Section 4: Powers 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, extramural departments and other teaching and research units within the University as may seem necessary or desirable, subject to the approval of the National Universities Commission;
b institute professorships, readerships and associate professorships, lectureships, other posts and offices and make appointments;
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 other requirements as the University may prescribe;
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, fees as the University may 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 attached to them;
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 limitations or conditions imposed by statute, invest any money appertaining to the University by law or endorsement, whether for general or special purposes, and such other money as may not be immediately required for current expenditure, in any investments or securities, in the purchase or improvement of land, with power to vary any such investments and deposit any money for 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 money as the Council may in its discretion deem necessary or expedient to borrow or 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 by any other statute to do; and
q do all acts or things, whether or not incidental to the powers, as mayadvance the objects of the University.

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