 1. INTRODUCTION
Guardian Adjusters & Recovery Services Limited is an indigenous
consultancy firm that carries out Corporate Forensic Banking
Operations Review for companies, writing of feasibility studies,
auditing of company’s account, fund sourcing, organization of
seminars and workshops for companies and Management/Revenue
consultancy.
Our services are product of modern research by professionals who
have spent several years in the apex bank and other financial
institutions in Nigeria. We specialize in the identification and
recovery of debts/excess bank charges resulting from normal
banking transactions, between our clients and their bankers.
Our services cover the operations of commercial banks, merchant
banks, development banks, micro-finance institutions in the
lending and borrowing of funds. It also involves cases at the courts,
EFCC and NDIC. These service categories are beneficial to corporate
facility users, such as private companies, public organizations,
federal/state governments and local governments.
The Corporate Banking Operations Audit, was introduced in view of
the fact that most bank customers have found themselves lost as to
the determination of the level of their indebtedness to their bankers.
Even when they know, they lack the appropriate technical know-
how of determining their actual indebtedness. Most lack the ability
to determine the actual; and appropriate bank charges and the
ability to interpret the existing banking principles.
2. THE RESCUE OPTION
Presently, the knowledge is not acquired in any institution of
learning in Nigeria, whether for accountants, bankers or any related
discipline. Above all, ICAN does not teach Forensic Accounting.
Moreover, it is not familiar area for internal/external auditors and
has nothing to do with the efficiency or inefficiency of the
professional accountants, auditors and practicing bankers. Many
companies that operate different categories of Bank Accounts have
been severely weakened by varying combination of sub-standard

3. accounting systems and poor surveillance culture. Thus,
contributes to business failure, financial distress, and increased
debt burden to mention but a few. It is our noble aim to help such
organizations locate their bearing and properly situate them for
higher goals attainment in business with minimal or no risk at all!
3. SERVICE CATEGORIES
The scope of our service covers the following areas:
a. Identification and Recovery of Excess Bank Charges- We
aim at determining how far the bank(s) have over the years
complied with the Central Bank of Nigeria (CBN) monetary and
credit policy guideline, bankers tariff or written/unwritten
terms reached with the customer’s domestic, foreign
exchange/remittances accounts.
Thus, we determine to what extent your company has lost
money or appear to loose same and the amount so involved,
with a view to recovering huge sums of money which otherwise
may be lost in the daily routine banking operations.
b. Arbitrary Bank Charges- This involves the identification and
recovery of excess bank charges on COT; overdraft, equipment
leasing, over debited commercial paper repayment, bankers
acceptance, performance bond, consortium lending, under
payment on fixed deposits, mis-posting; wrong debit, doubtful
debits charges, loan rescheduling, interest waiver on loans
etc.
c. Determination of Actual Indebtedness- We x-ray our
client’s bank statements to establish the actual indebtedness
to the bank(s).
This is because most companies repay loans far above their
indebtedness. This we pursue by professionally breaking the
jinx.
which ordinarily administrative constraints may have put on
the way.
d) Foreign Remittances-We identify and recover foreign
balances still held by Nigerian or foreign correspondent
bank(s), arising from off-shore interest, under shipped,
unutilized letters of credit (The scope of our review span up to
five years transactions).
e) Account Audit Exercise- We carry internal audit exercise of
company accounts and produce audit reports/financial
statements for management, shareholders and other
stakeholders use.

4. f) Setting-up of Account System- We design, programme and
set up standard accounting systems, best suited for
organizational operations in line with generally acceptable
accounting conventions and practices.
g) Feasibility Study- We undertake an extensive market survey
of the products / services, we then reduce it to feasibility
report. The study cuts across all facets of businesses.
Moreover, we stay in our office in carrying out the study and
writing of report, although with some visits to the company or
site of the business.
h) Revenues, Tax and Financial Advisory Services- We
develop appropriate frame work for multi-dimensional
revenue generation, tax collection and capacity building
programmes on financial advisory implementation services.
4. HOW WE PERFORM OUR JOBS
We stay in our office to carry out a detailed banking operations
audit.
Methodology / structure of Our Operations - A comprehensive
evaluation and comparative review of a client’s banking
transactions within a time (usually five years or more). This is with
a view to identifying if your bankers have complied with the
provisions of the credit and monetary policy/prudential guidelines
as required by (CBN). We also determine whether banks have
complied with professional banking ethics and practices as required
by the Chartered Institute of Bankers of Nigeria CIBN, NDIC,
Banking Act, and BOFI Act, since banking practice with its
attendant rules and regulations contain in its entirety fundamental
standards whose weapons are the same the world over according to
Basel Committee report on Financial Action Task force 1989.
5. CURRENT BENEFICIARIES
They are numerous, they include big transport firms, oil and gas
companies, telecoms related firms and a host of others, besides
Local Government, other corporate firms have benefited. Our
Corporate Forensic Banking Operations Audit has been of immense
benefits to facility users and those that are involved in high volume
of banking transactions, resulting in high volume of turn over.

5. S/N COMPANIES CONTACT PERSONS
1 Masta Services (Co.) Limited, Port
Harcourt.
Sir, Ugochukwu
Ohuabunwa
2 Steve Integrated Tech. Service Ltd., Port
Harcourt
Mr. Steve Ayiyi
3 PhotoGold Colour Laboratory Ltd.,
Onitsha
Mr. Mathew Onyemachi
4 Basume Enterprises Limited, Port
Harcourt
Mr. Basil Umenwanne
5 B. M. Line Supermarket, Port Harcourt Mr. Basil Umunwanne
6 Patsam Life Guard Services, Port
Harcourt
Chief Chris Kalu
7 Bengoodman & Sons Int’l Nig. Ltd.,
Onitsha.
Mr. Benald
8 Royal Heritage Group of Schools
Effurum-Warri, Delta State.
Rev. Ruben
9 Eddy Dove Investment Coy Ltd., Onitsha Mr. Edwin C.
10 Datab Integrated Services, Port Harcourt Engr. Bola Dawodu
11 Zionite Nigeria Limited, Port Harcourt Rev. Oliver Idoko
12 Potec Tech. Welding Ent., Port Harcourt Chief Peter Onyemere
13 Dorman Tools Nig. Ltd., Port Harcourt Chief F. U. Okorie
14 Tycoon Bajoki Oil (WA) Ltd, Abakaliki Chief Iyke Benson Okpala
15 Sobaz Nigeria Limited, Port Harcourt Chief Obasi
16 Main Petroleum Nigeria Limited, Nsukka Mr. Chinedu Kama
17 Main Vision Petroleum Limited, Enugu Mr. Chinedu Kama
18 Peter Ventures Nigeria Limited, Abakaliki Hon. Peter Udude
19 Urashi Enterprises Limited, Abuja Owelle Rochas Okorocha
20 Etha Ventures Limited, Abuja Owelle Rochas Okorocha
21 Spoon Sensation Nig. Ltd. Jos KSN Gora
22 Classical Int’l Schools, Warri MD.
23 Cool Spring Invest. LTD. Ebonyi State. Mr. Ruben Eze
24 Sam Max Invest. Ltd Ikom C.R.State. Chief, Ikeperedum.
25 MO Okoro and Sons Limited,Aba. Dr. Okoro
26 Chifam petroleum LTD,Calabar. Mr.Afam Okechukwu
27 Medivic Nigeria LTD,Warri. Mr.Otti
28 LimeStone Global Concept. MD
6. CLIENTS EXPECTATIONS FORM OUR SERVICES
It is really unfortunate, a typical conduct of an average bank in
Nigeria is to steal from the accounts of customers, especially those
engaged in big businesses, pushing in spurious charges on them,
and continuous pressure on our clients to pay or forfeits the
collaterals which is usually juicy material assets.

6. These illegal charges are usually given names so as to confuse the
customers. Given the proven performance and experience, it is
expected that our clients would have derived any or all of the
following benefits:
a. Identified/recoverable amount are potential sources of loan
repayment. Through this exercise, correct answers would
have been found to settle all conflicts on outstanding credits
facilities (Loans).
b. Moratorium benefits and interest waivers on facility
accounts, which ordinarily would have been lost, would be
highlighted and brought into account.
c. The total amount of excess and authorized bank charges
borne by our clients over the years (at least not less than six
years), in the course of there banking transactions would
have been established. Subsequent to the establishment of
these excesses and unauthorized bank charges, a demand
will be made on the bank for immediate reversal/recovery.
d. While your financial accountant only look at figures on the
tables, we as forensic accounting experts look at figures
under the table. At the end of the day, hidden /illegal
charges will be exposed.
e. Our clients will discover that a lot of those unpaid debts
which most banks are bandying about as uncollectible had
actually been paid off in the real sense.
f. A lot of people do not really understand how the COT is
computed. It is supposed to be computed strictly on
withdrawals, valid withdrawals for that matter. COT should
as a matter of rule, not be charged on deposits, COT should
not be charged on aggregate bank charges. Transfer of funds
on account belonging to a customer to another account in
the same bank, whether in another branch or not is
immaterial and therefore, should not attract COT, it is only
when money has left the account of a customer to a third
party account that COT is earned by the bank.
g. Fund leakage through the various operations of Banks
would be blocked.
h. A client’s bank account would have been effectively
repositioned and the liquidity status of such a clients
boosted.

7. 7. REQUIREMENTS FOR JOB EXECUTION
Clients are required to supply the under listed information to the
consultants whenever a particular job is to be executed. These are
usually categorized into two segments as follows depending on the
client’s interest.
Domestic Account Review
a) A comprehensive bank statements for the period to be
reviewed.
b) Photocopies of all correspondences for the period to be
reviewed.
C) Photocopies of offer letters and letters of request for facility
(Loan) and approval thereof.
d) Photocopies of all debt and credit advise.
e) Photocopies of proceeds or receipts of payments from contracts
executed within the period under review.
f) Copies of protest letters to the bank(s) if any.
Domiciliary Account Review
a) Photocopies of all letters of credit.
b) Photocopies of mandate/standing order records.
c) Other related documents as may be required by the
consultants.
8. OUR FEES
a) Corporate Forensic Banking Operations Audit
Commitment Fee- Payment of a non refundable
commitment/consultancy fee of N200,000.00. ‘this fee is usually set
aside by the company for organizational research, investigation,
automaton and production of reports. (10 in number).
Mobilization Fee- This represents 5% of the total amount
identified/recoverable to the company. This amount is paid on
submission of our report to your company. It is used by Guardian
Adjusters & Recovery Services Limited to pursue the recoverable

8. amount from the bank. This procedure involves adjudication
processes at the CBN, CIBN, NDIC, EFCC, and where necessary,
litigation (court). Above all, series of expenses are channeled in the
areas of communication, visit to the bank’s head office,
documentation and other miscellaneous expenses.
Recovery/Professional Fees- Our professional fees are 15% of
actual amount recovered and credited to our clients account. This
fee is payable on demand at the end of every exercise when the
bank must have credited our client’s account.
- Both companies (the consultant and the client) are bound to
formalized contractual relationships by signing an agreement
to that effect.
- A “Client company” is required to issue to the consultant an
irrevocable power of attorney which empowers the consultant
to the client’s case to any length in order to achieve the sole
aim of the exercise on behalf of our clients. In other words,
banks can be sued by the consultants in the interest of
the client.
- Work commences immediately on receipt of a letter
of engagement, client’s bank statement, offer letters,
debit/credit advices.
Conclusion- We carry out our operations with the aid of a fully
automated system carefully programmed in line with Central Bank
of Nigeria monetary and credit policy guidelines and relevant
banking laws in practice. Our professional confidentiality is
assured.
Sir, let us discuss how we can assist you in the provision of the
above services. We will be glad to provide further detail of our
services.
Yours faithfully,
For Guardian Adjusters & Recovery Services Limited
Ezera, Ezera Kalu Member Institute of Management Consultants
Group Managing Partner

9. BRIEF RESUME’ OF THE GROUP MANAGING PARTNER
NAME: EZERA, EZERA KALU
DATE OF BIRTH: 23RD
September, 1967
SCHOOLS ATTENDED:
Atlantic Int. University, U.S.A. M.Sc
Imo State University, Owerri MBA
Abia State University, Uturu B. Sc
Cross River College of Education IJMBA ‘Level
National High School, Aba WASCE
Umuagbaghi Primary School, Aba FSLC
ACADEMIC/PROFESSIONAL CERTIFICATES
Atlantic Int. University, U.S.A M.Sc Economics
Imo State University, Owerri MBA Finance
Abia State University, Uturu B. Sc Accounting
Cross River College of Education IJMBA A‘Level
National High School, Aba WASCE
Umuagbaghi Primary School, Aba FSLC
Nigerian Institute of Management - Member
Institute of Chartered Accountant of Nigeria - Member
WORKING EXPERIENCE
Lancaster Okoro & Co Audit Senior 1992-1995
Commerce Bank Plc Audit 1995-1997
G.A. Nwankwo & Co Audit/Tax Manager 1997-1999
Double Diamond Plastics Ltd. Accountant 2000-2002
Linland Nigeria Limited Accountant 2002-2004
PERSONAL DATA

10. BRIEF RESUME’ OF THE GROUP MANAGING PARTNER
NAME: EZERA, EZERA KALU
DATE OF BIRTH: 23RD
September, 1967
SCHOOLS ATTENDED:
Atlantic Int. University, U.S.A. M.Sc
Imo State University, Owerri MBA
Abia State University, Uturu B. Sc
Cross River College of Education IJMBA ‘Level
National High School, Aba WASCE
Umuagbaghi Primary School, Aba FSLC
ACADEMIC/PROFESSIONAL CERTIFICATES
Atlantic Int. University, U.S.A M.Sc Economics
Imo State University, Owerri MBA Finance
Abia State University, Uturu B. Sc Accounting
Cross River College of Education IJMBA A‘Level
National High School, Aba WASCE
Umuagbaghi Primary School, Aba FSLC
Nigerian Institute of Management - Member
Institute of Chartered Accountant of Nigeria - Member
WORKING EXPERIENCE
Lancaster Okoro & Co Audit Senior 1992-1995
Commerce Bank Plc Audit 1995-1997
G.A. Nwankwo & Co Audit/Tax Manager 1997-1999
Double Diamond Plastics Ltd. Accountant 2000-2002
Linland Nigeria Limited Accountant 2002-2004
PERSONAL DATA