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Seanad
‹ Order of Business

NAMA transparency and property sales

Summary

Senator Daly seeks priority for a NAMA transparency Bill, alleging threats against Members and a lack of openness in NAMA’s property disposals.

I propose an amendment to the Order of Business that the National Asset Management Agency transparency Bill be taken today in the light of the fact that former employees of NAMA are threatening Members of the House. Mr. Paul Hennigan was employed by NAMA and went to work for an asset fund in London. Part of his job-----

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Denis O'Donovan An Leas-Chathaoirleach Fianna Fáil

It is inappropriate to name people who are not here to defend themselves. Bí cúramach.

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As the person I mentioned was threatening Members of this House, he deserves a little recognition for the fact that he seems to want to silence Members of the House.

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Denis O'Donovan An Leas-Chathaoirleach Fianna Fáil

Two wrongs do not make a right.

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It is inappropriate for any member of the public to try to prevent a Member of this House from doing his or her job, whether in raising issues of concern or a loss to the taxpayer. I fail to understand how NAMA has not included a clause in its employment contracts that employees who leave to work in other areas are not able to work in areas in which they could utilise sensitive information available to them. I notice that Senator Paul Coghlan is chomping at the bit. He keeps telling us that NAMA is as white as the driven snow. He is clear-----

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Denis O'Donovan An Leas-Chathaoirleach Fianna Fáil

Senator Paul Coghlan will be well able to make his own contribution.

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His coalition colleague, Senator Higgins, has raised the issue and everybody knows the taxpayer is at a loss in the way NAMA is selling its properties because it is not doing it according to the legislation and in an open and transparent manner. I support my colleague in calling for a debate on mortgages. The new code of conduct is coming out tomorrow and it will be a charter to terrorise those who are in arrears.

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