Section 11(1)

11. (1) The Board shall exercise and perform the following powers and
functions, namely: -
(a) to review and consider the financial requirements and estimates
for the University and approve its budget;
(b) to approve the recommendations for appointment of officers,
teachers and other staff of the University in the manner
prescribed;
(c) to provide for the administration of any funds placed at the
disposal of the University for the purpose intended;
(d) to arrange for investment and withdrawal of funds of the
University;
(e) to borrow money for capital improvements and make suitable
arrangements for its repayment;
(f) to provide for accepting, acquiring, holding and disposal of
property on behalf of the University;
(g) to direct the form and use of the common seal of the University;
(h) to appoint such committees, either standing or temporary as the
Board may consider necessary and determine the terms of
reference thereof within the limitations of the Act or the
Statutes;
(i) to determine and regulate all policies relating to the University
in accordance with this Act or the Statutes;
(j) to make financial provision for instruction, teaching and training
in such branches of learning and courses of study as determined
by the Academic Council within the purposes of this Act, and
for Research and for the advancement and dissemination of
knowledge;
(k) to provide for the establishment and maintenance of colleges,
hostels, laboratories, experimental farms and other facilities
necessary for carrying out the purposes of this Act;
(1) to make provision for instituting and conferring degrees,
diplomas, certificate and other academic distinctions;
(m) to provide for institution, maintenance and award of
scholarships, fellowships, studentships, medals. Prizes, etc.;
(n) to accept on behalf of the University trust, bequests and
donations;
(o) to meet at such times and in such places as it considers
necessary, provided that it shall hold regular meeting's at every
two months and at least half of such meetings shall be held at
same branch of the University; and
(p) to exercise such other powers and perform such other duties not
inconsistent with this Act or Statutes as may be necessary for
carrying out the purposes of the Act.