Benue State has lost approximately ₦139.8 billion to poor financial controls and questionable loan transactions between 2015 and 2023.
The Benue State Income and Expenditure Commission of Inquiry 2025, chaired by Hon. Justice Jubril Idrisu (Rtd), disclosed this in its report submitted to Governor Hyacinth Alia on Friday, at Government House, Makurdi
Justice Idrisu (Rtd), recalled that the committee was inaugurated by Governor Alia in June 2025 to examine the income and expenditure of the immediate past administration and the 23 local government councils between May 29, 2015, and May 28, 2023.
Justice Idrisu stated that despite challenges, including delays caused by unforeseen circumstances and difficulties in accessing some crucial documents, the Commission meticulously reviewed financial records and conducted public hearings involving former government officials and institutions
He disclosed that the Commission’s findings, contained in two volumes, revealed significant concerns in the management of public finances during the period under review.
According to him, records showed that the state generated over ₦826.5 billion in revenue, while expenditure stood at about ₦683.4 billion, leaving an unaccounted balance of approximately ₦139.8 billion, which the Commission recommended should be recovered from persons identified as responsible.
The Chairman further revealed that the investigation uncovered questionable loan transactions involving some financial institutions and local government councils, including repayments that far exceeded the original loan amounts, with inadequate documentation to justify the transactions.
He added that the Commission also identified other irregular financial dealings involving public funds transferred to certain financial institutions without sufficient records or proof of legitimacy, recommending appropriate recoveries where necessary.
Justice Idrisu also emphasized the need for stronger financial controls, including proper authorization of online transactions by designated officers and an end to the practice of issuing blank pre-signed mandates, which he noted undermines transparency and accountability.
He expressed gratitude to Governor Alia for granting the Commission the independence to carry out its assignment and expressed hope that the recommendations would strengthen public confidence, promote responsible financial management, and support the long-term development of Benue State.
Receiving the probe report, Benue State Governor, Rev. Fr. Hyacinth Alia, reiterated his administration’s commitment to transparency, accountability, and institutional reforms.
Represented by his Deputy, Barr. Sam Ode, the Governor who received the report from the Chairman of the eight-member Commission, Hon. Justice Jubril Idrisu (Rtd), JP, expressed appreciation to Justice Idrisu, the Secretary, and members of the Commission for what he described as a courageous and painstaking assignment undertaken in the interest of Benue people.
Governor Alia said the selection of Justice Idrisu to head the Commission was based on his established record as a fearless jurist and a man of integrity, noting that his contributions to the assignment would remain a significant part of Benue’s historical records.
The Governor stressed the need to address the challenges that had hindered the state’s growth, especially the abuse of public trust by some individuals entrusted with managing public resources as it marks five decades of existence.
He expressed confidence that the implementation of the Commission’s recommendations would usher in far-reaching institutional reforms, discourage the mismanagement of public funds, and ensure that those found culpable are held accountable.
Governor Alia further acknowledged the challenges encountered by the Commission, including difficulties in obtaining information and cooperation from relevant persons and institutions, but commended the Chairman and members for their resilience and dedication to completing the assignment.
While apologising for any logistical difficulties the Commission experienced, he explained that the present administration inherited serious institutional challenges and administrative lapses at the inception of its tenure. Governor Alia said that members had etched their names in the history of the state through their service and sacrifice, adding that future generations would look back at the report as evidence of their commitment to rebuilding Benue and restoring accountability in governance.
