Friday 21 July 2017

Noonan agrees to PAC quiz over Nama loan sale

Finance Minister Michael Noonan has said he will appear before the PAC to be quizzed on Project Eagle. Photo: Tom Burke
Finance Minister Michael Noonan has said he will appear before the PAC to be quizzed on Project Eagle. Photo: Tom Burke
Cormac McQuinn

Cormac McQuinn

Finance Minister Michael Noonan has said he will appear before the Dáil's Public Accounts Committee (PAC) to be quizzed on Project Eagle.

Committee chairman, Fianna Fáil TD Seán Fleming, invited Mr Noonan to appear after the publication of the C&AG's report which found that Nama incurred a potential loss to the taxpayer of £190m (€223m) in the sale of its Northern Ireland loan book.

PAC chairman Seán Fleming. Photo: Tom Burke
PAC chairman Seán Fleming. Photo: Tom Burke

TDs want to ask Mr Noonan about his knowledge of the deal, which took place during the term of the last government.

In a statement yesterday, Mr Noonan said: "I have decided to accept the invitation of the Committee of Public Accounts to assist the committee in its examination of the C&AG's special report on the National Asset Management Agency's sale of Project Eagle.

"I intend to reply by letter to the Committee of Public Accounts to confirm this and to request assurances that the proceedings of the committee will be conducted in line with its terms of reference."

The PAC has invited him to attend on October 6, but this date - less than a week before the Budget - has not yet been confirmed by Mr Noonan.

Irish Independent

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