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Government must urgently publish NAMA report and establish inquiry - Gerry Adams TD

10 September, 2016 - by Gerry Adams

Sinn Féin President Gerry Adams has said the government must publish the Comptroller and Auditor General’s report into NAMA’s sale of its Northern property portfolio and establish a Commission of Investigation as a matter of urgency.

Deputy Adams was speaking today after the Irish Times reported that the C&AG’s report found ‘shortcomings’ and ‘irregularities’ that could have cost the state ‘hundreds of millions of euros’.

He said;

“Sinn Féin has consistently called for a Commission of Investigation into the sale of the NAMA portfolio. At each turn the government and Fianna Fáil have sought to frustrate and delay any inquiry. The Taoiseach and Micheal Martin have no longer anywhere to hide on this issue.

“The report from the Comptroller and Auditor General appears to confirm that process of sale of these assets was highly questionable and at a cost to the state of hundreds of millions. 

“Concerns about these transactions were raised with Micheal Noonan during the sales process. 

“He went ahead with the sale, knowing that there were significant questions raised about the role of a committee member. 

“The Government must publish the report as a matter of urgency and establish a Commission of Investigation. 

“There is also a need for all transactions involving NAMA to be suspended pending an inquiry.  Last week’s BBC Spotlight programme showed that there is an insider within NAMA working against the interests of the state.  Therefore the state needs to protect its assets urgently.”


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