The Benue State Government’s investigative panel has concluded its examination of financial records from 2015 to 2023, uncovering a staggering N139.8 billion in public funds that could not be accounted for. This discovery was made by the Income and Expenditure Commission of Inquiry, which submitted its findings to Governor Hyacinth Alia on Friday.
Retired Justice Jubril Idrisu, who chaired the commission, revealed that during the eight-year period, Benue State generated over N826.5 billion in revenue and spent approximately N683.4 billion. The difference of roughly N139.8 billion represents funds that were either mismanaged or misappropriated, and the panel has recommended that these monies be recovered from those responsible.
The commission’s investigation, which covered both state government and the 23 local government councils, uncovered irregularities in loan agreements involving some councils and financial institutions. In several instances, loan repayments exceeded the original amounts borrowed, with insufficient documentation to justify the extra payments. The panel also traced suspicious transfers of public funds to various financial institutions, where proper authorization and proof of legitimacy were missing.
Justice Idrisu emphasized the need for stronger financial controls, particularly urging authorities to ensure that all online transactions are properly authorized and to halt the practice of issuing pre-signed blank financial mandates, which undermines transparency. He noted that the commission faced significant challenges, including reluctance from some individuals and institutions to cooperate or provide necessary information.
Receiving the report on behalf of Governor Alia, Deputy Governor Dr. Sam Ode praised the commission for its thorough and courageous work. He reaffirmed the administration’s commitment to accountability and institutional reforms, stating that the findings would be used to strengthen public trust and ensure that those found culpable face consequences. The governor also apologized for logistical difficulties the panel encountered, attributing them to challenges inherited from previous administrations.
The report is expected to play a key role in ongoing efforts to improve financial management and transparency in Benue State, with future generations likely to view it as a vital contribution to good governance.