Benue panel uncovers N139.8 billion in unaccounted public funds
via Punch Nigeria2 min read
A commission of inquiry established by the Benue State Government to investigate the state's income and expenditure from 2015 to 2023 has identified N139.8 billion in unaccounted public funds. Justice Jubril Idrisu retd, Chairman of the Benue State Income and Expenditure Commission of Inquiry, presented the commission's report to Governor Hyacinth Alia. The findings indicate that the state generated over N826.5 billion in revenue, with expenditures around N683.4 billion, leaving an approximate N139.8 billion balance unaccounted for. The commission recommended recovering these funds from responsible individuals. The panel also found questionable loan transactions with financial institutions and local government councils, where repayments exceeded original loan amounts without proper documentation. Irregular transfers of public funds to certain financial institutions lacking sufficient records were also identified. The commission stressed the need for stronger financial controls, including proper authorization for online transactions and ending the practice of issuing blank pre-signed mandates. Governor Alia, represented by his deputy Dr. Sam Ode, received the report and reaffirmed his administration's commitment to transparency and accountability, expressing confidence that the recommendations would strengthen institutions and curb the misuse of public resources.
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