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NAMA to hit ghosts

NAMA'S chief executive has said that he and his colleagues took a 30pc reduction in their pay at the start of the year.

Brendan McDonagh (right) was addressing members of the Mid-West branch of Chartered Accountants Ireland in Limerick.

He said that he and his colleagues were very conscious of the effect of the economic downturn on the country's citizens.

Meanwhile some foreign owned banks under NAMA contol are considering returning some ghost estates into green field sites. The agency is dealing with between 28 and 230 "ghost" developments