Patricia Ojangole

Patricia Ojangole BCom, MBA, FACCA, is a Ugandan accountant and bank executive. She is the Chief Executive Officer of Uganda Development Bank, Uganda's only national development finance institution.[1]

Patricia Ojangole
Born1977 (age 43–44)
Uganda
NationalityUgandan
CitizenshipUganda
Alma materMakerere University
(Bachelor of Commerce)
University of Stellenbosch
(Master of Philosophy in Development Finance)
Eastern and Southern African Management Institute
(Master of Business Administration)
Association of Chartered Certified Accountants
(Fellow of the Association of Chartered Certified Accountants)
Undisclosed University
(Doctor of Philosophy)
OccupationAccountant and Bank Executive
Years active2002 – present
Known forManagement
TitleChief Executive Officer
Uganda Development Bank

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, Patricia was pursuing a Doctorate degree in Finance. Her research focuses on "national development finance institutions, financial sector development and sustainable finance".[3]

Career

Prior to joining UDB in 2012, Patricia Ojangole had 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]

Exonerated

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]

See also

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