The state's chief spending watchdog says NAMA should have done more to examine fixers fees to one of its own advisors.

The claim from Seamus McCarthy come as TDs prepare to question NAMA about the sale of its Northern Ireland loans.

He's also queried why NAMA didn't get outside help to find out exactly what the loans were worth, before they were sold.

Our political correspondent Gavan Reilly filed this report for Today FM's National Lunchtime News:

Later in the afternoon NAMA's chairman Frank Daly downplayed the role of the Northern Irish advisor, Frank Cushnahan, in the sale of the loans.

He said Mr Cushnahan was "peripheral" and that the Northern Ireland advisory committee was only a diplomatic vehicle without access to sensitive details.

Earlier the state's spending watchdog said NAMA should have done more to investigate the role that Frank Cushnahan had in selling Northern loans.

But at the Public Accounts Committee this afternoon, Frank Daly said Cushnahan had no valuable information: