Alice-Mary Higgins (Independent) | Oireachtas source

-----as to what they destroy or keep. From our perspective, that is an inadequate answer in respect of a matter which is awaiting the publication of a commission of investigation report and where there are very significant issues.

An absolutely core matter of concern is the proposed indemnification.

We need only look to Project Eagle and the sale of the Northern Ireland portfolio. We have seen individuals facing fraud charges in that regard. We have seen consequences that emerged in respect of serious concerns and investigations. Clearly, there is much to be looked at.

There is a proposal under head 24 to give the resolution board the legal power to indemnify members of NAMA's board, officers of NAMA and staff members. The resolution board will be tasked with NAMA duties, and it may include, as has been suggested, former NAMA officers who will be transferred over to it. The board will have the power to effectively indemnify its members, NAMA board members and its staff within the NTMA against investigation. This is really serious. It is something that raises many red flags, particularly, as was stated, regarding Project Eagle, in respect of which there was an investigation, and a few other cases. Genuine concerns as to people's activities have arisen. Why would we indemnify the individuals who are on the board or working within NAMA prior to the emergence of the final report?