PAC urges all-island probe into Nama 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.

Some £5m was to be paid to one former adviser with the agency by a US equity fund if it won the bidding war for a massive property portfolio in the North.

There are now calls for an all-island investigation into the revelations.