Mick Wallace (Wexford, Independent) | Oireachtas source

I am not making allegations. I am stating facts. I want the Taoiseach to dig deeper.

Not only does NAMA have a tendency to play a bit footloose with criminal law, but it seems to care little for the data protection law. Two months ago, the Data Protection Commissioner found that NAMA was in breach of its obligations under data protection law regarding requests for data from the O'Flynn group. I have read the 67-page report and believe the Government should be concerned. The O'Flynns had asked for all personal data NAMA held on them, which is their right. NAMA initially agreed to undertake a full search for this. Some 14 months later, however, it told the commissioner it had decided not to do the requested searches.

I have no doubt the workings of NAMA will prove to be the biggest financial scandal in the history of the State when the truth eventually emerges. Former NAMA officials and their closest friends now control vast amounts of Dublin's housing stock. They have morphed from being civil servants into millionaires, quicker than the Government can build a semi-detached house. I know the Taoiseach is a busy man and it cannot be possible for him to be on top of every issue. I appeal to him to consider, however, putting NAMA on his radar and address the fact that it lacks transparency and accountability. There was much talk in the House last week about insider information but a blind eye is being turned to NAMA. The Taoiseach is ignoring it at his peril.

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