C&AG report: Michael Noonan faces quiz on Nama firesale

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.

C&AG report: Michael Noonan faces quiz on Nama firesale

An audit by the State’s financial watchdog of Project Eagle has concluded that the agency incurred a potential loss to the taxpayer of £190m. The Comptroller and Auditor General report has prompted the Government to agree to the potential further investigation.

Ministers have expressed confidence in both the C&AG and Nama, despite the latter contesting the findings.

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