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Seanad
‹ Order of Business

Alleged conflicts involving NAMA

Summary

Senator Ó Domhnaill alleges conflicts of interest involving NAMA and senior financial figures, calls it a secretive organisation, and seeks a Finance Minister’s response. Senator Coghlan rejects the allegations and says NAMA operates lawfully.

One of the two individuals to whom I refer who were employed by HSBC and named in a damning report compiled by the US Senate is the special Government adviser to the Minister for Finance, Deputy Michael Noonan, in respect of NAMA, while the second is the chairman of AIB and has a close relationship with NAMA.

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Paddy Burke An Cathaoirleach Fine Gael

The Senator's time is exhausted.

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NAMA must be fully investigated. I have received hundreds of e-mails from people throughout the country in the past two days on the secret society that is NAMA. Who in Fine Gael will agree with my assertion that NAMA is a secret society?

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Paddy Burke An Cathaoirleach Fine Gael

The Senator is over time. I call Senator Fidelma Healy Eames.

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The Taoiseach said the same thing when he was in opposition. I call on the Leader to ask the Minister for Finance to come before the House to answer a number of outstanding questions on the secret society that is NAMA and the conflict of interests associated with those to whom I refer.

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NAMA operates within the law.

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Any Senator who defends NAMA must be asked why he or she is doing so and what links he or she has with that organisation.

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I have no links with NAMA, if that is what the Senator is implying.

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The Senator is obtaining inside information on it.

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I am not. The Senator ought to put up or shut up.

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