Patricia Ojangole Explained

Patricia Ojangole
Birth Place:Uganda
Education:Makerere University
(Bachelor of Commerce)
University of Stellenbosch
(Master of Philosophy)
(Doctor of Philosophy)
Eastern and Southern African Management Institute
(Master of Business Administration)
Years Active:2002 – present
Nationality:Ugandan
Citizenship:Uganda
Known For:Management

Patricia Adong Ojangole is a Ugandan accountant and bank executive. She is the chief executive officer of Uganda Development Bank Limited (UDBL), Uganda's only national development finance institution.[1]

Education

She holds a Bachelor of Commerce degree awarded by Makerere University, in Kampala, Uganda's capital city. Her Master of Business Administration was received from the Eastern and Southern African Management Institute in Arusha, Tanzania. She is a Fellow of the Association of Chartered Certified Accountants of the United Kingdom. She is also a member of the Institute of Certified Public Accountants of Uganda and the Institute of Internal Auditors.[2] As of May 2020, she was pursuing a Doctorate degree in finance. Her research focuses on "national development finance institutions, financial sector development and sustainable finance".[3]

Career

Ojangole worked for 13 years in various African countries including Kenya, Tanzania, Uganda, Namibia, Swaziland, Lesotho and Botswana. Her work had covered diverse business areas including credit, risk management and finance.[1] She joined Uganda Development Bank Limited as Head, Internal Audit.[2]

Controversy

On 30 November 2012, Ojangole was appointed as chief executive officer at UDB. On 10 February 2014 a Magistrate in the Anti-Corruption Court ordered the arrest of Patricia Ojangole on two counts:[4] (1) Alleged conflict of interest by her participation in the process that culminated in her selection as CEO and (2) Alleged victimization of a whistleblower. For several months, the case wound through Uganda's legal system.[5]

On 30 June 2014, Judge Lawrence Gidudu of the Anti Corruption Court acquitted and discharged Ojangole of all the charges against her, due to lack of incriminating evidence. The judge noted that "the prosecution evidence was in support of Ms. Ojangole and therefore he had no option but to acquit".[6] She continues to serve as the CEO at UDB.[7]

External links

Notes and References

  1. Web site: . UDB acts as a catalyst for growth, investing in projects with potential . 28 March 2015 . 11 November 2016 . Dicta Asiimwe . Nairobi, Kenya.
  2. Web site: Uganda Development Bank: Management Team: Patricia Ojangole – Chief Executive Officer . 11 November 2016 . Kampala . 11 November 2016 . Uganda Development Bank (UDBL) . UDBL.
  3. Web site: Patricia Ojangole: African star development banker . 11 May 2020 . Financial Nigeria International Limited . Jide Akintunde . 28 May 2020 . Lagos.
  4. Web site: Court issues warrant of arrest for UDB CEO. Edward . Anyoli . . Kampala . 10 February 2016 . 11 November 2016.
  5. Web site: Kampala . Anthony . I Am Being Persecuted, UDB Boss Tells Court. 11 November 2016 . 21 May 2014 . Wekesa . Daily Monitor.
  6. Web site: 11 November 2016 . UDB's Ojangole Acquitted . 30 June 2016 . . Anthony . Wekesa . Kampala.
  7. Web site: 11 November 2016 . Uganda: UDB Writes Off Bad Loans Worth Shs7 Billion . 11 April 2016 . . Kampala . Mark Keith Muhumuza.