Section 12, The Universities Act, 2021

(1) A Court shall be responsible to- (a) oversee the administration and management of the finances, accounts, investments, endowment funds and property of the University, including those properties which are held in trust on behalf of the University by the University Board of Trustees and all the business and affairs of the University; (b) approve and monitor any investment of monies belonging to the University or held in trust by the University Board of Trustees as it shall from time to time think fit; (c) authorise the borrowing of money from time to time on behalf of the University for any approved purpose and to provide such security as may be necessary,subject to the approval of the Minister of Finance; (d) authorise the making, varying, carrying out or cancelling of contracts on behalf of the (e) give guarantees for the payment of sums of money on the performance of any contractor obligation by any company, body, society or person if the Court thinks it is in the interest of the University to do so; (f) provide and maintain the buildings, premises, library, laboratories, museums, gardens, furniture, apparatus and other facilities required for the discharge of the functions of the University alone or in cooperation with the Board of Trustees of the University; Functions of Court. No. 5 The Universities Act 2021No. 5 The Universities Act 202116 (g) authorise the establishment of all posts other than those created in this Act and these Statutes in the University, to appoint to all posts so established and to determine the normal place of work of all members of staff so appointed; (h) establish salary scales for all persons employed by the University and to determine the terms and conditions of service of such persons, and to enter into contracts, which specify the salary scales, terms and conditions of service with each person appointed to the staff of the University. (i) subject to the National Social Security and Insurance Act, 2001 (Act No. 5 of 2001) make provision for schemes of superannuation, pensions, gratuities or retirement benefits for all salaried officers or their dependants and so far as the Court may think fit, for other employees of the University or their dependants; (j) suspend or abolish a post in the University other than those created in the Act; (k) employ, remunerate and receive the advice of a person qualified to advise on any matter within the jurisdiction of the Court; (l) establish joint committees of the Court and Senate to which the Court may appoint members of the Court and members of the Senate, to define the powers and to determine the membership and quorum of such joint committees, and to delegate to any such joint committee any function which the Court itself is competent to perform; (c) has served in the position of a senior finance manager for at least 10 years; and (2) The Finance Director shall, subject to the supervision of the Vice-Chancellor and Principal- (a) be responsible for the administration of the university funds in accordance with such financial management policy as may be prescribed by the University; (b) prepare the annual budget and financial report to be submitted to the Court and Commission by the Vice-Chancellor and Principal, and (c) submit annual financial statements to the Vice-Chancellor and Principal for auditing within 3 months after the end of the financial year; (d) advise the Vice-Chancellor and Principal on all financial matters. 25. All academic and senior administrative staff of the Campuses and of the Registry shall be regarded as employees of the University and shall be deployed by the University where and when required. 26. (1) The staff of a University shall be bound by the terms and conditions of service negotiated by the appropriate staff associations or other negotiating bodies and the University authorities and approved by the Court. Other staff. Staff Associations. No. 5 The Universities Act 2021No. 5 The Universities Act 2021 17 (m) admit to membership of any joint committee of the Court and Senate representatives of the student body to be appointed in such manner and subject to such conditions as may be prescribed; (n) establish a joint committee of the Court and representatives of the student body; (o) on the recommendation of the Senate, to - (i) institute new degrees, diplomas, certificates and other academic awards, to prescribe regulations appertaining thereto, and to amend or add to existing regulations relating to existing degrees, diplomas, certificates and other academic awards; (ii) regulate the courses of study, the manner of teaching, the length of the academic session or sessions and the manner of conducting examinations; (iii) determine the number and type of honorary degrees to be awarded in each session, and the names of the recipients; (iv) regulate and alter the constitution, name and number of faculties and schools, to discontinue any faculty, institute or school and to create new faculties, institutes and schools; (v) appoint and determine the remuneration of external examiners; (c) has served in the position of Deputy Registrar and, or have at least 5 years relevant experience in business management or entrepreneurship and administration (2) A Registrar shall, subject to the supervision of the Vice-Chancellor and Principal- (a) be the principal adviser to the Vice-Chancellor and Principal on administrative matters; (b) be responsible for the conduct of the administrative business of the University other than that assigned to the Court; (c) be Secretary to the Court, Senate, Standing Committees of Campuses, faculty and all other committees of the University and communicate the decisions of those bodies to all individuals who may be affected by those decisions; (d) be responsible for the organisation of the administrative arrangements of the Campuses; (e) be the custodian of the University seal, subject to section 2, and (f) subject to this Act, perform such other duties as shall be prescribed by the Statutes. 24. (1) A University shall have a Finance Director, who- (a) shall be appointed by the Court; (b) have a qualification in Association of Chartered Certified Accountants or its equivalent; and Finance Director. (p) regulate the amount of the payment and appropriation of fees and other payments made by students in consultation with the Minister; (q) prescribe by standing orders or otherwise to decide such matters as are not dealt with in the Act and Statutes as the Court may think fit, to prescribe by standing orders or otherwise to decide. (2) In addition to the functions of the Court under subsection (1), the Court may provide for - (a) the appointment and continuance in office of the Vice-Chancellor and Principal, the Pro-Vice Chancellor, Deputy Vice-Chancellor and other officers of the University as the case may be; and (b) the constitution, functions, duties and business of the Court, Senate, Convocation and Congregation and the election and continuance in office of the Chairman and other members of those bodies and other matters relating to them.