The biggest property deal in the North's history was "seriously deficient", the Public Accounts Committee (PAC) said.

The Public Accounts Committee’s report in Project Eagle has found it was not appropriate to give preferential treatment to any organisations engaged in the final stages of a bidding process for the purchase of assets owned by the State, or involved in a tendering process under public procurement.

The bosses of Nama have insisted there was no boardroom row over the controversial €1.6bn Project Eagle deal.

Northern Finance Minister Máirtín Ó Muilleoir has said Northern Ireland’s entire political system has been corrupted by the £1.24bn Project Eagle property sale.

Northern Ireland deputy First Minister Martin McGuinness has insisted he had “no involvement” in the appointment of businessman Frank Cushnahan to a Nama advisory group linked to Project Eagle.

Nama has been accused by US investment firm Pimco of “repeatedly mischaracterising” its role in the controversial sale of its Northern Ireland loan book.

A senior Nama director has dismissed as "simply wrong" claims that Nama lost up to €210m in its controversial sale of a massive Northern Ireland property portfolio.

Finance Minister Michael Noonan has insisted there was no political pressure from Stormont over the controversial sale of Project Eagle.

Finance Minister Michael Noonan will issue a staunch defence of any actions he took relating to the controversial Project Eagle deal when he attends a cross-party grilling today.

The articulate Waterford Fine Gael TD has long clashed with his boss, and Nama’s Northern Ireland loan portfolio is just the latest flashpoint, writes Daniel McConnell.

Nama chose not to “terminate” Frank Cushnahan’s role with the group when serious conflict of interest allegations surrounding Project Eagle first emerged because to do so would have damaged a recession-hit Ireland’s reputation even further.

Nama must be held accountable for its handling of the controversial sale of a £1.2bn (€1.39bn) Northern Ireland property portfolio, the Public Accounts Committe has insisted.

Bottles seized in the pub owned by former hurler of the year Lar Corbett were found to contain “counterfeit vodka”, a court has been told.

Finance Minister Michael Noonan faces questions about why he let a firesale of Nama’s £1.6bn Northern loans proceed and did not stop it after the emergency of success fee payments in bids.

Political reporter Fiachra Ó'Cionnaith breaksdown the 'Project Eagle' report and gives us an insight into what is to come.

Nama’s resistance to public scrutiny over its handling of the sale of a distressed loans in the North could result in harmful political fallout, writes Eamon Quinn

Taoiseach Enda Kenny has described allegations of bags of cash being paid to a former adviser to Nama as incredible and extraordinary.

Finance Minister Michael Noonan has questions to answer after keeping Stormont counterparts in the dark over proposed payments to a former adviser to Nama, a watchdog claimed.

Democratic Unionist leader Peter Robinson has rejected as “outrageous and groundless” an accusation he was to receive a payment linked to Northern Ireland’s largest ever property sale.

Nama chairman Frank Daly has denied that the Irish taxpayer was “robbed” or that the agency’s €1.6bn Northern portfolio sale — called Project Eagle — was a “corrupt” process.

Nama paid international investment house Lazard more than €5m to oversee the sale of the controversial Project Eagle loan portfolio which has been dogged by allegations of wrongdoing over the past fortnight.

The Oireachtas committee overseeing public spending has asked individuals linked with Nama’s €5.7bn Northern Irish property sale to answer outstanding questions over the deal.

The State’s spending watchdog is to investigate losses linked to Nama’s biggest property portfolio sale amid explosive revelations about fees that were lined up for parties connected to bidders in the deal.

As a former banker with double-figures boardroom and advisory posts on his CV, Frank Cushnahan has a reputation as one of the best-connected businessmen in Northern Ireland.

IT WAS back to the future yesterday at the Public Accounts Committee hearing. Strange goings on at the interface of business and politics. Middlemen pulling in serious bucks. Offshore accounts. Apparent conflict of interest.

Nama faced fierce scrutiny yesterday amid claims by senior members of the Dáil’s public accounts committee that it should have cancelled a huge sale last year of €5.7bn of Northern loans, codenamed Project Eagle.

2010:

The chairman of Nama has been accused of “failing to protect the public interest” amid calls for an all-island inquiry into alleged payoffs that were part of the agency’s biggest ever property deal.

An investment of £140m (€204.6m) in the development of the Port of Belfast was announced today.

THE Mid-West Support Group for people with Attention Deficit Disorder (ADD) plan to raise much needed funds from the Irish Examiner Limerick Women’s Mini-Marathon.

Irish MEP John Cushnahan has travelled to Sri Lanka to head a team of EU monitors overseeing the country’s upcoming general election.

The President of the European Commission, Romano Prodi, has repeated his warning that a two-speed Europe is inevitable if agreement isn't reached on a European constitution.

THE battle has begun in Fine Gael for the nomination to stand for the European Parliament in the elections next June following yesterday’s unexpected resignation of John Cushnahan.

Fine Gael MEP John Cushnahan has announced his intention not to seek re-election to the European Parliament next year.