Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

That is Mr. Daly's understanding of what his job is. I am not finding fault with that but I am pointing out that no Minister has given directions under the other objectives, which are very important to me.

The next thing is value for money. There is a tribunal as we speak, a commission of inquiry relating to a particular project from NAMA and its costs. I see NAMA as inadvertently part of the problem, whether the witnesses like it or not. In the context of the mandate they have been given, property prices have to keep rising to make NAMA worthwhile and ensure a return. Is that not right?

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