preloader

University Charter

Introduction

  • The University of Entrepreneurship and Technology was founded in 2010 in the State of Delaware, United States of America (USA). The Board of Directors and Governing Council members, in association with the Institute of Company and Commercial Accountants (Chartered) of Nigeria, established the university with the mission of providing quality higher education globally in the field of Small and Medium Scale Enterprises (SMEs), aiming to empower every student to become self-reliant.

  • Later, following a successful initial year of operations and with approval from the Board of Governing Council, UET plans to apply for accreditation from the International Higher Education Accreditation Council (IHEEAC) and the World Accreditation Board of Online Universities (WABOU).

Structure

The following appointments were made:

  • The staff of the University includes administrative, operational, and academic personnel who are paid from university funds obtained through student fees and Management Development Programs organized periodically.

In order to generate internal revenue, UET Ventures will be established with the following departments:

  1. Petrol Station
  2. Printing Press
  3. Consultancy Services Unit
  4. ICT Training Centre
  5. Sachet and Pure Water Plant
  6. Health, Safety, and Environmental Beautification Services
  7. Tricycle Assembly Plant
  • The University Senate or Steering Committee comprises senior operational and academic staff of the university, who jointly take important day-to-day decisions.
  • The Board of Governing Council includes renowned academicians and individuals of high repute from the corporate world, who assist the University Senate in making strategic decisions.

Governance

  • The primary responsibility for the day-to-day operation of the university resides with the Vice-President and Registrar of the University.

Strategic and collaborative decisions are taken either by the President, or jointly by the Vice-President and Registrar, or are presented before the Board of the University Governing Council for advisory input.

  • The primary responsibility of Research Staff is to conduct basic and applied research in selected areas of management and technology, obtain additional research funding, and develop commercially significant products and processes.

Academic Staff are responsible for teaching, and may also be permitted to direct graduate research or engage in other academic activities as approved by the relevant academic unit and the President of the Institute.

Qualified staff may teach specialized courses in classes and workshops from time to time, depending on institutional needs.

  • The University Steering Committee provides guidance in setting priorities, assessing outcomes, and identifying new opportunities. Committee members are appointed by the Vice-President and Registrar in consultation with the Vice-President.

Operating and Financial Procedures

  • The university adopts all operating, personnel, and financial procedures that apply to academic units within the institution.
  • When seeking external funding to support research and departmental activities, all departments must adhere to the university’s standard grant application procedures and research policies.
  • The university is governed by standard budgetary and financial procedures and submits an annual budget for approval by the President and the Board of Governing Council as part of the regular budget review process.
  • The university’s accounts are periodically audited by the Internal Audit department and are also subject to additional audits by appointed External Auditors, particularly in relation to specific funding sources.

Review

  • The University will prepare an Annual Report for the President, detailing its academic achievements, research accomplishments, and industrial collaborations aligned with its mission.
  • Every five years following the adoption of its permanent charter, the University will undergo a comprehensive review of all its centers, in accordance with the existing statute and as approved by the Board of Governing Council.

Approved by the Board of Governing Council at its meeting of January 1, 2017.