How to get registered as a SANEF agent in Nigeria

Shared Agent Network Expansion Facility (SANEF) is an initiative powered by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, licensed Mobile Money Operators and Shared Agents with the primary objective of accelerating financial inclusion in Nigeria.

CBN plans to have about 500,000 registered agents network across Nigeria on or before the year 2020. A registered SANEF agent is expected to render basic financial services like account opening, cash deposits, cash withdrawals, funds transfers, bills payments and government disbursement.

It also involves remote enrollment on Bank Verification Number (BVN) to an estimated 50 million Nigerians that are unbanked at the moment.

The initiative will create a platform for Nigeria’s owned financial services companies to grow and at the same time, create jobs for young Nigerians. So, wherever there is a SANEF logo, Nigerians can perform aforementioned financial services.

Currently, there about 70,000 registered agent cut across Nigeria, and as stated earlier, by 2020, this number should be about 500,000.

How to Register as a SANEF Agent.

You will have to get in touch with a licensed fintech company to get registered as a SANEF agent.

Currently, CBN has given license to a few fintech companies to carryout registration on behalf of SANEF. This means, to get registered you most get in touch with one of these companies.

Your best bet will be to send an email or call the phone numbers of one or two of these fintech companies to get a list of their individual requirements needed for a successful registration.

Licensed Fintech Companies and Contacts

The operators include three mobile money operators: Paga, Cellulant, eTranzact; six Super Agents: Interswitch, Capricorn, Innovectives, Inlaks, Unified Payments and Xpress Payment Limited. Their contact details:

  1. Paga:; +234 700 000 7242
  2. Cellulant:; +234 903 972 2907
  3. eTranzact:; +234 813 741 8795
  4. Interswitch:; +234 1 700 4347
  5. Capricorn:; +234 818 653 8560
  6. Innovectives:; +234 1290 4554
  7. Inlaks:; +234 1 280 1076
  8. Unified Payments:; +234 700 864 3433
  9. Xpress Payment Limited: +234 818 886 6022

Basic Requirements to Become a SANEF Agent

  1. Must be able to read and write
  2. Must have a functional computer or at least an android enabled mobile phone
  3. Must have an existing physical shop/business outlet
  4. A copy of ID or equivalent (Driver’s license, National ID card, Int’l passport, Voter’s card)
  5. A Passport-sized photograph
  6. Proof of Address (Utility bills e.g. PHCN, LAWMA, DStv, GOtv, StarTimes, etc.)
  7. Financial/Bank account detail or statements
  8. At least 10,000 naira startup capital. Some licensed operators have their startup capital at 200,000 naira.

How Much Can an Agent Earn Monthly

Your monthly earnings depends on your location and the type of SANEF agency you operate. The type of SANEF agency you operate has to do with your startup capital. If you operate in a busy location, you can earn as much as 100,000 naira monthly. Apart from that, NIBSS will pay agents N100 for every unique BVN registered.

If you have any question, drop it at the comment section below.

Basic Financial Services Rendered by a SANEF agent:

  • BVN enrollment
  • NIMC enrollment
  • TIN registration
  • Sim card registration
  • Bank account opening
  • Card issuance
  • Cash deposits & withdrawal
  • Loan disbursement & repayment
  • Balance enquiry & fund transfer
  • Remittances
  • General insurance
  • Health insurance
  • Life insurance
  • Accident insurance
  • Agric & farm insurance
  • Government tax payment
  • Cable payment

Written by NaijaRoko

Viral news from Nigeria


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  1. How do we registered for this sanef agent account asap.. How many working days before u been given ur pos and every necessary things to be an agent

    • It all depends on the POS provider you wish to work with. In my post, I included the phone numbers of the major providers. You will have to contact them so they give you all the guidelines needed to become an agent. One very good one is Interswitch. You will have to contact Interswitch for registration guidelines. Thanks.

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