Section 4: Functions of the University

(1) For the carrying out of its objects as specified in section 2 of this Act, the University shall have power to -
(a) establish such campuses, colleges, faculties, institutes, schools, extra-mural departments and other teaching and research units within the University as may, from time to time, seem necessary or desirable, subject to the approval of the National Universities Commission;
(b) institute professorships, readerships and associate professorships, lectureships and other posts and offices and to make appointments thereto;
(c) institute and award fellowships, scholarships, exhibitions, bursaries, medals, prizes and other titles, distinctions, awards and 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, from time to time determine, subject to the overall directives of the appropriate authority;
(h) subject to section 22 of this Act, to acquire, hold, grant, charge or otherwise deal with or dispose of movable and immovable property wherever 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 attaching thereto;
(j) enter into contracts, establish trusts, act as trustee, solely or jointly with any other 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, 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, to invest any moneys appertaining to the University by law of endorsement, whether for general or special purposes, and such other moneys as may not be 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 any such investment and to deposit any money or the time being un-invested with any bank on 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 moneys as the Council may, from time to time in its discretion, find necessary or expedient to borrow or to guarantee any
loan, advance or credit facility;
(o) make gifts for any charitable purpose;
(p) do anything which it is authorized or required by this Act or by any other Statute to do; and
(q) 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 of the Statutes made there under and without prejudice to section 9 (2) of this Act, the powers conferred on the University by subsection (1) of this section shall be exercisable on behalf of the University by the Councilor by the Senate or in any other manner which may be authorized by this Act.