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Written Answers — National Asset Management Agency: National Asset Management Agency (14 Feb 2012)

Gerry Adams: Question 150: To ask the Minister for Finance the funds made available to NAMA borrowers from assets which are in NAMA to pay for the legal fees incurred by the borrower in attempting to prevent NAMA appoint a receiver over their assets; the number of borrowers in NAMA who have commenced proceedings against NAMA but continue to receive a salary from NAMA in accordance with their agreed...

Written Answers — Department of Finance: NAMA Debtors (20 Sep 2012)

Gerry Adams: To ask the Minister for Finance the number of borrowers in the National Asset Management Agency who have one or more performing assets in NAMA; if these NAMA borrowers are allowed recoup income from the performing NAMA asset as well as the salary which the borrower is receiving from NAMA in accordance with their business plans with NAMA; and if he will make a statement on the matter. [39690/12]

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Feb 2012)

Gerry Adams: Question 151: To ask the Minister for Finance the number of borrowers in the National Asset Management Agency who have one or more performing assets in NAMA; if these NAMA borrowers are allowed recoup income from the performing NAMA asset as well as the salary which the borrower is receiving from NAMA in accordance with their business plans with NAMA; and if he will make a statement on the...

Leaders' Questions (7 Jul 2015)

Gerry Adams: I have previously raised widespread concerns about the operation of the National Asset Management Agency, NAMA. This deals with billions of euro in public assets being sold to vulture capitalists behind closed doors and without any democratic oversight. NAMA has been ordered by the Government to wind up faster than its 2020 remit, which also raises concerns about a fire sale of assets; we...

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Feb 2012)

Gerry Adams: Question 149: To ask the Minister for Finance if the National Asset Management Agency continues to pay salaries to NAMA borrowers when NAMA has appointed receivers over their assets; if NAMA allows the NAMA borrower to recoup any rental income from assets where receivers have been appointed over their assets; and if he will make a statement on the matter. [7692/12]

Leaders' Questions (24 Jun 2015)

Gerry Adams: Yesterday, the National Asset Management Agency, NAMA, lost a five-year battle at public expense to prevent details of its loans and properties being provided to the public. Why would NAMA want to prevent citizens knowing about its activities? Is it not unfair and unjust that the taxpayer might have to pay for NAMA’s effort to prevent the very same taxpayer knowing what the agency is...

Leaders' Questions (19 Jul 2016)

Gerry Adams: Three weeks ago, there was a motion before the Dáil calling for the establishment of a commission of investigation into the sale of NAMA's Northern loan book, Project Eagle. The Government and Fianna Fáil blocked this motion. The Taoiseach claimed that the allegations relating to the sale of Project Eagle had nothing to do with NAMA as an entity. Yet it emerged last week that the...

Leaders' Questions (24 Sep 2015)

Gerry Adams: For most of the lifetime of this Dáil, Sinn Féin has been raising concerns about the sale of NAMA's loan books, including its Northern loan book. There is now a growing scandal around the revelations that an illegal £15 million fixer's fee was to be paid as part of the sell-off of this Northern loan book. As the Tánaiste may be aware, this matter was brought to NAMA's...

Leaders' Questions (8 Jun 2016)

Gerry Adams: Last week, I raised with the Taoiseach the need for a full investigation into the sale and purchase of NAMA's Northern loan book, Project Eagle. As the Taoiseach avoided my question, I propose to put it to him again. Some of the allegations are shocking. Between May 2010 and November 2013, a member of NAMA's advisory board is alleged to have been charging a fee for advice about NAMA. It...

Written Answers — Department of Finance: NAMA Bonds (30 Apr 2013)

Gerry Adams: ...contingent debt liability to the State from the existence of outstanding the National Assets Management Agency bonds that shall be held by the Central Bank of Ireland as consideration for NAMA’s acquisition for the net debt owed by the Irish Bank Resolution Corporation to the Central Bank of Ireland, there is a clear economic incentive for the Irish Exchequer not to sell the IBRC...

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Gerry Adams: For years Sinn Féin has raised concerns about the sale of NAMA's loan books, including its Northern loan books. I have raised the issue with the Taoiseach on several occasions. It is not just an issue about the North or, as the Tánaiste described it, just a Northern tale; rather, it is a national tale. The revelations, which the Minister conceded in his remarks today, that an...

Leaders' Questions (28 Feb 2012)

Gerry Adams: ...last election, Fine Gael rightly railed against what it described as "professional advisers, accountants, lawyers ... [and] other consultants ... linked [with the] National Asset Management Agency, NAMA, the National Treasury Management Agency, NTMA, the bailed-out banks, the Central Bank and the Department of Finance". The Taoiseach and Fine Gael correctly identified an obvious conflict...

Leaders' Questions (31 May 2016)

Gerry Adams: I understand the British National Crime Agency has arrested two people today as part of its investigation into NAMA's Northern loan book, known as Project Eagle. For years now Sinn Féin and others have raised concerns about the sale of NAMA's loan books, including the sale and purchase process for its Northern loan book. The Taoiseach and the former Tánaiste, Deputy Joan Burton,...

Leaders' Questions (28 Feb 2012)

Gerry Adams: It was the Taoiseach who identified the conflict of interest and I am bringing it to public attention. That is what this question is about. NAMA has told me some of its senior management have links with 16 of the firms the agency selected to advise it on loans sales. That is the question. It is interesting that since its foundation, NAMA has spent €27.5 million on legal fees, €2.5...

Leaders' Questions (24 Jun 2015)

Gerry Adams: ...question, is to suspend non-contracted disposals activity for a time-limited examination of the books. Recently, the Dublin county board of the GAA failed in a bid to buy the Spawell centre from NAMA although it offered more than the €6.5 million asking price. Why would this be so? Cumann Lúthchleas Gael is an organisation of which we are all proud. Is this not the type of...

Written Answers — Department of Finance: NAMA Bonds (19 Feb 2013)

Gerry Adams: ...Assets Management Agency bonds that shall be issued in consideration for the net debt owed by the Irish Bank Resolution Corporation to the Central Bank of Ireland; if he will detail when these NAMA bonds shall be issued; if he will confirm whether these NAMA bonds shall be acceptable collateral under the ECB open market operations; if he will confirm whether if they are acceptable...

Leaders' Questions (8 Jun 2016)

Gerry Adams: ...a distraction. These are allegations and I have been very careful to couch them in that way. The Taoiseach speaks of rumours. I have not put any rumours to him. It is very precise. A member of NAMA’s advisory board is alleged to have been guilty of malpractice and possible criminal offences, aided and abetted by a senior officer with NAMA. Why will the Taoiseach not set up...

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Feb 2012)

Gerry Adams: Question 152: To ask the Minister for Finance the number of borrowers in NAMA who have one or more assets in NAMA that receives rental income from the State, a State owned entity or semi-State entity; and if he will make a statement on the matter. [7695/12]

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Feb 2012)

Gerry Adams: ...processes and procedures by which loans shall be assigned to any of the 16 loan sale advisers which have already been appointed by the National Asset Management Agency; the number of employees in NAMA who formerly worked for any of the loan sale advisers appointed on the panel; if he will name any of the loan sale advisers appointed for whom no NAMA employee has ever worked for; if he will...

Written Answers — Department of Finance: IBRC Liquidation (30 Apr 2013)

Gerry Adams: ...to a meeting of the Committee of Public Accounts of 7 March 2013 (details supplied) if he will give details of the liquidation process of Irish Bank Resolution Corporation and the participation of NAMA in the process; if he will clarify whether it is the case that NAMA is required to bid at the independent valuers valuation of the loan book if nobody pays more or whether it is the case...

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