(1)It shall be the duty of every authority, employee and officer of the University to ensure that the interests of the University are duly safeguarded.

(2)If it is found that a damage or loss has been caused to the University by any action on the part of any authority or employee or officer of the University, not in conformity with the provisions of this Act, Statutes, University Ordinances or Rules, or any failure so as to act in conformity thereof, by willful neglect or default on its or his part, such damage or loss shall be liable to be recovered from the authority or employee or the Officer thereof, jointly or severally, or from the officer or employee concerned, as the case may be, in accordance with the procedure prescribed by the Statutes.