Abstract: To estimate the depth to various magnetic sources within the study area, an aeromagnetic map with sheet number 301 published on a scale of 1:100000 was processed, analyzed and interpreted using spectral depth analytical technique with the aid of Arc GIS, Ms Excel and Origin Pro Software’s. In this study, two layered source model, D1 and D2 were observed and proposed and also prospective areas were delineated using Surfer 10. The topographic map generated using Surfer 10 shows the undulating nature of the basement surface. Depths to the deeper magnetic sources, D1 vary from 3.472 km to 6.972 km but with an average depth value of 5.010 km while the depth to shallower magnetic sources, D2 vary from 1.177 km to 1.834 km but with an average depth of 1.047 km. D1 and D2 represents magnetic basement bodies and intrusions respectively. The estimated average depth to basement of 5.010 km suggest relative sedimentary thickness for hydrocarbon accumulation and the non uniform basement suggest lineaments resulting to possible conduits and traps for economic fluids. Hence, the possibility of the study area to add to the economic reserve of the country cannot be ruled out when seismic sections are run over the area.