The Board may

(a) vary a certificate of accreditation where the Board is of the opinion, that the variation:

(i) is necessary having regard to the national education policy,

(ii) may assist the institution concerned to carry out its function in a more efficient manner, or

(b) revoke a certificate of accreditation, where the Board is of the opinion that:

(i) the institution concerned is not carrying out its functions in a proper manner,

(ii) the institution is in breach of its certificate of accreditation, or

(iii) the revocation is necessary having regard to the national education policy.