Section 29: Restriction on disposal of land belonging to the University.

(1) For the purpose of the Land Use Act (which provides for the compulsory acquisition of land for public purposes) any purpose of the University shall be the same as that of the Federation.
(2) Where an estate or interest in land is acquired by the Government under this section, the Government may, by a certificate under the hand and seal of the Chief Federal Lands Officer or any other person authorised in that behalf, transfer it to the University. [Cap. L5, LFN, 2004]
(3) The University may with the consent of the Governor in accordance with the Land Use Act dispose any land or interest in land, or transfer same under this Act upon the recommendation of the Council.
(4) No such consent shall be required by the Council in the case of any lease or tenancy at a rack-rent for a term not exceeding 21 years or a lease to a member of the University.