Written answers

Wednesday, 26 March 2025

Department of Finance

National Asset Management Agency

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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44. To ask the Minister for Finance if he is aware of a case regarding NAMA and land in Cork city (details supplied); if he will provide assurance that NAMA has not been outmanoeuvred in this case; and if he will make a statement on the matter. [14356/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Deputy will be aware that, under sections 99 and 202 of the NAMA Act 2009, NAMA is unable to divulge confidential information regarding NAMA debtors or their assets, or commercial transactions in which they are involved. Notwithstanding these statutory and legal limitations, I am advised by NAMA that it has considered the judgment that issued in 2024 in the case raised in the article to which the Deputy refers. Nothing therein or otherwise within NAMA’s knowledge leads it to conclude it has been “outmanoeuvred” in the sense of any breach of the NAMA Act 2009 having taken place on the part of any present or former NAMA debtor in respect of that transaction.

As the Deputy will be aware, all NAMA debtors must disclose interests in companies or properties to NAMA when producing a sworn statement of affairs in the required NAMA format, which is standard practice. If they omit to do so, that is potentially a criminal offence. It is NAMA’s standard practice that sworn statements of affairs are produced regularly by NAMA debtors. I would request that if the Deputy or persons known to him have further information that may be relevant to any consideration of NAMA on the matter, they are welcome to submit it to NAMA directly for its consideration.

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