Shekau, the Boko Haram leader, initially demanded N1 billion.
Boko Haram were paid N500 million ($3.15 million) to free seven French hostages kidnapped in February, a confidential document from the Nigerian government available to Reuters states.
The insurgent group kidnapped the French hostages in Cameroon on February 19 near Wasa National Park in Northern Cameroon, which borders North-Eastern Nigeria.
The hostages, a family of seven including four children, are believed to have been brought into Borno State after the kidnap. They were released two months after the kidnap on April 19.
The document, according to Reuters, did not state who paid the ransom although French and Cameroonian authorities denied that any ransom was paid.
Apart from the money the insurgents were paid, the document states, Cameroonian authorities also released some Boko Haram suspects in detention as part of the deal.
The sect had threatened, in a video released on YouTube in March, to kill the hostages unless Nigeria and Cameroon release some of its members in custody.
The report also states that Abubakar Shekau, the sect’s leader had asked for N1 billion to free the hostages but finally accepted half of the money, after agreeing to the release of his members in Cameroonian jails as part of the deal.
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