Nama faces PAC probe as £7m lawyer stash revealed

Claims made in the Dail by TD Mick Wallace have piled pressure on Nama and prompted calls for a full inquiry into the agency, Ronald Quinlan and Maeve Sheehan report

ALLEGATIONS: Mick Wallace

Ronald Quinlan and Maeve Sheehan

The National Asset Management Agency is to be summoned before the Public Accounts Committee to explain what it knows about allegations dogging the sale of its €5.7bn par value Northern Ireland loan book - Project Eagle - for €1.6bn.

The independent TD Mick Wallace claimed in the Dail that a £7m fee to be paid to a law firm was discovered in an Isle of Man bank account where it was "reportedly earmarked" for a leading Northern Ireland politician.