Sale of Project Eagle was ‘flawed’ and ‘unfair’

The Public Accounts Committee’s report in Project Eagle has found it was not appropriate to give preferential treatment to any organisations engaged in the final stages of a bidding process for the purchase of assets owned by the State, or involved in a tendering process under public procurement.

THE sale by Nama of its Northern Ireland loanbook was “flawed” and “unfair”, a damning new report is to find.

The Public Accounts Committee (PAC) report into the sale, known as Project Eagle, has found the agency erred on several counts into the €1.6bn sale.