Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

No, I do not agree, Deputy. If there was any sense in that, that confidential debtor information, or confidential information regarding, for example, what pricing, analysis, etc., was being done around Project Eagle, if there was any sense in which that was being disclosed I would agree with the Deputy. However, there was not and I therefore do not agree with the Deputy. We were very upfront when we came in here in July about Tughans and their involvement. They are on the NAMA legal panel - the competitive panel. This is the third largest firm in Northern Ireland so it would be expected that they would appear, possibly, there. The total cost that we paid to Tughans since the inception of NAMA is €223,000 and that is for work in 2011, 2012, 2013, 2014 and 2015.

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