Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I have put it to the Minister that when it became apparent, as a matter of fact, that a fixer fee was to be payable to a former member of the Northern committee of NAMA, this was an issue - not just on the purchaser's side - but was an issue for NAMA and that was the moment when the Minister should have, and had the authority, to intervene and call a halt to the sales process. The Minister failed to do so. He has never given an explanation as to why that was the case save today, where he said that the chairman of NAMA informed him that it was about to consult, that it had taken a decision to carry on and that it was going to get advice from its financial adviser. Is Mr. Noonan aware that as it turns out, according to Mr. Daly, NAMA did not tell its financial adviser about the fixers' fees?

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