The Dáil has heard calls for the Government to hold an independent inquiry into the sale of NAMA's Northern Ireland portfolio.

Independent Deputy Mick Wallace has alleged that "fixers" fees as high as €45m were paid in relation to Project Eagle.

Speaking during Leader's Questions he also called for Cerberus to be disqualified from Project Arrow, the NAMA sale of a portfolio of Irish and British loans.

Interest in last year's sale of NAMA's Northern Ireland property portfolio to US investment company, Cerberus, increased after Mr Wallace used Dáil privilege to make allegations of impropriety.

He claimed that over £7m had been discovered in an Isle of Man bank account and Northern Ireland politicians were in line for kickbacks.

A criminal investigation into the transaction is now under way in Northern Ireland and a Stormont Committee is also scrutinising what happened.

NAMA officials have said the agency received all the proceeds from the sale and the money had nothing to do with it.

Mr Wallace said the taxpayer in the south had picked up the shortfall on the sale of the Northern Ireland NAMA portfolio.

Tánaiste Joan Burton called on Mr Wallace to take his information to the investigation committee in Northern Ireland.

Ms Burton also rejected calls for a Commission of Inquiry and said she was not in position to make a judgement on the facts he was now putting forward.

Sinn Féin leader Gerry Adams asked Ms Burton to confirm if the Taoiseach had got a letter alerting him to concerns about Project Eagle.

She said she was advised the sale of the loans was executed in a proper manner.

PAC may invite NI finance committee to meeting

The Dáil Public Accounts Committee may seek members of the finance committee in the Northern Ireland Assembly to come before it to give evidence next week to discuss the sale of NAMA's former Northern Ireland loans portfolio.

Officials from NAMA are due before the PAC next Thursday and members of the PAC have now decided to invite members of the Northern Ireland committee to the meeting.

Independent TD Shane Ross suggested that members of the finance committee of Northern Ireland be invited to attend the PAC, which was met with general agreement from fellow PAC members at today’s committee meeting.

Committee chairman John McGuinness said he would check if it is possible to invite the Northern Ireland finance committee members to attend.