Benue State Governor, Rev. Fr. Dr. Hyacinth Iormem Alia, has taken steps to recover and reposition key state-owned assets, including the Sheraton Hotel in Makurdi and the Lobi Cassava Processing Plant, as part of efforts to boost internally generated revenue and stimulate economic growth.

The move, the state government said, is aimed at restoring the assets to productivity while creating employment opportunities for residents.

The Benue Investment and Property Company Limited (BIPC) has commenced an inquiry into the lease agreement of the Sheraton Hotel, Makurdi. The investigation is reviewing the terms under which the facility was leased to King Di Nig Ltd., with a view to ensuring the property delivers optimal economic value to the state.

According to the government, a forensic audit uncovered serious irregularities in the management and utilisation of both the hotel and the Lobi Cassava Processing Factory. The audit reportedly showed that poor operational performance and non-functional facilities led to significant revenue losses for the state.

In response, the Alia administration, through BIPC, has also begun plans to revive the Lobi Cassava Processing Plant, which has remained dormant for years. Officials say the revival will restore proper management structures, improve productivity, and generate employment.

The inquiry into the management of the assets is being handled by a judicial panel chaired by retired Justice S. O. Itodo.

Technical Adviser to the Governor on Media, Publicity and Strategic Communication, Chief Solomon Iorpev, said the initiative reflects the administration’s commitment to transparency, accountability, and economic revitalisation in Benue State.