The council recommended for approval of the Visitor, Governor Rauf Aregbesola, the termination of the appointment of the Vice Chancellor, Prof. Bashir Okesina.
The council, on Tuesday, gave letters of termination of appointment to the Registrar and the Bursar, Dr. Julius Faniran and Alhaji Fatai Lasisi.
The termination of their appointments followed the recommendations of the Visitation Panel set up by the governor.
The panel probed the allegations of financial misappropriation and mismanagement in the university.
But the university's chapter of the Academic Staff Union of Universities (ASUU) has rejected the decision.
In a statement by its Chairman, Dr. Abiona Oluseye and eight other officers, the union said the action was done in bad faith.
The union also said the sack was prejudicial and violates the principle of equity and fairness.
It said: "It is instructive to state that a visitation panel was constituted by the governor and the report submitted.
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