The long-running feud between Immanuel Mulunga and his employer NAMCOR finally came to an end with the MD's dismissal.
Mulunga's dismissal on different charges follows his acquittal at a disciplinary hearing on another set of allegations.
In an eight-page termination letter, which listed charges, including fraud and gross negligence, the board says it fired Mulungu for his failure to answer the allegations and numerous other requests made to him as part of the disciplinary process.
The board says Mulunga failed to respond to allegations of misrepresenting NAMCOR in the purchase of Enercon assets worth N$53 million, which supply fuel to the Namibian Defence Force.
For this, the board charged him with gross negligence for entering into the purchase agreement without the necessary authority and without verifying whether the valuation report on Enercon's assets was properly done.
Currently, Enercon has accumulated debt of over N$114 million to NAMCOR in its oil supply deal.
Other charges faced by Mulunga, who has been on suspension since last April, include allegations of authorising the transfer of N$123 million from a NAMCOR account to Sungara Energies, co-owned by NAMCOR and two other foreign partners.
He was, however, found not guilty on this charge at a disciplinary hearing chaired by retired Supreme Court judge of appeal, Gerhard Maritz.
However, on a second and unrelated case related to breaching conditions of employment, which allegedly caused a material breach of trust, which Mulunga failed to respond to, the board says it received a full opinion from an independent legal practitioner to terminate Mulunga's employment on 23 May.
However, it decided to wait for the outcome of the process that was chaired by retired judge Maritz, who eventually acquitted him.
The board claims that it allowed Mulunga to defend his case and that the charges be heard together with other charges against him that were pending at the time, which they say he failed to do.
The termination is set to take effect on October 15, with Mulunga to receive two months' remuneration per the notice.
Mulunga's lawyer, Jermaine Muchali, told nbc News that neither he nor his client has been served with an official letter of termination.
Muchali says they learnt of the termination of Mulunga's job in the media, and in the absence of any official communication, he cannot comment further.