Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I accept that.

The Minister responded to a parliamentary question on 25 March 2014. In it he stated, "I have asked NAMA to evaluate their disposal timing and strategy in the context of current market demand and explore the advantages and disadvantages of accelerating its disposal strategy". A report in the Irish Independenton 19 February 2014 stated:

Mr. Noonan told reporters he had instructed senior NAMA officials to look at the various to look at the various options, but he said no decisions had yet been taken.

"But when I come around to making decisions, I want the decisions to be evidence-based," [the Minister said.] ... "I want them to explore the implications of bringing forward the sale, because the market would be able to carry a big sale at this point."

Would the Minister contradict that?