Section 3: Powers of the University and their exercise.

1 For attaining its objects as specified in section I (3) of this Act, the University shall have powers to:
a establish such campuses, colleges, 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 the National Universities Commission;
b institute professorship, readerships or associate professorships, lectureships and other posts and offices and to make appointment thereto;
c institute and award fellowships, scholarships, exhibitions, bursaries, medals, prizes and other titles, distinctions, awards and other forms of assistance;
d provide for the discipline and welfare of members of the University;
e 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;
f grant honorary degree, fellowships or academic titles;
g demand and receive, from any student or other person attending the University for the purpose of instructions, such fees as the University may determine, subject to the overall directives of the Council;
h subject to section 22 of this Act, 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 the University 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 on conditions imposed by Statue, invest any money appertaining to the University by way of endowment, not being immediately required for current expenditure, in any investment or security, or the purchase or improvement of land, with powers to vary any investment and deposit any money for the time being not invested with any bank on deposit or current account;
n borrow, whether on interest or not if need be upon the security of any or all of the property, movable or immovable, of the University, and money as the Council may in its discretion, find it necessary to borrow or guarantee any loan, advance or credit facility;
o do anything which it is authorised or required by this Act or Statues to do; and
p do all such acts or things incidental to the powers of the University as may advance the objects of the University.

2 Subject to the provisions of this Act and the Statute and without prejudice to section 8 (2) of this Act, the powers conferred on the University by subsection (1) is exercisable on behalf of the University by the Council or Senate or in any other manner which may be authorised by the Statute;

3 The power of the University to establish further campuses and colleges within the University is exercisable by Statute and not otherwise.