Thursday February 20, 2020

Project Eagle comes home to roost

When it comes down to brass tacks, the question is whether the taxpayer could have got more from the sale of Nama’s Northern Irish loan book

2nd October, 2016
Nama chairman Frank Daly (right) with the agencys press adviser Ray Gordon Picture: Rollingnews

The Project Eagle saga is getting into gear. Last week, the Public Accounts Committee (PAC) began a probe of the deal that will run until Christmas. This will be followed by an unprecedented statutory inquiry into the National Asset Management Agency (Nama).

At its core is a totally abnormal sales process. The report of the Comptroller and Auditor General laid bare how Project Eagle was structured; set against the background of intense political pressure, allegedly...

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