Oireachtas Joint and Select Committees

Thursday, 10 November 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

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

I welcome the witnesses. I found some of Ms Nolan's responses extraordinary. I will refer to the last time she was here and what she said. I am trying to get clarity. There has been a sleight of hand regarding the perception that NAMA was portraying regarding the Comptroller and Auditor General's report and his analysis of the change in sales strategy and the discount rates applied. NAMA misrepresented what the Comptroller and Auditor General was saying. I said this to NAMA board members when they were here with us. We are trying to clear up those misrepresentations. We got some of it from the Department representatives when they were here before. There is a hangover of it in the responses I have heard so far and I would like to get clarity. If we can get clarity and if there is no real difference, we will be in a better place. The 5% discount rate was put to Ms Nolan and she explained that it may have been a mistake. Mr. Reid clarified that it was not a subject of discussion with the Comptroller and Auditor General.

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