Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:20 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I am moving faster than most other members. I am not making speeches, I am posing straight questions. Will our guests indicate the purpose of the IBRC repurchase agreement scheme of €15 million? This is detailed on page 12. People will be intrigued why NAMA was obliged to take the Minister for Public Expenditure and Reform to the District Court in Longford to obtain an order of entry and maintenance in respect of a particular building. Why was it necessary to take a Minister to court in the first half of this year? Would the Minister not agree to hand over the key to the building or did someone lose it? The poor old Minister, Deputy Howlin, had to be dragged down to Longford District Court.

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