Ebrington may have lost cash to Stormont - Audit Office

The Clock Tower, Ebrington Barracks, Derry
Image caption The NI Audit Office said money earmarked for Ebrington may have been spent elsewhere

A government spending watchdog has said money earmarked for the redevelopment of Ebrington barracks in Londonderry may have been spent elsewhere.

Money from the sale of another barracks in Magherafelt should have gone to Derry's regeneration company, Ilex, but instead went to the Executive.

Magherafelt barracks was one of six sites which were transferred to the Executive for free in 2003.

This was done on the basis that any money raised from their sale would be used for peace projects.

The NI Audit Office said it is unclear if this was achieved.

It also said it has concerns that Stormont did not get the best value from the sale of a former army barracks in Belfast's Malone Road.

The Malone Road site was bought for £3.8m, less than the initial valuation.

The developer who purchased it sold the site on the same day it was bought.

The office of the First and Deputy First Minister and the Department of Finance disagree that they could have got more for the site.

More on this story