From top: Sinn Féin leader Gerry Adams and Taoiseach Enda Kenny in the Dáil this afternoon
During Leader’s Questions.
Sinn Féin leader Gerry Adams raised Nama’s controversial sale of Project Eagle again with Taoiseach Enda Kenny, calling, again, for a Commission of Investigation into the sale.
From their exchange…
Gerry Adams: “Some of the allegations are shocking. Between May 2010 and November 2013, a member of Nama’s advisory board is alleged to have been charging a fee for advice about Nama. It’s further alleged that the same individual had an unethical working relationship with a senior Nama officer, which gave him access to additional and sensitive commercial information.”
“It is also alleged he was lobbying on behalf of clients to reduce loan repayment demands, and in return he would secure cash payments – so-called ‘fixer fees’ – which were shared with the senior Nama officer.”
“Now when Nama decided to sell its Northern loan book to US vulture fund, Cerberus, this individual was offering to disclose information relating to the value of the loans to a bidder called Pimco. It’s alleged that Pimco discovered that payment of a fixer fee of £15million was requested. This was to be paid if Pimco were successful. Pimco reported this to Nama and withdrew from the process.”
“According to a Sinn Fein freedom of information request, Minister Noonan was updated by the Nama chairman regarding these transactions and it’s still today unclear why the minister did not intervene to exercise his general powers of direction over Nama to suspend the sale’s process until these matters were fully investigated. Taoiseach, if found to be accurate, these are serious allegations of financial corruption and insider trading in which the taxpayer has suffered a huge loss.”
Enda Kenny: “If you want to give me, if you want to give me evidence of why there should be a Commission of Investigation in this jurisdiction, I’d be quite prepared to listen to it.”
“I’ve got, I hear allegations, rumours and speculation but that’s not the basis for setting up a Commission of Investigation for any particular matter. Minister Noonan dealt with the question of a company that was in a tender position here which was not proceeded with when the question of a fixer’s fee arose.”
“Now if you have other information beyond that deputy, obviously, you know yourself, you bring that to the gardaí. But if you produce evidence to me here in the House, as to why a Commission of Investigation should take place in this jurisdiction, when there are legal cases being pursued in Northern Ireland, in where we would not have jurisdiction in the Commission of Investigation set up here.”
“The principal personnel with Nama were in front of the relevant committees here, they gave long and detailed explanations. Nobody has presented me with evidence of wrongdoing by Nama in this jurisdiction and the allegations that you make relate to other areas…”
Previously: ‘Nama Has Done Nothing Wrong’