Noonan happy with Nama’s land sale role

Finance Minister Micheal Noonan said that he was satisfied with the levels of accountability in Nama after coming under pressure to change the rules governing how the agency disposes of property under its control.

A Fine Gael backbencher joined calls by Fianna Fáil for a change of the guidelines to ensure all properties sold by Nama are advertised on the open market.

The demands came following the sale of a 450-acre land bank at Douglas, Cork, for a reported €7m by agents appointed by Nama, without being put on the open market.