Project Eagle sale backed

Finance Minister Michael Noonan said yesterday that Nama has nothing to hide over the sale of the Project Eagle loans in the North.

He said Nama had not proceeded in any unusual way in conducting the sale last year and that he was satisfied there was a sufficient number of bidders involved in the competitive tender.

Speaking to the media at Treasury Buildings yesterday, Mr Noonan said he had no role in the commercial operations of Nama. Nama was run on a commercial basis by its managers, executives and by the board of Nama.