The 13th substantive Vice Chancellor of the University of Lagos (UNILAG) will be announced this Friday.

The Pro-Chancellor/Chairman of the Governing Council, Senator Olanrewaju Tejuosho, disclosed this at the College of Medicine, UNILAG, Idi Araba in Lagos during the flag-off of activities to mark the 60th anniversary of the university.

The new VC will take over from Professor Toyin Ogundipe, the 12th substantive VC whose tenure ends next month.

Ogundipe, a Professor of Botany and the 12th vice-chancellor of the university will bow out of office in early November after the expiration of his five-year single tenure as the vice chancellor of the institution.

Tejuosho said the selection process is at the final stage and the new vice-chancellor will emerge and be made public on Friday.

He added that the process is democratic and has been fair, thorough and transparent and that whoever emerges eventually is the choice of God Almighty.

The Pro-Chancellor commended the outgoing vice-chancellor, particularly for his passion and commitment to the development of UNILAG within his five-year tenure in office.

He also disclosed that an endowment fund of $500 million would be launched to raise funds for the provision of new facilities and the upgrade of old ones in the university.

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