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Fianna Fail and Fine Gael cannot be allowed to stall NAMA inquiry - David Cullinane TD

1 February, 2017 - by David Cullinane TD


David Cullinane TD, Sinn Féin spokesperson for Public Expenditure and Reform, said today that Sinn Féin will not allow the government and Fianna Fail to row back on their commitment to an inquiry into NAMA.

Deputy Cullinane said:

"It is incredible that the Minister for finance can stand up in the Dail and say that everything is ok with NAMA. This flies in the face of the minister's own acknowledgement in front of the Public Accounts that Committee that there was a corrupted process in relation to the sale of Project Eagle.

“The C&AG Report into Project Eagle is a shocking exposé of the type of lax oversights and informal relationships that appear to inform NAMA's engagement with its mandate.

“The question raised by the Report – one that the C&AG is not mandated to address – is a simple one: if a corrupted process such as Project Eagle was allowed to proceed, where else has NAMA been soft on conflicts of interests in order to complete a sale?

“It is somewhat shocking, but unfortunately not surprising, that Fianna Fail are running scared of an inquiry into NAMA as it was set up under their watch.

“However, the questions surrounding NAMA won't go away. That is why it needs to be investigated especially in the face of such steadfast reluctance from the establishment parties.”

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