Senior figures from NAMA will be questioned today by TDs about the sale of its Northern Ireland loans.

The Public Accounts Committee will have two different hearings this morning about the sale of NAMA’s Northern Ireland loans, known as Project Eagle.

First they’ll hear from the Comptroller and Auditor General, the state’s official spending watchdog, who believes NAMA missed out on around 230 million euro on the sale.

That’s because he believes that when NAMA was estimating the commercial market value of the properties, they wrote them down by more than they usually would.

The Comptroller Seamus McCarthy says there was no good reason to do so, and that the sale price should have been far higher.

TDs will then hear from NAMA’s chairman and chief executive,  who say that finding is not only wrong, but that the Comptroller’s staff didn’t even have the expertise they needed to look at the job in the first place.

Today’s hearings will also point the way towards a full legal inquiry, and highlight the issues that need clarity.