A man asked for assistance from Dagohoy police on Thursday, after he reported a robbery incident, reports said.
The victim, a collector of a finance corporation, said he was robbed by unidentified men near the border of Dagohoy and Pilar towns.
He told the police that while traveling another motorcycle with two men on board blocked his way and declared a hold-up.
He had no choice to give up the money in his possession and other property, fearing for his life after the robbers poked an unidentified caliber firearm at him.
The police are conducting a follow-up investigation on the matter.