- It is the policy of Newaves Innovations to establish, organize and maintain effective award programs to recognize and promote value adding individuals and corporate organizations.
- EKO Excellence Awards is an initiative of Newaves Innovations borne out of dedication, passion and vision to recognize and promote individuals and corporate organizations in Lagos State that invest in societal development and uphold industry best practices.
- Employees of Newaves Innovations and its partners are not eligible for the award.
- Newaves Innovations has the exclusive right to nominate and confer award on distinguished individuals in the honorary achievement category.
- Persons and organizations having profit making or commercial relationship with Newaves Innovations shall not be granted recognition, unless the contribution is substantially beyond the specified or within the terms of the contract establishing the relationship, in which case the recognition shall be honorary only.
- The award is a reflection of nominations from the general public. Newaves Innovations reserves the right to confer and withdraw any award given if the character or organization falls short of honesty, integrity and sense of responsibility even after conferment of awards.