The governance and management of a university is vested in the hands of key officers. For administrative convenience, the University Governing Council, the Pro-Chancellor, the Vice-Chancellor, Deputy Vice-Chancellors of Administration and Academic, Provost, Registrar, Bursar, Senate, Senate Committees, Directors of Centers, Deans of Faculties and Heads of Departments/Units are charged with policy formulation and implementation for university success. This paper examined University Management and policy implementation as a crucial tool for the efficient utilization of entrusted resources and the day-to-day administration in the pursuit of set university goals and objectives of Rev. Fr. Moses Orshio Adasu University, Makurdi, Nigeria. The descriptive survey research design was utilised, and primary data were obtained through the administration of a closed-ended questionnaire, and complemented by secondary data sources. The Taro Yamane (1967) formula was employed to determine a sample size of 400 respondents among the non-teaching staff and teaching staff in administrative capacity in the university. The study utilised the Transactional Leadership Theory of MacGregor (1978) as its theoretical framework of analysis. The study revealed that governance and policy implementation in the past were not properly looked into in the university, which affected the effective management. The research further implies that MOUAM’s struggle to adopt and implement best academic standards which indicates a gap in management structures and policy enforcement. This can lead to compromised academic quality and reduced competitiveness at both national and international levels. The paper recommends, among other things, that the institution should diversify its funding sources by establishing public-private partnerships (PPPs) and launching alumni fundraising initiatives to supplement government allocations and ensure adequate funding for professional and administrative reforms, which make available funds to implement academic policies that will meet the vision and mission of the university.