The Director,

…………………………………………

…………………………………………

………………………………………..

………………….. State.

Dear Sir/ Ma,

PROPOSAL ON MANAGEMENT AND FINANCIAL CONSULTANCY SERVICES

We refer to the above subject matter of which we are willing to be engaged by

your company to render professional services that will add value to you in the
areas of management, accounting and financial matters.

1.0 SCOPE OF WORK

 Provision of professional advice on the financial matters like accounting
system, banking advisory, internal auditing and inventory management.
 Provide recommendations on the challenges facing your company in the
areas of accounting, banking relationship and internal control lapses
identify during an internal audit.
 Writing a report on the identified challenges and proffer
recommendations that will solve it
 Implement the recommendations that will eliminate the challenges
completely.
2.0 RATIONALE FOR THE ENGAGEMENT
 Our engagement will add value to your company by achieving the set
goals.
 It will help your company to put a standardized accounting system in
place and necessary accounting records that will help you determine
financial position.

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  It will help you to run your banking transactions without being
exposed to unnecessary and ambiguous bank charges by your
bankers.
 It will help you eliminate the internal control weakness that allows
fraud and forgery within your system.
 It will help you prepare management accounting that will help you in
decision making.
 It will help you carry out investigative audit on financial and non -
financial matters.

3.0 OUR BACKGROUND

Tolronik Consultancy services is a registered firm with Corporate Affairs

Commission that possess a solid pedigree in providing quick and cost effective
solution to problem hindering the realization of business objectives by providing
Banking Advisory, finance and Accounting Management Consultancy services.

The firm was formed on 3 rd September 2013 with registration number RC 59905.
The firm is rendered the following Services:-

• Recovery of excess bank charges at the bank

• Undertaking the internal audit, investigative audit and management value

added audit

• Stock taking and inventory management

• Acting as External Accountant and preparation of management accounts

• Company formation and filling of annual returns

• Preparation of Business plan and feasibility studies

• Quality assurance of financial statement and due diligence

• Training and Development.

The firm Consultants has excelled in their various fields and has diverse
knowledge in both public and private sectors of the economy.
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4.0 OUR SERVICES

RECOVERY OF EXCESS BANK CHARGES

This is designated to provide for individual and corporate bodies that operate
bank account. The firm has experienced personnel that have the knowledge of
CBN Charges regulations in respect of Bank charges like Current Account
maintenance, COT, VAT, withholding tax, lending rate and other necessary
charges chargeable by Deposit Money Banks.

UNDERTAKING THE INTERNAL AUDIT, INVESTIGATIVE AUDIT & MGT VALUE

ADDED AUDIT

The firm renders internal audit to client that needs the service depending on the
agreement for either monthly or quarterly. The firm can also help the client to be
carried the investigative audit if need arise. The internal control system can also
be reviewed to identify their weaknesses and proffer strong internal control
system to any operational process of the client business.

STOCK TAKING AND INVENTORY MANAGEMENT

Our firm is also possessed knowledgeable Consultants in the areas of stock taking,
stock valuation, and stock management in general

We have consultants and other attached personnel that have worked in both
merchandising and manufacturing sectors which have exposed them to inventory
management in general

ACTING AS EXTERNAL ACCOUNTANT

We render accountancy services to our clients by helping them to do accounts

restructuring, proper classification of accounting cost centers, ensuring that books
are kept in accordance with accounting standard. Moreover, we also help
business beginner to put books of accounts in place manually or automated.

CORPORATE REGISTRATION SERVICES

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Our firm is registered with Corporate Affairs Commission, Abuja for company
registration, business names, filling of Annual returns, obtaining certified true
copies of document, changes/ allocation of memorandum of association and
articles of association and other relevant documents

PROJECT CONSULTANCY

We offer consultancy services for new project through preparation of feasibility

study, due diligence and business appraisal techniques

TRAINING AND DEVELOPMENT

We offer training for the staff of our clients for capacity building in the areas of
their Operations, Internal control, Finance, Accounting, Credit management, Risk
management and Customers' services/Marketing.

5.0 PAYMENT OF CONSULTANCY FEE

Our consultancy fee shall be paid as follows

 At Engagement level - 40%

 At Discharging & Implementing level - 30%
 At Finalization level - 30%

The payment options that are opened to settle our firm are as follows:-

 Payment via bank transfer

 Payment in cash
 Payment via mobile money transfer
 Payment via bank cheque

6.0 NEXT STEPS/ ACTION PLAN

The next steps are:-

 Letter of engagement to TOLRONIK CONSULTANCY SERVICES as

Consultants for this assignment.
 Provision of all relevant documents and information to conduct a
consultancy assignment and writing a report
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  Payment of engagement fee.

7.0 OUR TEAM

SOGBESAN ROTIMI BABATUNDE. HND, MBA, MCIB, ACIB

He graduated from the Federal Polytechnic, Offa with a Higher National Diploma
(HND) in Banking and Finance in the year 2004. He proceeded to Ladoke Akintola
University of Technology Ogbomosho for a Master’s degree in Business
Administration (MBA Financial Management Option) .He is also an Associate
member (ACIB) of the Chartered Institute of Bankers of Nigeria and a
Microfinance Certified Banker (MCIB) of the same institute.

He started working with Sikiru Ibitoye & Co, a firm of Chartered Accountants as
Audit Trainee in the year2006. He moved to Beststar Microfinance Bank Limited,
Ibadan and worked there between the year 2007 and 2010. In aspiration to have
the broad knowledge of group lending and pure microfinance lending in general
he joined the service of SEAP Microfinance Institution between the year 2011 and
2013. The job that has exposed him to the rudiments of social services, rural
microfinance and also took him traveling round the branches of SEAP organization
across the eighteen (18) states in Nigeria where the institution was being
operated.

He is presently engaged by Olowolagba Microfinance Bank as Head of Internal

Audit, Control and Compliance department from January, 2014 to date

He is an expert and versed in the areas of Operations, Finance, business risk

identification and assessment, internal audit services, internal
control/compliances, monitoring and other allied matters in business, banking
and finance. He is the Principal Consultant of TOLRONIK Consultancy Services.

SAMSON ADEYEMI OYEYEMI. HND, ACIB

He is a seasoned professional Banker with over three decades experience in all

areas of finance. He is a versatile banker with wide experience in micro financing

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and retail banking and for some time held the position of a Chief Operating
Officer in a microfinance Bank.

He holds HND Banking and Finance from the Federal Polytechnic, Nasarawa in
year 2000. He is also a Chartered Banker (ACIB) and Partner in the firm.

OTHER PARTNERSHIP MEMBERS

IBITOYE KOLAWOLE SESAN HND, MCIB

FAGBENRO TAYO DADA HND, MCIB

SOGBESAN ADENIKE DORCAS HND, NIM