Section 4: Powers of the University.

1 For the carrying out of its objectives as specified under section 2 of this Act, the University shall have power to -
a
offer courses of instruction, training and research in education and allied areas for the production of quality and skilled teachers required to teach at lower, middle and higher levels of education in Nigeria in particular and the world at large; schools,
b establish such colleges, campuses, institutes, departments and other teaching and research units within the University as may from time to time be deemed necessary or desirable subject to the approval of National Universities Commission;
c institute professorships, readerships or associate professorships, lectureships, and other posts and offices and to make appointments thereto;
d institute and award fellowships, scholarships, exhibitions, bursaries, medals, prizes and other titles, distinctions, awards or forms of assistance;
e provide for the discipline and welfare of members of the University;
f hold examinations and grant 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;
g grant honorary degrees, fellowships or academic titles;
h demand and receive from any student or any other person attending the University for the purposes of instruction, such fees as the University may from time to time determine subject to the overall directives of the Minister;
i subject to section 20 of this Act, to acquire, hold, grant, charge or otherwise deal with or dispose of movable and immovable property wherever it is situate;
j accept gifts, legacies and donations, but without obligation to accept the same for a particular purpose unless it approves the terms and conditions attached to it;
k enter into contracts, establish trusts, act as trustee, solely or jointly with any other person, and employ and act through agents;
l erect, provide, equip and maintain libraries, laboratories, workshops, 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;
m hold public lectures and undertake printing, publishing and book selling;
n subject to any limitation or condition imposed by Statute, to invest any moneys appertaining to the University by way of endowment, not being immediately required for current expenditure in any investments or securities or in the purchase or improvement of land, with power to vary any such investments to deposit any moneys not invested with any bank on deposit or current account;
o 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, in its discretion, find it necessary or expedient to borrow, or to guarantee loans, advances or credit facilities;
p make gifts for any charitable purpose;
q do anything which it is authorised or required by this Act or by statute to do; and
r do all such acts or things, whether or not incidental to the foregoing powers, as may advance the objects of the University.

2 Subject to the provisions of this Act and the Statutes and without prejudice to section 8 (2) of this Act, the powers conferred on the University under subsection (1) are exercisable on behalf of the University by the Council or by the Senate or in many other manner which may be authorised by the statute.

3 The power of the University to establish further campuses and colleges within the University shall be exercisable by statute.