Michael Noonan will not get grilling on Nama deal

Finance Minister Michael Noonan will likely not be questioned by the high-profile Public Accounts Committee about Nama’s €1.6bn Project Eagle sale.

Mr Noonan, expected to return to work today after a short illness, faces scrutiny about why he failed to stop the deal when it emerged ‘fixers’ fees were linked to bids.

An audit last week found that Project Eagle was sold for £190m less than its potential value, and that the prospect of fixers fees of £15m should have raised alarm bells. Mr Noonan was told about these in March 2014. Other questions include how much pressure was applied on Nama to accelerate deals.