Mr Chidi Ajaegbu, the President of ICAN, disclosed this on Wednesday in Ile-Ife at the foundation laying for the construction of the theatre.
Ajaegbu said the theatre would go a long way in assisting the Department of Accountancy to admit more deserving students into its training programmes.
He said ICAN had produced over 38,000 chartered accountants who had been adding value to wealth creation processes in various fields of human endeavour around the globe.
According to him, the gesture is part of ICAN’s strategies to further its public mandate and encourage production of highly skilled accounting graduates.
“ICAN’s governing council recently approved construction of lecture theatres in five select tertiary institutions across the country, among which is OAU, Ile-Ife,” he said.
The president described the laying of foundation as a milestone in ICAN’s relationship with the university.
Ajaegbu noted that some of the university’s students always pass ICAN final qualifying examinations even before graduation.
“This is a testimony to the quality of teaching and learning in OAU,’’ he said.
Prof. Bamitale Omole, the Vice-Chancellor of OAU, said the university’s management team appreciated ICAN’s gesture.