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Nama probe will go on despite Stormont crisis

The finance committee has been holding an inquiry into the Nama Northern Ireland loan deal
Brendan Hughes

THE Stormont finance committee's Nama inquiry will continue despite the ongoing political crisis threatening the future of the power-sharing executive.

MLAs are expected to still attend scheduled assembly committee meetings over the coming weeks.

The finance committee has been conducting an inquiry into the £1.3bn sale of Nama's property loan portfolio in Northern Ireland.

It followed allegations made in the Dáil in July that a northern politician was set to personally benefit from the deal.

The future of the probe seemed unclear after DUP ministers resigned from the executive on Thursday amid a political fallout over the murder of ex-IRA man Kevin McGuigan.

But a Northern Ireland Assembly spokeswoman yesterday confirmed that "committees are still continuing".

The finance committee will also still have the required number of MLAs to hold meetings and make decisions even if DUP members refuse to turn up.

The committee has 11 members, including four from the DUP and one Ulster Unionist.

A quorum of five is required to open meetings and vote on matters.

If this falls to four during a meeting, members can still continue with proceedings but cannot make any decisions.

Nama (National Asset Management Agency) is the 'bad bank' set up by the Republic to clear property loans from bailed out lenders.

Independent TD Mick Wallace claimed in the Dáil that a £7m offshore account linked to the northern Nama deal was earmarked for a Northern Ireland politician or political party.

A criminal investigation led by the British National Crime Agency (NCA) has also been launched.

Earlier this month Belfast businessman Gareth Graham told the Stormont probe he had tapes of phone calls showing an "ingrained culture of inappropriate and possibly illegal conduct" across political, banking, legal and accountancy sectors.

The finance committee is to due to meet with the Dáil public accounts committee in Dublin over their respective probes on Nama.

The Stormont committee's next meeting is due to take place on Wednesday.

Read the full background to the £7m Nama scandal

Graham tapes feature at least one DUP politician
Jamie Bryson gets go-ahead for Stormont evidence
Nama probe: Gareth Graham makes complaint to US watchdog
INSIGHT: Meet the man who heads up Cerberus NI
ANALYSIS: Quietly-spoken businessman gives extraordinary evidence
Questions raised over NCA probe into Nama scandal
Cushnahan heart attack may thwart Stormont evidence bid
Nama: Where are the secret tapes and why were they made?
Cushnahan-linked firm offers to testify to £1.3bn Nama committee
Law Society warned by police not to jeopardise Nama probe
Law Society appear in front of frustrated Nama committee
Jamie Bryson asked to supply Nama deal information
Stormont Finance Committee to take advice on compelling Nama to attend inquiry
Florida drops anti-sectarianism laws over Nama bid
Robinson involvement in Nama's loan book continued after sale
Freedom of Information anomaly sparks concerns
Nama letter shows Cushnahan had "designated assistants at Tughans"
Peter Robinson's son worked for firm given £9m by Nama
Sinn Féin's Mary Lou McDonald withdraws committee call
Nama: Top civil servant 'prefers not to answer questions'
Simon Hamilton raised Nama issue in meeting with Michael Noonan
London urges Stormont to "keep a close eye on Cerberus"
Wallace will give bribe info to gardaí
Robinson's lobbyist son has 'access all areas' at Stormont
Nama: Sinn Féin Stormont MLA meets National Crime Agency
Fresh start for £7m lawyer Ian Coulter
Industry body calls for lobbyist register
Taoiseach questioned over £1.3bn Nama sale
Stormont's Nama inquiry is a non-starter
Ex-Tughans solicitor Ian Coulter pictured for first time
£7m lawyer says no Nama sale money intended for politicians
Ian Coulter's Nama statement
Nama: Law Society asks to be ordered before Stormont probe
'Up to four politicians from two parties' linked to Nama scandal
The Nama scandal – a timeline
Wallace prepares to unveil more details of Nama deal
When the north starts to resemble Craggy Island
Nama: What we know, and what questions remain unanswered
Peter Robinson denies he was to benefit from Nama deal
Frank Cushnahan was 'well known and well placed'
Nama: Simon Hamilton criticised over Cerberus meeting
Martin McGuinness 'unaware' of Robinson Nama letter
£5 million Frank Cushnahan Nama fee 'arrangement' revealed
Law Society 'silliness' over handling of Tughans probe criticised
First Minister's son breaks silence on Nama deal
National Crime Agency to lead probe into Nama claims
McGuinness kept in dark over Robinson's Quayle meeting
Nama: PSNI probe into 'potential criminal activity'
Loyalist blogger facing legal action over DUP claims
Peter Robinson could face Stormont Nama probe
No signs of life at Gareth Robinson's publicity-shy PR firm
Secret Cerberus meetings between Peter Robinson and ex-US Vice President
Peter Robinson's son worked for Nama deal law firm
Former Nama member Frank Cushnahan had close ties to the DUP
Stormont calls for anyone with Nama information to come forward
Peter Robinson: I met with US firm over Nama portfolio
Analysis: Questions in the Nama sale which remain unanswered
Allister says 'immediate questions need answered on 'NAMAgate'
TD claims further revelations to come on NI Nama sale
Peter Robinson: I met with US firm over Nama portfolio
Secret tapes stored on £7m Nama deal
Explosive claims about £7m 'earmarked for politician"

 

 

 

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