Corruption has taken over the day to day discussion and deliberation on issues relating to national growth and development in Nigeria. It has become a virus eating into the bones and marrow of every sectors and structures of national policy and polities. It is crystal clear that if Nigeria fails to live above corruption and overcome it; it will not be long before corruption would end every hope of golden age of the nation. The paper examines the dimensions of corruption in Nigeria; with major attention on enumerating the weakness of the nation’s political, social and economic institutions including Economic and Financial Crime Commission as a bane militating against all efforts in winning against corruption. This breeds terrible corruption and evil is inimical and unimaginable threat to the survival of corporate existence of the nation. The paper explains the concept of corruption that act as forerunners of other social cankerworms. These are political and bureaucratic corruption. The implication of this cankerworm are also numerous: abject poverty, underdevelopment, unemployment; ethno-religious violence, secession, and terrorism as expression of grievances. This is the object of this paper as historical method becomes suitable in the collection of date, analysis and interpretation.