Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Photo of Patrick O'DonovanPatrick O'Donovan (Limerick, Fine Gael) | Oireachtas source

There is a reason I am asking this. The NAMA annual report cites a number of development sites in Dublin along by the docklands which the agency hopes to develop for badly needed units, offices, commercial units, houses, apartments and so on. Let us cut to the chase. Will we wind up with a situation involving people who have resurrected themselves and entered a process where they could wind up with a tender from NAMA to build apartment blocks across the river or further down the river from the mess that we are now left with? Is something going to be done to prevent that? If I bought a banger of a car or a dud from a garage, I would hardly go back for a second one from the same garage. As a taxpayer, I want to know whether NAMA will ensure that the people who landed us with this mess are going to be excluded from the process in future.

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