Section 33: Vesting of all assets and liabilities of the dissolved Federal College of Medical Laboratory College.

(1) By virtue of this Act, all property (movable and immoveable) held by or on behalf of the College shall, as from the commencement of this Act, vest in the College.
(2) On the commencement of this Act-
(a) all rights, interest, obligations and liabilities of the College existing immediately before the commencement of this Act under any contract or instrument, or at law or in equity, apart from any contract or instrument, shall, by virtue of this Act, be assigned to and vested in the College;
(b) any such contract or instrument as is mentioned in paragraph (a) shall be of the force and effect against or in favor of the College and shall be enforced fully and effectively as if the College had been named in it or had been a party to it; and
(c) the College shall be subject to all the obligations and liabilities to which the College was subject to immediately before the commencement of this Act and all other persons shall, as from the commencement of this Act, have the same rights, power and remedies against the College as they had against the College immediately before the said commencement.
(3) If immediately before the commencement of this Act a person was a member or staff of the College that person shall by virtue of this Act becomes a member or an staff of the College.
(4) Any proceeding or cause of action pending or existing before the commencement of this Act by or against the College may be commenced continued or enforced by or against the College as it might have been against the College if this Act had not been made.