A commission established by the Benue State Government to investigate the state’s financial activities from 2015 to 2023 has revealed that about N139.8 billion in public funds could not be properly accounted for.
The Chairman of the Benue State Income and Expenditure Commission of Inquiry, retired Justice Jubril Idrisu, made the disclosure on Friday while submitting the panel’s report to Governor Hyacinth Alia at the Government House in Makurdi.
Presenting the findings, Idrisu stated that the commission discovered that Benue State generated more than N826.5 billion during the eight-year period under review, while total spending amounted to approximately N683.4 billion.
He noted that the difference between the revenue and expenditure figures left an unexplained balance of roughly N139.8 billion, which the commission recommended should be recovered from individuals found liable.
“The commission’s findings, contained in two volumes, revealed significant concerns in the management of public finances during the period under review.
“Records showed that the state generated over N826.5 billion in revenue, while expenditure stood at about N683.4 billion, leaving an unaccounted balance of approximately N139.8 billion,” he said.
Justice Idrisu explained that the commission, inaugurated in June 2025, was tasked with examining the finances of the immediate past administration as well as the 23 local government councils between May 29, 2015, and May 28, 2023.
The panel also identified questionable loan dealings involving some local councils and financial institutions, including cases where repayments allegedly exceeded the original loan values without adequate supporting records.
According to the commission chairman, investigators further traced irregular transfers of public funds to certain financial institutions where documentation and proof of legitimacy were either insufficient or unavailable. He said the commission advised that appropriate recoveries be pursued where necessary.
Idrisu emphasised the need for tighter financial oversight mechanisms, urging authorities to ensure that online transactions are properly authorised by designated officials and to discontinue the practice of issuing blank pre-signed financial mandates.
He warned that such practices weaken transparency and accountability in the management of public resources.
Receiving the report on behalf of Governor Alia, Deputy Governor Dr. Sam Ode reaffirmed the administration’s commitment to transparency, accountability and institutional reforms.
He praised the commission for carrying out what he described as a thorough and courageous assignment in the interest of the people of Benue State.
Ode noted that Justice Idrisu was chosen to lead the panel because of his reputation for integrity and fearlessness on the bench.
The governor expressed confidence that implementing the panel’s recommendations would strengthen public institutions, reduce the misuse of government funds and ensure that those found culpable are held accountable.
He acknowledged that the commission faced several obstacles, including limited cooperation and difficulties in accessing information from some individuals and institutions, but commended its members for remaining focused on their mandate.
Alia also apologised for logistical challenges encountered by the panel, explaining that his administration inherited significant institutional and administrative difficulties upon assuming office.
He assured the commission that its findings would play a key role in ongoing efforts to rebuild public trust and promote accountability in governance.
According to the governor, future generations will regard the report as an important contribution to strengthening transparency and responsible management of public resources in Benue State.
Benue probe uncovers N139.8bn missing funds, recommends recovery