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. They were telling us to realise the assets but Michael Noonan, the former Minister for Finance, said in 2015 that he wanted us to be involved in delivering 20,000 units. That was what we were talking about previously. We did our best to do that as long as the assets were with us. In terms of the remaining lands, we were being told to sell our assets, to sell down everything we had and if there was a surplus, we were to give it back to the Minister for Finance who could make use of it to meet other items. We were doing what it said on the tin. If a Minister gave us a direction to do something, we did it. We did not get the direction to retain land.

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