Section 3: Powers of the Institute.

1 The Institute shall have powers to-
a establish such campuses, colleges, schools, extramural departments and other teaching and research units within the institute as may from time to time, be deemed necessary or desirable subject to the approval of the National Universities Commission or the National Board for Technical Education, as the case may be;
b institute professorships, readerships or associate professorships, readerships and other posts and offices and to make appointments thereto;
c award honorary degrees, fellowships or academic titles;
d hold examinations and grant degrees, diplomas, certificates end other distinctions to persons who have pursued a Course of study approved by the Institute and have satisfied such other requirements as the Institute may lay down from time to time;
e Institute and award fellowships, scholarships, exhibitions, bursaries, medals, prizes and other titles, distinctions awards and other forms of assistance;
f provide for the discipline and welfare of members of the Institute;
g demand and receive from any student or any other person attending the institute for the purpose of instruction such fees as the institute may, from time to time, determine subject to the overall directive of the Governing Council;
h acquire, hold, grant, charge or otherwise deal with or dispose off movable and immovable property wherever situate;
i accept gifts, legacies and donations, but without obligation to accept the same for particular purpose unless it approves the terms and conditions attached to the gifts or donations;
j enter into contracts, establish trusts, act as trustee, solely or jointly with any person and employ and act through agents;
k erect, provide, equip and maintain libraries, laboratories, lecture halls, halls of residence, refectories, sports grounds, playing fields and other buildings or things necessary or suitable or convenient for any of the objectives of the Institute;
l hold public lectures, produce periodic journals and to. undertake printing, publishing and book-selling;
m subject to any provisions of this Act, invest any money appertaining to the Institute by way of endowment, not being investments or securities or the purchase or improvement of land, with power to vary any such investment and deposit any money for the time being not invested with any bank on deposit or current account, not charge or surety;
n borrow, whether on interest or not if need be upon the security of any or all of the property, movable or immovable, of the Institute, such money, as the Council may in its discretion, find necessary or expedient to borrow or to guarantee any loan, advances or direct facilities;
o make gifts for any charitable purpose;
p arrange for the general welfare of children of members of staff;
q comply with any law regulating the activities of similar Institutions and to do anything which it is authorised or required by this Act or by any other law to do; and
r do all such acts or things, whether or not incidental to the Institute's powers, as may advance the objectives of the institute.

2 The powers conferred on the Institute under subsection (1) of this section shall be exercised by the Council in the manner authorised by this Act.