Gerald Nash (Louth, Labour)
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Mr. McDonagh is very welcome to the committee. It is appreciated that he is here when others who are responsible and accountable to this committee are not here. It demonstrates his integrity over the years, his commitment to public service and his track record more generally. It will not come as a surprise to Mr. McDonagh that this committee will want to interrogate and ask some questions about the particular role he was associated with in the context of media reports and regular references in the Dáil and elsewhere and his potentially holding a position under the aegis of the Minister for housing and Department of housing.

Mr. McDonagh will accept that we are asking these questions because he is the chief executive of an organisation that is accountable to this committee - the finance committee. He has worked for a number of years for the NTMA, an organisation that is also accountable to this committee. When media speculation around the potential for him to fill a different role outside the ambit of the Department of Finance arose, what did the NTMA say to him about it? When did the NTMA know and how did he broach the matter with Frank O’Connor?