Nigeria, May 9 -- The management of First News, an online newspaper, has retracted a story of a purported $30 billion fraud story allegedly involving President Bola Tinubu's Chief of Staff, Femi Gbajabiamila.

The newspaper published a retraction of the story with apology on its website on Wednesday.

The controversial news story, authored by the newspaper's editor, Segun Olatunji, was published on 29 January.

It was published with the title, 'How Gbajabiamila attempted to corner $30bn, 66 houses traced to Sabiu'.

But retracting the article on Wednesday, the First News management admitted that it found out that the publication about Mr Gbajabiamila contained "falsehoods and fabricated stories handed out to us as facts by a misleading so...