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(1) The Executive Council shall be the principal executive body of the University and shall have the following powers, namely:- (a) to supervise and control the affairs of the University; (b) to hold and control the property and funds of the University; (c) to recommend emoluments and terms and conditions of service of the Vice-Chancellor; (d) to approve academic programmes; (e) to make, amend or repeal Regulations; (f) to prepare the budget of the University; (g) to administer any funds placed at the disposal of the University; (h) to acquire or transfer any movable, immovable or intellectual property of the University; (i) to direct the form and use of the common seal of the University;