Replaced the grip, downloaded newest SW from the following link:
https://vkbcontrollers.com/?page_id=4609

VKBDevCfg: 0.91.78
NJoy32 firmware: v2.03.0
Firmware version: v2.025
Actions performed
- Flashed firmware
- Default settings
- Re-Calibration
Hat switch #1 (mini-stick) on the top (Master mode) is working fine no issues.
Hat switch #2 (mini-stick) on the bottom left (Gate cont) is activating wrong directions when pressed in hat POV mode.
(Note. RotZ and Slider1) Axis under this mini-stick appear to be working with no issues.
When I push UP, the test screen shows an arrow to the right.
When I push Down, the test screen shows an arrow to the left.
When I push to the Right, the test screen shows an arrow to the up position.
When I push to the Left, the test screen shows an arrow to the down position.
Example:
This is what happens when I push the hat switch down

P.S At first the hat switch wasn't being recognized as a POV hat so I've saw this forum post and after performing the action suggested in the post it showed up to a point where you see now.
viewtopic.php?f=25&t=5281&p=47050#p47050