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NAMA must respect Assembly and appear before Committee - McKay

7 March, 2016


Sinn Féin MLA Daithí McKay has said NAMA should respect the function of the Assembly Finance committee to ensure probity in all financial transactions that could undermine public confidence.

Mr McKay said; 

"NAMA have many questions to answer in connection to how and when it became aware of the involvement of Frank Cushnahan in the sale of its northern property portfolio more than two years ago.

“It is therefore incumbent on it to make itself available to answer those questions before the Assembly Finance Committee.

"The sale of NAMA’s portfolio did not just have an impact on the southern taxpayer. It has seriously undermined and damaged public confidence in the North’s property market.

“It has created the impression that some of those who were responsible for much of the economic misery inflicted on the population seem to have received special consideration.

“I can see no justification for NAMA’s reluctance to appear before our committee unless it is intent on giving cover to those who may be guilty of financial wrongdoing.

“Therefore in the interests of openness and transparency I would once more call on NAMA to accept our invitation to appear.

"It is clear that a Commission of Investigation is needed to establish the full facts of the events leading to the NAMA sale but in the meantime there are immediate questions that the Assembly Committee requires responses to." 

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