Objective:To investigate the socio-economics and medicinal utilization ofSpondia monbin, commonly known as plum in English and iyeye in Yoruba.Methods: Three communities were selected in Abeokuta which was Itoku, Kuto, and Omida using purposive random sampling technique because of the concentration of users in the area. Structured questionnaire was administered to randomly selected marketers, consumers and herbalists from the three communities. Utilization and marketing margin were descriptively analyzed.Results: The results showed that the leaves were being used for child birth aid, cough, sore throat, efu dudu, antiseptic soap, malaria and stomachic. The bark uses included child birth aid, inflammation concoction, fever, stomachic, malaria, and efu dudu. The uses of the fruit included cure for dizziness, stomachic, eaten as food, and fibroid. The seed were also being used for child birth aid, fibroid, and stomachic. The marketing margin analyses revealed that trading on the plants was profitable with the bark having the highest margin which showed the level of its profitability.Conclusions:The study reveals the medicinal potentials and the socioeconomic importance of Spondia mombin hence the need to conserve the species from unsustainable exploitation to ensure its availability.