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Business as usual for NAMA as far as Noonan is concerned - Pearse Doherty TD

29 September, 2016 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has said as far as Michael Noonan is concerned it is “business as usual” for NAMA.

He was speaking after an exchange with the Minister in the Dáil where Minister Noonan refused to direct NAMA to suspend the next large sales process and to support the Comptroller and Auditor General Report.

Deputy Doherty said:

“Minister Noonan ignored this issue for over two years after I first raised it before finally giving in and accepting the need for a Commission of Investigation. Now it seems as far as he is concerned it is back to business as usual for NAMA.

“Michael Noonan and his government don’t understand the serious damage done to the public’s confidence in NAMA over the Project Eagle affair. It cannot be back to business as usual. The sales processes especially Project Gem must be suspended.

“I gave the Minister ample opportunity today to give his support to the Comptroller and Auditor General Report but he failed to do so. Despite the mounting evidence, the government simply cannot accept that there are wider issues with how NAMA is operating that need to be answered.

“When the accelerated timeframe for NAMA to wind up was announced Sinn Fein said it was a dangerous move. We are still of that view and have been proved correct.

“The public have lost what trust they had in NAMA. Michael Noonan cannot, like NAMA, try to bluster through this scandal. He needs to hit the pause button and reassess what role NAMA is playing in our economy. The way to do that is through a direction to NAMA that he has not hesitated to use on other matters like IBRC."


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