NAMA boss gets 70% pay rise

NAMA board members are to receive higher fees for their work than originally planned, it was confirmed yesterday.

Chairman Frank Daly is to get a 70% rise in his salary up to €170,000 from €100,000. The other six members of the board will receive a 32% increase in their fees, from €38,000 to €50,000.

The figures were confirmed by Finance Minister Brian Lenihan in reply to a Dáil question from Sinn Féin’s finance spokesman Arthur Morgan. The board was announced on December 22.