One of the problems facing most third world, developing and or underdeveloped countries including Nigeria today is corruption. This to a large extent affects development. In Nigeria for example, this problem has become endemic such that the entire fabric of the society is affected. Past administrations be it civilian or military had in the time past, put in place machineries to curb and or curtail this menace. Presently, there are institutions established with the sole aim of eradicating corruption. Yet, the disease has refused to go away or die. This is due to the fact that the apostles of this crusade against (corruption) are in most instances affected by it. Corruption is an ethical and moral problem not subject to a consistent theoretical construct, because it varies from place to place, time to time, culture to culture and with the level of development in given country. While one can say that corruption is a global phenomenon, the degree of corruption varies. For example, the incidence of corruption is less in developed countries with good welfare system; it is high in countries and or less developed economies with poor welfare system and income. It is less in socialist countries than in capitalist countries.