N139.8bn unaccounted for between 2015, 2023 – Benue govt
Investigation Reveals N139.8 Billion Unaccounted for in Benue State Financial Records
Makuirdi, Benue – A commission of inquiry established by the Benue State Government has reported that approximately N139.8 billion is unaccounted for in the state’s financial records between May 29, 2015, and May 28, 2023. Justice Jubril Idrisu, Chairman of the Benue State Income and Expenditure Commission of Inquiry, presented the findings to Governor Hyacinth Alia at the Government House on Friday.
The commission’s investigation revealed that Benue State generated over N826.5 billion in revenue during the specified period, while expenditures totaled approximately N683.4 billion, leaving a discrepancy of about N139.8 billion.
Justice Idrisu indicated that the commission recommended recovering the missing funds from individuals found accountable, following appropriate legal and administrative procedures.
Formed in June 2025, the commission was tasked with examining financial activities of the previous administration, as well as those of the state’s 23 local government councils.
In addition to the unaccounted funds, the panel raised concerns over loan transactions involving specific local government councils and financial institutions. The report highlighted instances where loan repayments exceeded the original amounts, with inadequate or absent supporting documentation.
The commission also flagged what it termed irregular transfers of public funds to financial institutions, noting the lack of sufficient documentation to substantiate these transactions.
To enhance accountability, the commission proposed improved financial controls, including stricter authorization procedures for online transactions and the elimination of blank pre-signed mandates.
Deputy Governor Dr. Sam Ode received the report on behalf of Governor Alia and praised the commission for its thorough and courageous work in the public interest.
Governor Alia reaffirmed his administration’s commitment to transparency and accountability, expressing confidence that implementing the commission’s recommendations would strengthen public institutions and deter the misuse of public resources. He also acknowledged the challenges the commission faced, including difficulties in obtaining information from certain individuals and institutions. The governor assured that the report would serve as a crucial reference for future governance improvements and in restoring public trust in financial management.
