Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Public Accounts Committee

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

9:00 am

Mr. Brian Rowntree:

Yes. Let me take the Deputy back on that, if I may. The original terms of reference, which Deputy Connolly referred to, indicate that this was not a decision-making forum. It clearly set that down. The decisions were made by the main NAMA board.

In relation to Project Eagle, it is very clear, and even the minutes give testament to this, that the control and responsibility for that process rested with the main NAMA board, and within the senior ranks of the executive team supporting the board. The decision was then taken by the main NAMA board to set aside any discussion on Project Eagle with the Northern Ireland advisory committee. I would go as far to say, therefore, that the committee itself is removed then at that point from the sale of Project Eagle because there is no reference to anything in relation to Project Eagle thereafter. One has to then go to the main NAMA board to seek resolution of the considerations that are under review by this committee and by others.

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