A commission of inquiry established by the Benue State Government to examine the state’s finances between 2015 and 2023 has reported that N139.8 billion in public funds remains unaccounted for.
The chairman of the Benue State Income and Expenditure Commission of Inquiry, Justice Jubril Idrisu (retd), made the disclosure on Friday, June 19, 2026, while submitting the panel’s report to Governor Hyacinth Alia at the Government House in Makurdi.
Idrisu said the investigation showed that the state generated more than N826.5 billion in revenue during the eight-year period under review, while total expenditure stood at about N683.4 billion.
He stated that the difference revealed an unaccounted balance of approximately N139.8 billion, which the commission recommended should be recovered from those found responsible.
“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.
The retired judge explained that the commission, inaugurated in June 2025, was tasked with reviewing the finances of the previous administration as well as those of the 23 local government councils between May 29, 2015, and May 28, 2023.
He added that the panel also uncovered questionable loan dealings involving some financial institutions and local government councils, including cases where repayments reportedly exceeded the original loan amounts without proper documentation.
Idrisu further noted that investigators found instances of irregular transfers of public funds to certain financial institutions without adequate records or justification, recommending recovery where appropriate.
He emphasised the need for stricter financial controls, including proper authorisation for online transactions by designated officials and an end to the use of pre-signed blank payment mandates, which he said undermine transparency and accountability.
Receiving the report, Governor Hyacinth Alia reaffirmed his administration’s commitment to transparency, accountability, and institutional reforms.
Represented by his deputy, Dr Sam Ode, the governor commended the commission for its thorough work and described its assignment as a patriotic effort in the public interest.
He said Justice Idrisu was chosen to lead the panel because of his reputation for integrity and courage.
Alia expressed confidence that the implementation of the recommendations would strengthen institutions, reduce financial mismanagement, and ensure that those found culpable are held accountable.
He also acknowledged the challenges faced by the commission, including difficulties in obtaining information and cooperation from some individuals and agencies, while praising the panel’s resilience and dedication.
The governor apologised for logistical constraints encountered during the exercise, noting that his administration inherited significant institutional challenges. He assured that the report would serve as an important guide in ongoing efforts to rebuild public trust and improve governance in the state.
He added that future generations would view the findings as a key contribution to strengthening transparency and accountability in Benue’s public financial management.
