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:
Absolutely. In the life of NAMA, I think we have had more than 500 receiverships. The receiver indicated just before Christmas in December 2019. Usually a receivership has to be consensual between the secure lender who appoints the receiver and who discharges the receiver. The receiver told us he was taking legal advice and was effectively self-resigning. It was absolutely exceptional.