The Police in a report said that the two men were imbibing when an argument ensued.
During the altercation, the victim allegedly injured the suspect with a knife, the suspect retaliated by physically assaulting the victim who subsequently died.
The victim has been identified as Sahadeo Sankar, 40 years, of no fixed place of abode, but the Police say he hailed from the Corentyne District.
The suspect who is said to be a fisherman of Crabwood Creek has been taken into custody for the murder and has since confessed to the crime.
The Police report said that the incident occurred around 03:00hrs this morning on the Crabwood Creek Public Road.
According to the police, the entire ordeal was captured on a nearby Close Circuit Television (CCTV) camera. The body is presently at the Skeldon Hospital Mortuary awaiting a post-mortem examination.