Tom Molloy: Watchdog gives the thumbs-up on NAMA's performance
Published 03/11/2010 | 05:00
THE Comptroller & Auditor General, (C&AG), the State's often outspoken watchdog, has given a cautious thumbs-up to the way NAMA manages its operations. While yesterday's report will add nothing to the sometimes feverish debate about the agency's pros and cons, it suggests NAMA has not become the money-making machine for the professions that many feared it would.
The C&AG also appears not to have unearthed examples of the sort of waste and shoddy tendering that is endemic in other parts of the public service.
The report is long on detail and short on comment but the conclusion is straightforward and reassuring -- that the steps taken by NAMA so far to create structures and systems to run the agency are "reasonable".