Benue government reports N139.8 billion missing from 2015 to 2023

A commission of inquiry established by the Benue State Government to examine public finances from May 29 2015 to May 28 2023 has reported that roughly N139.8 billion is missing from the state’s financial records.

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 in Makurdi.

During the period under review, Benue State generated more than N826.5 billion in revenue. Recorded expenditure was about N683.4 billion, leaving a gap of approximately N139.8 billion.

Justice Idrisu said the commission recommends that the missing funds be recovered from those found responsible, following appropriate legal and administrative procedures.

The commission was inaugurated in June 2025 and was tasked with scrutinising the financial activities of the immediate past administration as well as the state’s 23 local government councils.

In addition to the unaccounted funds, the panel highlighted concerns over loan transactions involving certain local government councils and financial institutions.

The report notes that some loan repayments far exceeded the original loan amounts, and the supporting documentation was either inadequate or unavailable.

The commission also identified irregular transfers of public funds to financial institutions that lacked sufficient documentation to establish the legitimacy of the transactions.

To enhance accountability, the panel recommended stronger financial controls, including stricter authorisation procedures for online transactions and the elimination of blank pre‑signed mandates.

Receiving the report on behalf of Governor Alia, Deputy Governor Dr. Sam Ode praised the commission for what he described as a diligent and courageous assignment undertaken in the public interest.

The governor reiterated his administration’s commitment to transparency, accountability and institutional reforms, expressing confidence that implementing the recommendations would strengthen public institutions and deter misuse of public resources.

Governor Alia also acknowledged the challenges faced by the commission, such as difficulties in obtaining information from certain individuals and institutions. He assured the panel that its report would serve as an important reference document in efforts to improve governance and restore public confidence in public financial management.