Irish Nationwide to accept funding

IRISH Nationwide Building Society (INBS) members yesterday voted to accept Government funding of up to €2 billion at a special general meeting.

Before backing the resolution they were told by chairman Danny Kitchen that former boss Michael Fingleton had not paid back the €1m bonus he had promised to return to the society.

Mr Fingleton said in a previous statement that certain accounting issues had to be resolved to his satisfaction before he would return the money.