Section 8: Transfer to University of College property, etc

(1) On the appointed day-
(a) all property held immediately before that day by or on behalf of the College shall, by virtue of this subsection and without further assurance, vest in the University and be held by it for the purposes of the University; and
(b) the College shall cease to exist; and
(c) the University College, Ibadan, Act and, subject to the following subsection, any instruments in force by virtue of that Act, shall cease to have effect.
(2) The provisions of the Fourth Schedule to this Act shall have effect with respect to, and to matters arising from, the transfer by this section to the University of the property of the College and with respect to the other matters mentioned in that Schedule.
[Fourth Schedule.]