"Extortion" is not the right word here. The OP was genuinely in hot water due to their own actions, Irlan was offering a potential way out. It would be extort

"Extortion" is not the right word here. The OP was genuinely in hot water due to their own actions, Irlan was offering a potential way out. It would be extortion if Irlan had (say) planted a kilo of heroin in his bags and then demanded money.