This followed the adoption of a motion by the Speaker, Mr Matthew Kolawole during plenary in Lokoja.
Speaking on the motion read on his behalf by Deputy Speaker, Ahmed Mohammed (APC-Ankpa I), Kolawole said it was common knowledge that payment of salaries in the state was a serious problem prior to the inception of Bello’s administration.
The speaker said that the situation prompted the immediate past administration to apply for a bailout from the Federal Government.
“Although N50 billion was approved by federal government, it could not be accessed until Bello came into office in 2016.
“Bello applied for the release of the fund which the President granted in tranches.
“The federal government in the last tranche, approved a N20 billion bailout loan through the Central Bank of Nigeria and disbursed through Sterling Bank Plc and used in paying salaries in 2019,” he said.
Kolawole said that following allegations that the N20 billion was drawn by the government without utilising it for what it was meant for, he instructed the Public Accounts Committee of the House to investigate the disbursement.
“The committee established in its report that there was no truth in the allegation, as the bailout facility had been totally drawn by October 2019.
“My distinguished colleagues, it is now on record that Sterling Bank Plc on Sept.1, in an official response to a demand letter from Kogi government refuted the EFCC’s allegation in totality,’’ he said.