Caleb University, Imota Lagos, was granted provisional license in May 2007 and began academic activities in January 2008 with three colleges. Initially operating from Ikosi GRA, it relocated to its permanent 110-hectare campus in Imota in 2009. Since 2011, it has been producing graduates for the National Youth Service Scheme. The university expanded with part-time programs in 2012, launched its College of Postgraduate Studies in 2013, added the College of Education in 2018, and established the College of Law in 2021.

The University of Falar is a public foundation regulated by private law and with statutory, educational, scientific, cultural, administrative, financial, patrimonial and disciplinary autonomy.