Neco Model Questions Vol1 2021 Civic Education Question 8
Practice objective / multiple choice question 8 from the 2021 Neco Model Questions Vol1 Civic Education examination.
A public procurement project for building a school was budgeted at \(120{,}000{,}000\). Due to corrupt practices, the contractor inflated the contract price by \(15\%\) and paid a kick‑back equal to \(5\%\) of the inflated contract value to a senior official. In addition, the use of substandard materials reduced the building's lifespan by \(10\%\), which the government estimates will require an extra repair cost of \(8{,}000{,}000\). Calculate the total monetary loss to the government attributable to corruption in this project.
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About This Question
This is Neco Model Questions Vol1 2021 Civic Education Question 8. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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