One week after his election, political opponents claimed that Bankole had not completed his National Youth Service Corps (N.Y.S.C) service, which is mandatory for all Nigerian university graduates under thirty years of age when they graduate, and called for his resignation over the issue.
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The son of Abeokuta chief, Alani Bankole, he was a businessman before being elected to the House.
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In 2002, Bankole was elected to the House of Representatives on the People's Democratic Party (PDP) ticket to represent the Abeokuta South Federal Constituency of Ogun State.