Benue State panel established to review government revenue and expenditure records from 2015 to 2023 has reported that about N139.8 billion in public funds could not be properly accounted for during the period under investigation.
Chairman of the Benue State Income and Expenditure Commission of Inquiry, Justice Jubril Idrisu (Rtd), disclosed this on Friday while presenting the panel’s report to Governor Hyacinth Alia at the Government House in Makurdi.
Idrisu said the commission’s review showed that the state generated more than N826.5 billion in revenue within the eight year period, while total expenditure amounted to approximately N683.4 billion.
According to him, the difference between the recorded revenue and expenditure stood at about N139.8 billion, which the commission recommended should be recovered from individuals found liable.
“The commission’s findings, contained in two volumes, revealed serious concerns regarding the management of public finances during the period under review.
“Records indicated 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.
The retired judge explained that the commission was inaugurated in June 2025 and tasked with examining the financial activities of the immediate past administration and the 23 local government councils from May 29, 2015, to May 28, 2023.
He stated that the investigation also uncovered questionable loan arrangements involving some local government councils and financial institutions, including instances where repayments significantly exceeded the original loan values without adequate supporting records.
Idrisu further revealed that investigators discovered transfers of public funds to certain financial institutions without sufficient documentation to establish their legitimacy, recommending appropriate recovery measures where necessary.
He emphasised the need for stronger financial oversight, including proper authorisation procedures for online transactions and the discontinuation of blank pre signed mandates.
According to him, such practices weaken accountability mechanisms and reduce transparency in public financial management.
Responding to the report, Governor Hyacinth Alia reiterated his administration’s commitment to transparency, accountability and institutional reform.
Represented by Deputy Governor Dr Sam Ode, the governor commended members of the commission for their dedication and thoroughness in carrying out the assignment.
Alia said Justice Idrisu was chosen to lead the panel because of his reputation for integrity, professionalism and impartiality.
He expressed confidence that implementing the commission’s recommendations would strengthen governance structures, promote prudent management of public resources and ensure that those found responsible for any wrongdoing are held accountable.
The governor also acknowledged the difficulties encountered by the commission, including challenges in obtaining information and cooperation from some individuals and organisations, but praised members for remaining focused on their mandate.
He apologised for the logistical constraints experienced during the exercise, noting that his administration inherited significant institutional and administrative challenges upon assuming office.
Alia assured the commission that its findings would play an important role in ongoing efforts to improve governance standards and rebuild public trust in state institutions.
The report is expected to serve as a key reference document for future reforms aimed at strengthening financial accountability, enhancing transparency and improving the management of public resources across Benue State.