Kuye who launched the first Naira denominated MasterCard enjoys the CEO seat of SANEF

The appointment of Ronke Kuye, a veteran of payments and a co-founder of CEBIH, to run SANEF is a significant step in the right direction.

The Bankers’ Committee has appointed Ronke Kuye, the former General Manager at Guaranty Trust Bank (GTBank), as the first CEO of Shared Agent Network Expansion Facility (SANEF), initiative of the CBN to accelerate financial inclusion in Nigeria. The appointment took effect on February 1, 2019.

Powered by the CBN, SANEF is supported by the deposit money banks, Nigeria Inter-Bank Settlement Systems [NIBSS], licensed mobile money operators and shared agents with the primary objective of accelerating financial inclusion in Nigeria.

The CBN plans to have about 500,000 registered agents network across Nigeria on or before the year 2020. SANEF has recorded about 70,000 registered agents across Nigeria.

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.Y

Kuye founded Payment Card Advisory Services after having recently retired from a successful banking career. She has over 25 years’ experience in operations, institutional banking, retail banking and cards and electronic payment.

Kuye’s experience in payment cards dates back to the inception of cards in Nigeria, from the advent of the electronic purse (Valucard) to the evolution of chip and pin cards.

Until June 2014, Kuye was the GM in GTB as head of the transaction services division. Prior to this, she was responsible for the e-business and card services where she set up a successful card business and alternative channels of payment.

Kuye’s notable achievements include the launching of the first Naira denominated MasterCard (accepted worldwide) in Nigeria, the first MasterCard World card in Africa, the first pin-pad devices used for pay and receive in bank branches and setting up of a successful Centralised Processing Centre (CPC) in GTBank.


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