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Examples
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A spokesman for Bankole told the Associated Press that the former parliamentary speaker had not resisted arrest or planned to flee the country.
Nigerian Politician Accused of Misusing Millions of Dollars 2011
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The country's anti-corruption agency, the Economic and Financial Crimes Commission, of EFCC, accuses Bankole of misappropriating at least $60 million in state funds.
Nigerian Politician Accused of Misusing Millions of Dollars 2011
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Bankole conceded defeat to an opposition party candidate in Nigeria's April elections, one of a number of prominent politicians who lost their seats in the country's National Assembly.
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Bankole plead not guilty to those 16 counts in federal court on Wednesday.
Nigerian Politician Accused of Misusing Millions of Dollars 2011
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Babafemi gave no additional details about the allegations facing Bankole, other than to say that he would be held "in custody to enable him to have sufficient time to answer questions on the numerous fraud allegations against him."
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Bankole's detention is the highest profile case in many months for the Economic and Financial Crimes Commission, founded by former President Olusegun Obasanjo in 2003.
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His spokesman, Idowu Bakare, previously issued a statement saying Bankole "never benefited" from his position, including taking a more than $66 million loan from United Bank for Africa PLC for his office.
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Many pointed to Bankole's defeat as a sign that Nigeria's elections, typically marred by fraud and thuggery, had improved over the nation's 12 years as a democracy.
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It was not immediately clear if Bankole had a lawyer.
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Analysts say the case against Bankole, a prominent and influential politician during the last administration, could be a telling test of that commitment.
Nigerian Politician Accused of Misusing Millions of Dollars 2011
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