This paper focuses on democratic governance and the frightening impact of corruption in contemporary Nigerian society in the attempt to restore good governance and also improve the socio-economic development of the citizenry after about fifty eight years of independence. Related literatures to the variables were reviewed including the adoption of the descriptive and content analytical method in the analysis of the secondary data in order to achieve the objectives of the study. The social learning theory was employed as theoretical framework to guide the study. Findings reveal that the phenomenon of corruption has evidently graduated beyond impunity, both in volume, scale, breadth, depth and has become a national cancer in the country. Furthermore, findings also show that Nigerian politicians have entered into yet other webs of delusion, and deception to the extent that their pursuit of corrupt practices, they reason, is greeted with ovation. Aside this, the paper also highlights that since the mad rush for corrupt practices, especially amongst politicians seems impossible to abate, the alarming rate of vicious opulence which has engulfed the Nigerian nation clearly demonstrates naivety, desperation and un-Godly helplessness. Based on all these, the paper suggests that there is the urgent need to halt the hypocritical position in corrupt cases involving high influential members of the government as well as the immunity covertly granted their cronies. The paper recommends that amongst other measures, government should not only be transparent in enforcing all relevant laws against corruption, but prosecute all those found culpable. Finally, Judicial Service Commission as autonomous body should halt the incessant dismissal of corrupt cases by judges on technical grounds, as well as continuing to beam its searchlight on all corrupt judicial officers.