NAMA review finds it has made 'exceptional progress', will manage loan book beyond 2021

NAMA review finds it has made 'exceptional progress', will manage loan book beyond 2021

A review by the Department of Finance has found that NAMA has made "exceptional progress" towards achieving its overall objectives.

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Nama forced into €2m settlement with Revenue, correspondence reveals

Nama forced into €2m settlement with Revenue, correspondence reveals

In correspondence from Nama to the Dáil's Public Accounts Committee (PAC) on Tuesday, an underpayment of VAT was disclosed and it was confirmed that Nama was hit with charges for breaking the rules.

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'It is very frustrating to see it': Developers buy back Nama loans at discounts

'It is very frustrating to see it': Developers buy back Nama loans at discounts

Nama developers have been able to buy back billions of euro worth of loans at massive discounts because of a major flaw in the laws which set the bad bank up a decade ago.

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Taxpayers let down over historic assurances about Nama

Taxpayers let down over historic assurances about Nama

The reassurances on Nama made by the late Brian Lenihan a decade ago were a puff of smoke, writes Political Editor, Daniel McConnell.

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Major flaw in laws prohibiting resale of NAMA properties to developers revealed

Major flaw in laws prohibiting resale of NAMA properties to developers revealed

A major flaw in the laws prohibiting the resale of properties taken over by NAMA to the developers behind them has emerged.

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Minister rules out suspending NAMA work pending report into sale of NI loans

Minister rules out suspending NAMA work pending report into sale of NI loans

The Minister for Finance, Pascal Donohoe has emphatically ruled out suspending the work of NAMA pending the final report of the investigation into the sale of NAMA’s Northern Ireland loan portfolio.

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Dublin PR firm for NAMA/NTMA receives €214,000 in fees in 2018

Dublin PR firm for NAMA/NTMA receives €214,000 in fees in 2018

Dublin based PR firm, Gordon MRM received more than €214,000 (incl 23% VAT) in fees last year for its public relations work for the National Treasury Management Agency (NTMA) and the National Asset Management Agency (NAMA).

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Number of NAMA and NTMA employees earning over €100,000 rose to 261 last year

Number of NAMA and NTMA employees earning over €100,000 rose to 261 last year

The number of high-fliers earning over €100,000 in remuneration at the National Asset Management Agency (NAMA) and the National Treasury Management Agency (NTMA) jumped by 15 to 261 in 2018.

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Mick Wallace calls on Finance Minister to investigate 'illegal' €26 million Nama deal

Mick Wallace calls on Finance Minister to investigate 'illegal' €26 million Nama deal

The sale of a portfolio of properties by Nama for €26 million was “illegal” and in breach of its own statutory act, the Dáil has heard.

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PAC calls for Dáil debate on future use of NAMA funds

PAC calls for Dáil debate on future use of NAMA funds

Ireland's political financial watchdog has demanded a full Dáil debate on how millions of euro in excess NAMA funds will be used in the future amid concern over Government claims the money will only be used to pay off the national debt.

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Nama paid €2.3m to 23 developers

Nama paid €2.3m to 23 developers

There are 23 developers still in receipt of incomes from Nama, with the highest-earning receiving €195,000 per year.

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23 developers claim €100k salaries despite being in Nama over debt

23 developers claim €100k salaries despite being in Nama over debt

At least 23 developers put into Nama because of their part in the economic crash are still receiving salaries of €100,000 a year.

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Nama sitting on over 35,000 house sites, Minister says they are not 'commercially viable'

Nama sitting on over 35,000 house sites, Minister says they are not 'commercially viable'

Up to 36,000 sites for new houses under the control of Nama have yet to be delivered, despite the four-year-old national housing crisis.

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PR firm receives €490k for NTMA, Nama work

PR firm receives €490k for NTMA, Nama work

Gordon MRM received over €490,000 in fees for its public relations work for the National Treasury Management Agency (NTMA) and Nama last year.

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Nama to pay off €30.2bn debt three years ahead of original schedule

Nama to pay off €30.2bn debt three years ahead of original schedule

Nama is to wipe out its €30bn debt three years ahead of schedule.

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Varadkar denies plan to use NAMA in social housing scheme without proper planning

Varadkar denies plan to use NAMA in social housing scheme without proper planning

Taoiseach Leo Varadkar has denied claims he made up plans to potentially use NAMA to help build social housing without any detailed planning taking place.

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Leo Varadkar: Nama could be 're-purposed' to help solve housing crisis

Leo Varadkar: Nama could be 're-purposed' to help solve housing crisis

The Government is "looking at the possibility of re-purposing Nama to develop lands on behalf of the state to step in where the private sector has failed."

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Financial watchdog urged to investigate Nama deal which saw €455m in assets sold to US multi-national firm

Financial watchdog urged to investigate Nama deal which saw €455m in assets sold to US multi-national firm

Ireland's independent financial watchdog has been urged to investigate a previously unknown Nama deal which saw €455m worth of assets sold to a US multi-national firm suggested by the developers who originally owned the loans.

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PAC Chairman claims Michael Noonan 'lost it' in the Dáil last night

PAC Chairman claims Michael Noonan 'lost it' in the Dáil last night

Michael Noonan accused the PAC of conjuring up unfounded criticisms of him.

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Report claims NAMA could have raised extra €18bn for taxpayer

Report claims NAMA could have raised extra €18bn for taxpayer

A new report on the activity of NAMA says the agency could have raised an extra €18bn for the taxpayer.

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Sale of Project Eagle was 'flawed' and 'unfair'

Sale of Project Eagle was 'flawed' and 'unfair'

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.

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Nama redeems €1.09bn of Senior Notes

Nama redeems €1.09bn of Senior Notes

The National Asset Management Agency (Nama) has redeemed €1.09bn of Senior Notes today, its first redemption in 2017.

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Government accused of using Dáil committees as 'patsies'

Government accused of using Dáil committees as 'patsies'

Government has been accused of using a powerful Dáil committees as "patsies" after it emerged two back-room staff working on the cross-party group's Project Eagle report were secretly taken off the project, causing a two month delay in its work,

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Mary Lou McDonald: 'Political messing' with PAC NAMA inquiry

Mary Lou McDonald: 'Political messing' with PAC NAMA inquiry

The Public Accounts Committee has heard claims of "political messing" with its inquiry into NAMA.

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Three reported to prosecutors over allegations of witness coaching at Stormont inquiry into Nama deal

Three reported to prosecutors over allegations of witness coaching at Stormont inquiry into Nama deal

A former Sinn Féin Assembly member and a high-profile loyalist blogger have been reported to prosecutors in connection with allegations of witness coaching at a Stormont inquiry.

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Nama must stop flogging off Irish assets to vulture funds, says Shortall

Nama must stop flogging off Irish assets to vulture funds, says Shortall

The Social Democrats are urging the Government to stop Nama selling Irish property to so-called 'vulture funds'.

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Nama bosses deny 'boardroom row' over Project Eagle deal

Nama bosses deny 'boardroom row' over Project Eagle deal

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

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PAC wants Nama to explain lack of notes on board meetings

PAC wants Nama to explain lack of notes on board meetings

The Public Accounts Committee is recalling Nama to explain why it did not keep notes of its board meetings.

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Nama chiefs to answer Dáil Committee questions on Project Eagle today

Nama chiefs to answer Dáil Committee questions on Project Eagle today

The Public Accounts Committee will hear from Nama CEO Brendan McDonagh and chairman Frank Daly today on the sale of Project Eagle.

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Nama made an 'eejit' out of deal-brokers in Northern Ireland property loans sale,  committee told

Nama made an 'eejit' out of deal-brokers in Northern Ireland property loans sale, committee told

Nama made an "eejit" out of internationally renowned deal-brokers involved in the controversial £1.2bn sale of its Northern Ireland property loans, a parliamentary committee has been told.

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Public Accounts Committee to question loan sales advisor to NAMA

Public Accounts Committee to question loan sales advisor to NAMA

The Public Accounts Committee will hear evidence today from another key player in NAMA's controversial Project Eagle.

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Ex Nama board member says Project Eagle deal was 'inspired'

Ex Nama board member says Project Eagle deal was 'inspired'

A former Nama board member has described the controversial Project Eagle deal which allegedly saw taxpayers lose out on €200m as a "superb" and "inspired" transaction.

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TDs want NAMA to return before Public Accounts Committee

TDs want NAMA to return before Public Accounts Committee

TDs are calling on NAMA to return before the Public Accounts Committee, after its evidence was contradicted by a major bidder for its loans.

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Pimco denies it was forced out of Project Eagle by Nama

Pimco denies it was forced out of Project Eagle by Nama

A senior Nama official told the original bidder for the Northern Irish loan book, US firm Pimco, that some other way could be found to stay in the process, despite the emergence of controversial 'fixer' fees, writes Irish Examiner Political Editor Daniel McConnell.

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Nama officials deny report that investors were discouraged from Project Eagle sale

Nama officials deny report that investors were discouraged from Project Eagle sale

Nama has denied that some potential investors were discouraged from participating in the controversial £1.3bn (€1.6bn) sale of its Northern Ireland loan book, known as Project Eagle, writes Daniel McConnell of the Irish Examiner.

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Top NAMA officials with 'most direct knowledge' of Project Eagle to appear before the PAC

Top NAMA officials with 'most direct knowledge' of Project Eagle to appear before the PAC

The Public Accounts Committee (PAC) will today hear from top officials at the National Asset Management Agency (NAMA) who dealt with the controversial Project Eagle sale.

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Nama advisors request that PAC not publish correspondence on Project Eagle

Nama advisors request that PAC not publish correspondence on Project Eagle

Advisors to Nama on the sale of its Northern Ireland loan portfolio are requesting that its advice is not published by the Public Accounts Committee.

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TDs 'shocked' at Nama executive's 'attacks' on the Comptroller and Auditor General

TDs 'shocked' at Nama executive's 'attacks' on the Comptroller and Auditor General

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.

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Former NAMA adviser tells PAC he had access to sensitive information

Former NAMA adviser tells PAC he had access to sensitive information

A former advisor to NAMA has contradicted the agency, by claiming he did have access to sensitive information about its loans.

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No Stormont pressure over Project Eagle sale, says Michael Noonan

No Stormont pressure over Project Eagle sale, says Michael Noonan

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

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Michael Noonan tells PAC 'there was no political pressure on NAMA' over Project Eagle

Michael Noonan tells PAC 'there was no political pressure on NAMA' over Project Eagle

Finance Minister Michael Noonan has insisted he did not put pressure on NAMA to sell the multi-billion euro Project Eagle property bundle in 2014, writes Fiachra O Cionnaith of the Irish Examiner.

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Noonan to face PAC as Stormont counterpart 'totally chillaxed' about Nama controversy

Noonan to face PAC as Stormont counterpart 'totally chillaxed' about Nama controversy

The Finance Minister Michael Noonan is to face the Public Accounts Committee today over the sale of Project Eagle.

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Stormont’s Finance Minister insists he has no questions to answer over Nama deal

Stormont’s Finance Minister insists he has no questions to answer over Nama deal

Stormont’s Finance Minister has insisted he has no questions to answer over a party colleague’s controversial contact with a witness to an inquiry examining Northern Ireland’s biggest property deal.

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NAMA criticised for failing to investigate alleged fixer's fee

NAMA criticised for failing to investigate alleged fixer's fee

NAMA has been criticised for failing to investigate the circumstances of an alleged fixer's fee to be paid to a former advisor.

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NAMA accused of attempting to brief PAC members on Project Eagle

NAMA accused of attempting to brief PAC members on Project Eagle

NAMA has been accused of trying to brief members of the Public Accounts Committee about Project Eagle.

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Nama 'must be held accountable for €1.39bn Project Eagle sale'

Nama 'must be held accountable for €1.39bn Project Eagle sale'

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.

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Auditor General: Nama didn’t take sufficient action over loan book sale concerns

Auditor General: Nama didn’t take sufficient action over loan book sale concerns

Latest: The Comptroller and Auditor General has said Nama did not take sufficient action when concerns were raised about the sale of its Northern loan book.

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Peter Robinson to be invited to appear before PAC

Peter Robinson to be invited to appear before PAC

The Public Accounts Committee is to invite former Northern Ireland First Minister Peter Robinson to appear before it.

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Any inquiry into all Nama sales could take up to 20 years, says Taoiseach

Any inquiry into all Nama sales could take up to 20 years, says Taoiseach

A full inquiry into all of sales made by Nama could take up to 20 years to complete, the Taoiseach has warned.

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Michael Noonan agrees to appear before the Public Accounts Committee

Michael Noonan agrees to appear before the Public Accounts Committee

Finance Minister Michael Noonan has tonight bowed to pressure and will now appear before the Public Accounts Committee (PAC) over Nama's controversial sale of its Northern Ireland loan book.

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I have been treated like a criminal, says man at centre of Nama controversy

I have been treated like a criminal, says man at centre of Nama controversy

The man at the centre of the controversy over Nama's northern loan book has broken his silence.

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Government and Opposition agree in principle to inquiry on Nama's sale of Project Eagle

Government and Opposition agree in principle to inquiry on Nama's sale of Project Eagle

The Government and Opposition have agreed in principle there should be a statutory commission of investigation into NAMA's sale of Project Eagle.

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Enda Kenny meeting opposition leaders to discuss Nama sale of Northern portfolio

Enda Kenny meeting opposition leaders to discuss Nama sale of Northern portfolio

The Taoiseach will meet opposition leaders this afternoon to discuss the sale of Nama's Northern portfolio.

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Project Eagle fees structure should have raised concerns for Nama, states C&AG report

Project Eagle fees structure should have raised concerns for Nama, states C&AG report

A report from the Comptroller and Auditor General (C&AG) today has stated that Nama should have had "concerns" around a fees structure for Project Eagle and took a "narrow approach" in addressing problems with the northern loan deal, writes Juno McEnroe, Political Correspondent .

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Latest: Mick Wallace calls on Government to halt further sales activity by Nama

Latest: Mick Wallace calls on Government to halt further sales activity by Nama

Update 6.22pm: Independent TD Mick Wallace said today that he believes the Commission of Investigation is the best way to proceed as the Government investigates Nama’s sale of Project Eagle.

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Latest: Calls for Commission of Investigation into Nama ‘pemature’, says Tánaiste

Latest: Calls for Commission of Investigation into Nama ‘pemature’, says Tánaiste

Update 11.47am: Tánaiste Frances Fitzgerald says calls for a Commission of Investigation into Nama are premature.

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NI finance minister: All-island Nama inquiry still possible

NI finance minister: All-island Nama inquiry still possible

The prospect of a cross-border Nama inquiry should not be completely ruled out, according to Stormont's finance minister.

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Cash handover claims in Nama case 'incredible', says Enda Kenny

Cash handover claims in Nama case 'incredible', says Enda Kenny

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

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Eighteen quit Sinn Féin party following McKay resignation

Eighteen quit Sinn Féin party following McKay resignation

Sinn Féin has said it is disappointed after a councillor and 17 activists quit the party.

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Pearse Doherty: Daithi McKay 'acted alone' on Nama loans inquiry

Pearse Doherty: Daithi McKay 'acted alone' on Nama loans inquiry

Sinn Féin finance spokesperson Pearse Doherty has insisted a senior party colleague suspended over claims he was coaching another witness in Northern Ireland's Nama loans inquiry acted alone throughout the controversy, writes Fiachra Ó Cionnaith.

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