This antifungal study on Ocimum gratissimum is rare in Nigeria and hence this study seeks to justify the ethobotanical uses of the plant. The antifungal activity of Ocimum gratissimum used by traditional medicine practitioners against the three major Dermatophytes -Trichophyton, Microsporum, Epidermophyton together with Malassezia furfur (the cause of Pityriasis versicolor (Eczema)), were studied by well-in-agar diffusion technique using different concentrations of ethanolic extracts. Isolates from the scalp, skin, toes and feet of forty individuals (mainly children) were obtained in four locations namely Aluu, Choba, Rumuosi and Emohua areas of Rivers State, Nigeria. The results of the study revealed the significant inhibitory effect of Ocimum gratissimum at five different concentrations of 250mg/ml, 200mg/ml, 150mg/ml, 100mg/ml and 50mg/ml used. The diameter zones of inhibition exhibited by the extracts against the test fungal species ranged between 12.50 and 20mm. The minimum inhibitory concentrations (MICs) of the ethanol extract of O. gratissimum was 50.01, 52.40, 63.06 and 63.09 mg/ml for Malassezia furfur, Microsporum, Trichophyton and Epidermophyton, respectively. Assessment of the various MICs showed that Ocimum gratissimum has great potential for use as an antidermatophytic agent. The study showed that the extracts from the leaves of Ocimum gratissimum had pronounced antifungal activities on all the fungi tested. The study has shown that the leaves extracts of O. gratissimum are quite promising and have strongly indicated the antifungal activity spectra of leaves extract of the plant. In conclusion, the results from this study indicated potentials of leaves extract of Ocimum gratissimum as a source of antifungal compounds.