Dáil debates

Tuesday, 6 October 2015

4:10 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

NAMA is in this jurisdiction, and under the legislation it is responsible to the Committee of Public Accounts in this House, which reports to the Dáil and the Oireachtas. That committee is chaired by an independent member of the Opposition and is not chaired by a member of the Government. Deputy Martin is aware that NAMA appeared before the Committee of Public Accounts last week and clearly stated that the sales process that was conducted was in line with international best practice. It was conducted independently and overseen by Lazard, a major international bank. NAMA also said that the integrity of the sales process was fully protected and that no external members of the Northern Ireland advisory committee had access to any confidential information in regard to that sale.

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