For years, Nama used the Comptroller & Auditor General as a safety blanket, a method of showing the world that it was subject to rigourous oversight by a reputable state watchdog. For some time after it was established, Nama quickly rebuffed any criticisms of its processes or its transparency by pointing to the C&AG. That relationship changed in 2016, following the comptroller’s damning report into Nama’s Project Eagle portfolio sale. Nama was scathing in its response to the report, questioning the ability of the state’s spending watchdog to get basic calculations correct. Last week, late on Thursday night, another C&AG…

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