Section 6, The Universities Act, 2005

(1) All property and other assets held immediately beforethe commencement of this Act by each of the institutions specified under the University of Sierra Leone and the Njala University respectively in the First Schedule shall continue to be held by each of them for their use but the liabilities attaching thereto shall vest respectively in the University of Sierra Leone and the Njala University. (2) All assets and liabilities held by the University of Sierra Leone under the University of Sierra Leone Act, 1972 immediately before the commencement of this Act, shall be shared equally between the University of Sierra Leone and Njala University as established by this Act, under the supervision of the Tertiary Education Commission.