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

Mr. Martin McGuinness:

There was a deep appreciation within the Executive about what we were facing as a result of NAMA and the impact all of that was having on the business community in the North and that there needed to be a solution which met the needs of everybody. I was working on the basis that the Minister for Finance, Deputy Noonan, and NAMA, as an organisation established by the Irish Government, would be hugely sensitive and protective of taxpayers’ money in the South but also that they would be very conscious of the responsibilities we, as an Executive, had in the North to ensure that the outworking of the sales process did not damage an institution that was in many ways a fledgling one given that the DUP and Sinn Féin in government together with others was a very tricky act of management for all of us.