The Worldwide President of the association Mr. Segun Oke, who disclosed this at this year reunion programme last week, explained that the hostels would accommodate 8,000 students.
Oke said the new accommodation facilities would ease student residential difficulties on campus.
He added that the association also facilitated the on-going renovation of the Senate building worth N1 billion.
According to him, the association has renovated virtually all the existing male and female hostels on campus while renovations were also carried out at the Faculty of Agriculture Lecture Theatre, among others.
He added: "Scholarships were given out to over 1,000 students to encourage them in their academic pursuits and over 2,000 books were donated to Hezekiah Oluwasanmi Library to enhance learning.
In her comment at the event, a chief prosecutor and legal adviser at the International Criminal Court, Fatou Bensouda, frowned at oppression of the vulnerable in Africa.
The jurist, who advocated that justice should prevail in all cases relating to maltreatment of the vulnerable in the society, charged judges to right all wrongs concerning injustice.
Bensouda also advocated that the rule of law should be upheld to protect humanity against criminality.
She said: "it pains me a lot when I see injustices not being given adequate attention in a court of law.
"One of my commitments in life is to see that justice reigns in every circle and to ensure that the right of every individual is protected.
"There should be international justice all over the countries to address cases like rape, child abuse, sexual harassment, suicide attack, adoption and many others without political interference.
"Criminal interrogation must be justly handled without political interference while cases of molested women, raped girls and many others especially those inflicted with tortures, should be handled without fear or favour by the concerned authorities."
ENDS
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