Michael McGrath: ‘Nama debtors must pay up’

The Government’s desire to close the National Asset Management Agency (Nama) early must not present the opportunity for certain debtors to be left off the hook.

That is according to Fianna Fáil’s Finance spokesman, Michael McGrath who was responding to the Minister for Finance Michael Noonan confirming that it is Nama’s aim to reduce its current workforce of 370 to 60 in three years.

In a separate written Dáil reply, Mr Noonan stated that Nama is currently involved in 174 active litigation cases, including 31 cases in which Nama is the defendant and 143 cases initiated by Nama.