By Spy Uganda
Patrick Oyota has been re-appointed Deputy Managing Director and Interim Managing Director of National Social Security Fund (NSSF) for five years-TheSpy Uganda has learnt.
In a letter from the NSSF board to stakeholders, Patrick Ocailap from the Ministry of Finance said the processes leading to the appointment of the Managing Director have taken longer.
“The process leading to the appointment of the managing director has taken longer. In the interim, deputy managing director will care take this office until these processes are concluded,” Patrick Ocailap, the Deputy Secretary to the Treasury and a board member, issued the statement on behalf of the board chairperson, Dr Peter Kimbowa.
PRESS RELEASE: Appointment of Managing Director and Deputy at NSSF. pic.twitter.com/MMqzfJr4fJ
— NSSF Uganda (@nssfug) December 1, 2022
The MD office was being occupied by Richard Byarugaba, a professional accountant with a master’s degree in business administration from the United Kingdom.
He was named the Managing Director of the workers’ provident Fund on August 1, 2010. He is retiring after clocking the retirement age.
Ayota was contracted by the then appointing authority, Minister of finance Matia Kasaija, on October 30, 2017, for a five-year tenure.
Ayota before he joined NSSF in July 2011 was the finance director for Barclays Bank (Uganda).
He is a certified Public Accountant (CPA) and holds an MBA from the University of South Carolina (USA) and a Bachelor of Science Degree in Finance from Liberty University, Virginia (USA).