Social Media is an invaluable means of disseminating information to the citizenry; hence it is a powerful tool of propaganda. In lieu of the Nigerian situation, it acts as a two-edged sword as it allows citizens to be privy to information without impediments. However, this same tool has been used to misinform the populace and to circulate unverifiable and deceptive messages to citizens. As regards this, the basic question becomes: what are the advantages and disadvantages of the roles of social media in misinforming the general public about pandemics such as Covid-19? This qualitative study would explore social media outlets such as Facebook, Twitter, WhatsApp, blogs, online newspapers, and YouTube where the contestations about the pandemic are most pronounced. Considering that these are the major mainstream forums used by the populace outside the World Health Organisations (WHO), Nigeria Centre for Disease Control (NCDC) and State institutions, the most pervasive messages from these forums have been selected for analysis. The paper therefore interrogates the roles which social media play in either curtailing or aiding the spread of the news on the pandemic across the country. The paper concludes that the significance of Social Media outlets cannot be overemphasized with recourse to information dissemination. It also purports that these platforms have been abused as people hide under its anonymity to spread fake messages and instigate panic amongst members of the general public.