Cryptocurrency exchange company, Binance said it is working very closely with the Nigerian government over its detained executive.

The CEO of Binance, Richard Teng, disclosed this on Thursday with the company’s head of financial crime compliance still in detention in Nigeria.

The Nigerian government’s Economic and Financial Crimes Commission (EFCC) is prosecuting Binance for laundering more than $35 million.

READ ALSO: Binance says no intention of paying $10 billion fine to Nigeria

“What I can say is that we are working very closely with the Nigerian authorities to try to resolve the matter,” Teng said while speaking about Gambaryan’s case during the Token2049 crypto conference in Dubai.

Nigerian authorities detained two senior officials of Binance, Nadeem Anjarwalla and Tigran Gambaryan in February when they arrived in the West African country to dialogue with government officials over the clampdown on the cryptocurrency platform.

READ ALSO: Groups seek FG’s protection for exposing Binance

Three weeks after their detention, Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences escaped from custody.

The 38-year-old Anjarwalla escaped on March 22 from the Abuja guest house where he and his colleague were detained.

He made away after guards on duty led him to a nearby mosque for prayers for the Ramadan fast.

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