Thursday October 29, 2020

Report on Nama’s Project Eagle loans sale is delayed again

Commission of investigation seeks another extension, to December 31, as it waits for Nama’s responses on key issues

20th September, 2020
Nama has yet to respond to the commission of investigation on key issues, meaning its report has been delayed for the eighth time

The long-anticipated report on the controversial sale of Nama’s €5.8 billion Northern loan portfolio has been delayed until the end of this year.

The report on the circumstances surrounding the sale of the Project Eagle loan book to Cerberus, the US fund, has been dogged by repeated delays since it was established in June 2017.

The Nama Commission of Investigation, headed by retired High Court judge John Cooke, was due to submit its final...

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