Oireachtas Joint and Select Committees
Wednesday, 16 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
12:30 pm
Peter Burke (Longford-Westmeath, Fine Gael)
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With regard to how this was executed, the Minister could not ring and say "I am selling all of Project Eagle" because he does not have the authority or the jurisdiction to do that. It is very clearly laid out in the National Asset Management Agency Act 2009 that NAMA is totally independent in its performance. Therefore, the Minister could not execute that. It is not in his power to sell Project Eagle.