Corruption is a transnational financial crime which undermines the economic and political stabilities of States. The adverse effect of crime on the economic development of most countries has raised national and international concerns. This thesis, focusing on the situation in Nigeria, considers the need for a multi-faceted approach to legal and socio-cultural mechanisms to address the malaise. This work is based on four analytical viewpoints of the phenomenon: legal perspective, criminological perspective, sociological perspective and cultural perspective.