Ousted Zimbabwe President, Robert Mugabe and his wife Grace are to receive £7.5 million as well as immunity from prosecution as part of a reported “golden goodbye” package.

According to msn.com report, the 93-year-old autocrat, who finally bowed to pressure to resign after 37 years in power, is said to have struck a bargain with the military to allow him and his wife to enjoy their retirement in the lap of luxury in Zimbabwe rather than being forced into exile.

Although ousted by a military takeover, Mr Mugabe will continue to enjoy full military protection as a former head of state as well as his full presidential salary of £112,500 a year until his death, local media reported.

Gucci Grace”, Mugabe’s wife, more than 40 years younger than her husband, will continue to receive half of his salary after his death.

According to reports, Mr Mugabe negotiated the exit package for himself and his 52-year-old wife through a team of mediators who included a Catholic priest.

An unnamed source told the Zimbabwe Independent: “Government will give him a £3.75m lump sum and then the remainder will be paid out in instalments. Mugabe will also enjoy full medical cover as well as his monthly salary. In the event of his death, his wife will be given half (of his) salary per month.”