JESUS CHRIST IS IMMINENTLY PICKING HIS BRIDE!!!!!: CHASE BANK OF KENYA AND THE NATIONAL BANK OF KENYA IN VERY SERIOUS FINANCIAL CRISIS AND ECONOMIC DISTRESS, AS THE BANKING SECTOR IN KENYA TREMENDOUSLY SHAKEN IN ACCURATE FULFILLMENT OF THE PROPHECY OF THE LORD 3 MONTHS LATER:

Nobody essentially saw it coming; it has shocked and surprised the nation of Kenya (and indeed the Financial and the Banking sector in the nation of Kenya); because these were hitherto “good performing” and “growing” Banks which were yielding Billions of Profits (in Kenya Shillings) in recent years. One of the best measures or indicators of the status of a country’s Financial and Economic Condition (“health”) is Financial performance of the Banks (The Banking Sector) as envisaged in a Prudent Financial Statement (The Balance Sheet, The Income Statement, Cash-Flow Statement and the Statement of Equity).

The Central Bank of Kenya has consequently put Chase Bank of Kenya (not to be confused with the Global JP Morgan Chase Bank) in Receivership on 7th April 2016, as a result of what appears to be a very massive “Uncontrolled and unethical” Loan disbursement to Staff and Directors of Chase Bank, leading to the Bank being in serious financial and economic risk. Chase Bank Managing Director and its Chairman were also Sacked (Resigned) following the Financial Statement situation. National Bank of Kenya also had very massive “Uncontrolled and unethical” Loan disbursement to lenders, putting the Bank at a Financial and Economic risk as was reported towards the end of March 2016; thereby leading to what was Reported as "Surprise" Loss of Kshs. 1.2 Billion and the biggest reduction in its Share Price in 11 Years. The National Bank of Kenya consequently suspended its Managing Director and 5 top Managers. Another Bank, Bank of Africa Kenya has got what has been reported as follows: '"Bank of Africa Kenya has sunk into losses for the first time in a decade, taking a hit from a mounting stock of bad debts linked to a Moi-era contractor and Mumias Sugar among other borrowers. The mid-sized lender — controlled by BMCE Bank of Morocco — made a net loss of Sh1.02 billion in the full-year ended December compared to a net profit of Sh144 million a year earlier. BOA Kenya’s earnings were hit by a five-fold increase in loan loss provisions to Sh2.1 billion, signalling the potential exposure to defaulting borrowers. The bank’s gross non-performing loans quadrupled to Sh9.7 billion from Sh2.4 billion, with the lender saying 15 large customers accounted for more than half of the bad debts."'

Watch out for more turbulence in the Banking Sector in the nation of Kenya; culminating into more Financial & Economic Crisis in Kenya. The Customers in these affected Banks have been in panic withdrawal, and in some cases now funds have subsequently been “Locked.”

But The LORD; Him who reveals events before they happen, already revealed it 3 months earlier, when He brought before me in a Vision of The LORD, Books of Accounts of a Local Bank in Kenya. I scrutinized the Books of Accounts in that vision of The LORD i.e. The LORD instructed me (made me) to do a review of the Books of Accounts of a Local Bank in Kenya, in that very tremendous vision of The LORD. It has become very clear that the Local Bank that The LORD made me to scrutinize its books of accounts was actually a representation of many Banks in Kenya, which were going to experience the same fate. The LORD was thus essentially in that vision of The LORD talking about a very tremendous shaking that was going to come to more than one bank in the nation of Kenya.

The LORD spoke about it very clearly in that Prophetic vision of 5th January 2016. The LORD made me know that there was a shaking coming to the nation of Kenya; a shaking leading to a Financial and an Economic Crisis hitting the Banking sector in the nation of Kenya.

While posting and sharing across the prophecy of The LORD back then on 5th January 2016, I titled it as follows: ‘“Prophecy of a Financial and an Economic Crisis Coming to the Nation of Kenya, Leading to a Distress in the Banking Sector and Even The Stock Market”’

So, even the Stock Market Pricing (of Nairobi Stock Exchange) and related Share Earnings in relation to the Banking Sector has also been hit by this Financial and Economic Crisis just as the Prophecy of The LORD stated 3 months earlier, as has been reported in the news channels as follows on 8th April 2016: ‘“More than half of the listed financial institutions struggled to reach profitability as core earnings per share (EPS) declined, according to a new report. EPS is the portion of a company’s profit credited to each of the firm’s listed share. It is usually a marker of overall profitability registered by the listed firm. National Bank of Kenya (NBK), Standard Chartered, Housing Finance Group, CFC Stanbic, NIC and Barclays Bank of Kenya are six of the 11 listed companies whose core earnings were negative, according to the Cytonn Investments’ Banking Sector Report for year 2015. Cytonn surveyed 11 listed commercial banks.”’

Furthermore (In what was actually a result of the review of the Books of Accounts of a Bank/Banks in Kenya in that Vision of The LORD), I also stated as follows when posting and sharing across the prophecy of The LORD back then on 5th January 2016: ‘“In this vision of The LORD, The LORD spoke to me about events soon to happen in the nation of Kenya. So I saw a Bank in Kenya suffer a shocking financial and a fiscal loss in its value by a very significant percentage. So I saw one of the top and longstanding established Kenyan Local Bank that loses its value (Share pricing). It looks like a listed bank in the Kenyan Stock Market. In this vision, I actually even saw this Bank’s Financial statement (The Balance Sheet and The Income Statement) reflecting the tremendous “slashing” of the value of the bank; from the top-line to the bottom-line. I then saw this becomes a national news and discussion; I even saw students of Financial Management and Accountancy analyzing the Bank as a case study.”’

Likewise, I also stated as follows when posting and sharing across the prophecy of The LORD back then on 5th January 2016: ‘“The First message that was imparted in my heart from this communication of The LORD is that a very tremendous distress is coming to the nation of Kenya in the form of a Financial and an Economic Crisis; particularly in the Banking Sector, where one of the leading Banks (looks like a Local Bank) in Kenya suffers a shocking and a surprising very significant loss in its value.”’

Most importantly, I also stated as follows when posting and sharing across the prophecy of The LORD back then on 5th January 2016: ‘“The Second message that was imparted in my heart from this communication of The LORD is that these are the days of distress (shaking) across nations; the days of Birth pains in preparation for the Birth (The Rapture of the Faithful Sons and Daughters of The LORD to Heaven). Therefore The LORD is calling upon the people and the nation of Kenya (and indeed by extension all the people and the nations of the earth) to humble themselves before Him and embrace Repentance for the forgiveness of their sins through the Precious Blood of The LORD Jesus Christ and turn away from a lifestyle of sin, and thereby walking in Righteousness (Right before The LORD by following the ways and the Requirements of The LORD), Holiness (Set Apart for the glory and honour of The LORD), Truth (According to the Word of God in The Bible) and Complete Surrender to The LORD Jesus Christ in Preparing the Way for the Coming of The LORD Jesus Christ to take to Heaven His Faithful Sons and Daughters.”’

These are some of the reports awash in the Newspaper reporting regarding the Shocking and Surprising crisis that has engulfed the Banking Sector in Kenya:

1- ‘“Chase Bank depositors were Thursday stranded at various branches as their efforts to withdraw their money were met with closed doors. Long queues were seen early morning as the bank’s customers sought to withdraw their money following concerns that the bank was in trouble. The Central Bank of Kenya, (CBK) on Thursday morning said it had put the lender, under statutory management for a year over “liquidity difficulties.” CBK Governor Dr Patrick Njoroge in a follow up press conference said he did not have a timeline on when the lender would be reopened. “We don't have a timeline on when Chase Bank will resume operations. It depends on shareholders capital injection,” he told journalists. For the better part of the morning, most of the lender’s customers expressed frustration of their inability to withdraw their funds. On Wednesday, Chase Bank chairman Mr Zafrullah Khan and group managing director Mr Duncan Kabui stepped aside following concerns over the credibility of the bank’s financial statements.”’

2- ‘“Troubled lender Chase Bank irregularly advanced Sh16.6 billion to various entities, many of them associated with insiders, putting billions of shillings belonging to 55,000 depositors at risk. Half of the irregular loans went to the bank’s insiders, the Central Bank of Kenya (CBK) said in a statement on Thursday after it placed Chase Bank under statutory management. The statement indicated, for instance, that one director lent himself Sh7.9 billion mostly without registered collateral and beyond regulatory limits. The director gave himself more than the 25 per cent of the total capital limit set in the Banking Act. The actions of the director — whom the auditors called a significant shareholder — have now made it uncertain as to whether the more than Sh95 billion deposits would be refundable to their owners, mostly small and medium-sized enterprises.”’

3- ‘“The Capital Markets Authority has also come under the spotlight because it approved a Sh10 billion bond — Sh4.8 billion of which was raised — despite the glaring corporate governance weaknesses in the bank. By the time of going to press, CMA had not responded to our inquiries. Chase Bank’s troubles came with speed on Wednesday when depositors got wind of billions of shillings in insider loans that had not been disclosed in its reports. The situation was made worse by the fact that the auditors — Deloitte East Africa — said they could not certify whether or not the accounts and financial statements represented the actual situation at the institution. After noting that Sh16.6 billion in loans and advances raised serious questions, Deloitte said it issued a “disclaimer of opinion” to mean that enough evidence on the financial operations at the bank was not available. “Because of the significance of the matters described in the Basis for Disclaimer of Opinion, we have not been able to obtain sufficient appropriate audit evidence to provide the basis for an audit opinion. Accordingly, we do not express an opinion on the financial statements,” said Deloitte. The firm also said it was unable to establish if proper books of account had been kept by the bank. Deloitte on Thursday said it could not provide more information because of client confidentiality, and referred this reporter to CBK. A number of audit queries have since arisen, including the fact that Deloitte had never raised the issue of secret insider loans or uncollateralised credit in their audit reports despite working for Chase Bank for years. It was also not clear what role the audit firm played in Wednesday’s restatement of the bank’s results to provide for non-performing loans. The restatement of the bank’s accounts came with the requisite auditor’s signature, which had been absent in the first results. The signed auditor’s report was dated April 4, 2016 yet the bank should have reported it six days earlier. Banks are required to report their previous year’s audited results by March 31. The bank changed the content of its financial statements in the restated results to provide for the non-performing loans.”’

4-‘“More than 50,000 depositors with nearly Sh100 billion in Chase Bank and 1,400 employees were financially ruined on Thursday after the bank was brought down by fraudulent transactions of the institution’s Ferrari-driving officials. Workers wept in banking halls and desperate depositors whose Sh95 billion was locked up in the bank crowded the shuttered entrances of the lender’s branches across the country hours after they got information that the Central Bank of Kenya (CBK) had taken over its operations. Thousands of pensioners are also likely to take a hit because pension funds sank billions in the Sh4.8 billion bond floated by the bank in May last year, shining the spotlight on the Capital Markets Authority (CMA), which approved the fundraising plan despite information that all was not well in the bank.”’

5- ‘“The closure also sends shock waves through the economy because it points to weak supervision by the Central Bank, the CMA and audit firms, which are supposed to ensure that depositors’ funds are prudently managed.”’

SHALOM!!!

Revelation 6: 5-6 ‘“When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”’

Mathew 24: 4-8 ‘“And Jesus answered and said to them: “Take heed that no one deceives you. For many will come in My name, saying, ‘I am the Christ,’ and will deceive many. And you will hear of wars and rumors of wars. See that you are not troubled; for all these things must come to pass, but the end is not yet. For nation will rise against nation, and kingdom against kingdom. And there will be famines, pestilences, and earthquakes in various places. All these are the beginning of sorrows.”’

SHALOM!!!

1-Daily Nation

Headline: Chase Bank Customers Stranded After a Shock CBK Closure

http://www.nation.co.ke/…/19…/3149656/-/r6kiskz/-/index.html

2-Daily Nation

Headline: CBK puts Chase Bank in receivership

http://www.nation.co.ke/…/996/3149322/-/10xxpao/-/index.html

3-Daily Nation

Headline: How blind ambition sunk National Bank

http://www.nation.co.ke/…/1226/3146366/-/jwcnwz/-/index.html

4-Financial Times

Headline: Kenya's Chase Bank Placed Under Receivership

http://www.ft.com/fastft/2016/04/07/kenyas-chase-bank-placed-in-receivership/?ft_site=falcon&desktop=true

5- East African Standard

Headline: Agony of depositors as CBK closes Chase Bank over Sh16 billion loans

http://www.standardmedia.co.ke/article/2000197518/pain-and-agony-as-thousands-fail-to-access-their-money

6-Business Daily

Headline: Bogged by bad debts Bank of Africa Kenya sinks into loss territory

http://www.businessdailyafrica.com/Corporate-News/Bank-of-Africa-Kenya-sinks-into-loss-territory/-/539550/3132572/-/4271c7z/-/index.html

7- East Africa Standard

Headline: IG Joseph Boinnet orders arrest of top Chase Bank, National Bank managers

http://www.standardmedia.co.ke/article/2000197582/boinnet-orders-arrest-of-national-bank-of-kenya-chase-bank-top-officials

8-Standard

Headline: Central Bank of Kenya acts to avert deeper crisis in banking sector

http://www.standardmedia.co.ke/article/2000197800/cbk-acts-to-avert-deeper-crisis-in-banking-sector

PREPARE THE WAY FOR THE COMING OF THE LORD JESUS CHRIST IN ABSOLUTE REPENTANCE, RIGHTEOUSNESS, HOLINESS, TRUTH AND COMPLETE SURRENDER TO THE LORD JESUS CHRIST (YESHUA/YAHUSHUA HA MASHIACH). TIME IS ABSOLUTELY OVER; THE MESSIAH JESUS CHRIST IS IMMINENTLY COMING TO PICK HIS BRIDE!!!

REPENTANCE PRAYER:

Precious Jesus,

I acknowledge today that you are LORD and Savior of all mankind,

and today I have recognized my shortfall,

I Repent and turn away from all Sin.

Please cover me with your Precious Blood,

and establish your Word in my life,

that I may be found in Righteousness and Holiness

and write my name in your Book of Life

and baptize me with the power of the Holy Spirit

in the mighty name of Jesus Christ.

AMEN.