Results 21,701-21,720 of 34,729 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Yes, in the new year.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: The next item is St. Patrick's College and again we have a clear audit report. There is also a repeat of the issues relating to the funding of pensions and to procurement. A total of €884,000 did not go through the proper competitive tendering process. The next item is the National Transport Authority, NTA. The authority has recognised losses of €975,000 relating to leased...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: So that is a loss.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: The National Transport Authority is different to Transport Infrastructure Ireland. The latter is the new name for the National Roads Authority and the Railway Procurement Agency.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Who is the National Transport Authority?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Are they?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: The Comptroller and Auditor General will tell us later on. That is the end of that topic. At this stage we have completed our review but we are asking for a detailed note on the premises that was sublet at a lower rate. The main item on our agenda today is to deal with the witnesses from NAMA. In view of the fact that the opening statement from the chief executive, which runs to 11...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Yes, there is also a 54 page information document. Such documents are coming to us on an ongoing basis in response to queries raised at previous meetings. In view of all of that, I suggest we suspend the meeting at this stage for 30 minutes. When we resume we will make our views known very clearly at the beginning of the public session. Deputy Cullinane wishes to say something.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: I am in the hands of the committee. Is it agreed that we suspend until 10.30 a.m.? Agreed.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: I want to apologise for the late start to the meeting. We had to suspend our meeting primarily because of the late arrival of the opening statements from the two representatives of NAMA. Members of the committee did not have time to review the statements in advance of the meeting so we had to take time out to familiarise ourselves with them before we got into our formal public meeting so...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: That is on the record. We will move on.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: The chairman and chief executive of NAMA are well aware of the views of the committee about the late arrival of the opening statements, as expressed to them during the suspension period. We are coming towards the end of our hearings on special report No. 94 of the Comptroller and Auditor General on NAMA and its sale of Project Eagle, which was the code name given to the sale of NAMA's...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: A vote has been called in the Dáil. The Comptroller and Auditor General referred to a probable loss of £190 million. Do you reject that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: Mr. McDonagh said there was an actual loss of £162 million on the sale was recognised in the 2014 accounts. That is not in dispute.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: Had he also said, looking at the entire portfolio, there was a loss or total impairment on the Northern Ireland portfolio of £640 million, would you have accepted it?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: You accept that there was a loss of £162 million in your accounts and a total loss over the total period from the time you bought it to the time you sold it of £640 million. We are debating the £190 million, but you are accepting the other losses.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: We have to go the Dáil to vote. It is outside our control. We will return immediately after the vote.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: We are continuing our discussion on the Comptroller and Auditor General's report. I invite Mr. Frank Daly, chairman of NAMA, to make his opening statement.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: Mr. Daly, I am sorry to interrupt. There is a vótáil in the Dáil Chamber. Several of us arranged during the last vote to put in place a pairing arrangement. The meeting is continuing. Several of us are paired so the meeting will continue uninterrupted. There might be a vote in an hour or so, but between now and then we have pairing arrangements in place.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Seán Fleming: I thank Mr. Daly for that opening statement. We are calling Deputy-----