Saturday 24 June 2017

The quiet developer who could bring Nama to its knees

Paddy McKillen has received support from many quarters in his battle against the State's 'bad bank', writes Liam Collins

THERE is an intriguing thank-you in the notes of U2's last album No Line on the Horizon. "Thanks also from Bono to . . . Paddy McKillen, Bernard McNamara, Johnny Ronan, Sean Mulryan and Derek Quinlan."

Why Bono should thank this particular group of Nama-bound developers is intriguing, and maybe it has something to do with the horizon over Dublin, which the same group of men did so much to transform in recent years.

But it is the name Paddy McKillen that stands out. The ultra-secretive McKillen emerged into the light last week as the man who could bring the National Asset Management Agency (Nama) to its knees. If that happens, the entire government strategy to deal with the banking collapse and the shocking debts of some developers could also come down like a derelict building in the docklands.

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