C&AG report: Inquiry into sale of assets ordered

The Government is to order an inquiry into the £1.2bn sale of Northern Ireland property assets by Nama.

The Project Eagle deal with US investment fund Cerberus in 2014 has been dogged by scandal for more than a year, including £7m linked to it being found in an Isle of Man bank account.

The Government confirmed the Public Accounts Committee would first examine a Comptroller and Auditor General (C&AG) report into the affair before a formal inquiry is launched.