Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I have served as Chairman of the Committee of Public Accounts and worked closely with different Comptrollers and Auditors General. I have great respect for the work they do. I also have great respect for NAMA, the chairman of the board and the chief executive who have carried out their functions in accordance with law. No charge of irregularity, wrongdoing or improper behaviour has been laid against NAMA. There is clearly a conflict between the position taken by the chairman of NAMA on behalf of its board and the report of the Comptroller and Auditor General. There are a number of conflicts about the process and timeline in the disposal of Project Eagle, but the principal conflict that would cause a variation in the estimated value involves the different approaches taken to discounts. That discrepancy is being addressed by the Committee of Public Accounts. I will appear before it next Thursday and answer all of its questions.

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