Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

No, it is not resisted. However, sometimes some of these are more unique than others. The companies were dissolved. We had to get the companies reinstated into the companies office to appoint a receiver. We appointed a receiver. A local authority had expressed some interest in some of these assets, so when we appointed the receiver, we told them to engage with the local authority to see if they could sell these assets. The receiver engaged with the local authority for about a year and a half. Then, in late 2019, the local authority indicated that having looked at the assets and circumstances, it was not going to proceed.

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