Section 4: Powers of the University.

1 For the attainment of its objectives as specified in section 2, the University has powers to:
a establish such campuses, colleges, faculties, institutes, schools, extra-mural departments and other teaching and research units within the University as may be deemed necessary or desirable subject to the approval of National Universities Commission;
b institute professorships, readerships, associate professorships, lectureships, and other posts and offices and to make appointments to those post and offices;
c institute and award fellowships, scholarships, exhibitions, bursaries, medals, prizes and other titles, distinctions, awards and other forms of assistance;
d provide for the residence, discipline and welfare of members of the University;
e hold examinations and award degrees, diplomas, certificates and other distinctions to persons who have pursued a course of study approved by the University and have satisfied such other requirements as the University may lay down,
f award honorary degrees, fellowships or academic titles;
g demand and receive from any student or any other person attending the University for the purpose of Instruction, such fees as the University may determine subject to the overall directives of the appropriate authority;
h subject to section 22, acquire, hold, grant, charge or otherwise deal with or dispose or movable and immovable property wherever it is situate;
i accept gifts, legacies and donations, but without obligation to accept the same for a particular purpose unless it approves the terms and conditions attached;
j enter into contracts, establish trusts, act as trustee, solely or jointly with any other person, and employ or 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, suitable or convenient for any of the objects of the University;
l hold public lectures and undertake printing, publishing and book selling;
m subject to any limitation or condition imposed by Statute, invest money whether for general or specific purposes, and any other money appertaining to the University by way of endowment, not being immediately required for current expenditure in any investment or security or in the purchase or improvement of land, with power, from time to time, to vary such investments and deposit any money for the time being not invested with any bank in a deposit or current account;
n borrow, whether on interest or not and if need be, upon the security of any or all of the property, movable or immovable, of the University, such money as the Council may find necessary or expedient to borrow or to guarantee any loan, advances or credit facilities;
o make gifts for any charitable purpose;
p do anything which it is authorised or required by this Act or any other statute to do; and
q do all such acts or things, whether or not incidental to these powers, as may advance the objects of the University.

2 Subject to the provisions of this Act and of the Statutes made under this Act and without prejudice to section 9 (2), the powers conferred on the University under subsection (1) is exercisable on behalf of the University by the Council, Senate or in any other manner which may be authorised by this Act.