The brain drain phenomenon has been a topical issue for quite some time. It has been argued by some writers that there are definite benefits derived by both donor and receiving nations as well as the individual involved (Chukunta, 1976; Oh, 1973; Adams, 1968). It can be said that the loss suffered by the donor-nation by far outweighs the attendant benefits. This becomes obvious when one considers the following facts: (1) the donor-nations are generally the developing nations which are suffering from acute shortage of high level manpower desperately needed for accelerated economic development; and (2) the individuals involved (that is, the nationals of the donor-nations who have left their countries to reside in foreign countries either permanently or indefinitely) belong to the very small group of intellectuals and high level manpower most needed in those developing countries. Many studies have been conducted to find out why the phenomenon does exist (Adams, 1968;Okediji and Okediji, 1973; Oh, 1977; Chukunta, 1976).