Files requested under FoI heavily blacked out

Nama’s fears over the impact of being subject to the Freedom of Information Act appear to be unfounded.

This follows the release of one of the first tranche of documents under the Freedom of Information Act that contains page upon page of redacted or blacked out material.

Three years ago, the chairman of Nama, Frank Daly told the Oireachtas finance committee that extending FoI legislation to cover the State’s bad bank would cause difficulties for the bank in its commercial objective of maximising its profits for the State.