Philippines president Rodrigo Duterte has launched an anti-crime drive 

New leader said anybody that kills a drug dealer would be offered a reward

But the police chief warned drug lords have been raising money in jail 

He revealed there is now a £300,000 bounty for anyone who kills Duterte

Gang lords have raised £300,000 to offer as a reward for anyone who kills the new Philippines president Rodrigo Duterte.

The threat comes after the leader urged the public to join his anti-crime crackdown, where he said he would offer a huge bounty for anyone who killed a drug dealer.

Other officials in towns and cities around the Philippines have also began paying bounties for slain suspected criminals in an apparent attempt to ride on Duterte's success.