Written answers

Tuesday, 21 February 2017

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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170. To ask the Minister for Finance if NAMA has been requested to provide information to the Comptroller and Auditor General in 2016 or to date in 2017 in relation to certain sales it has been party to in relation to the closed, non-competitive nature of the sales process; if so, the details of each such transaction and the information which has been provided; and if he will make a statement on the matter. [8683/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am taking the Deputy's question to refer to the Office of the Comptroller and Auditor General's current review of NAMA as required under Section 226 of the NAMA Act 2009.

The Deputy will be aware that the Office of the Comptroller and Auditor General's Section 226 review which "shall assess the extent to which NAMA has made progress toward achieving its overall objectives" is currently ongoing and is focusing on a number of recent transactions.

Neither I nor my Department have been approached by the Office of the Comptroller and Auditor General in relation to this review and so would have no information regarding the Office of the Comptroller and Auditor General's process and scope.  In addition, as this review is ongoing, it would not be appropriate for NAMA or the Office of the Comptroller and Auditor General to divulge what information is being requested by and provided to the Office of the Comptroller and Auditor General as relating to its work.

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