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I don't think either of them were scared and ducked a fight but both of them had demands. Jones asked for a lot of money and I think they could have negotiated that. On the other hand, Ngannou asked for a lot of things in addition to money. He wanted to box and had "certain stipulations" and the UFC wasn't going to meet all of his demands He priced himself out of the organization.
From mmajunkie
"Ngannou said he was keen on staying and re-signing with the UFC to fight with Jones, so long certain stipulations were met for his new contract. Those didn’t come to fruition according to Ngannou, thus prompting his exit from the UFC."
From mmajunkie
"Ngannou said he was keen on staying and re-signing with the UFC to fight with Jones, so long certain stipulations were met for his new contract. Those didn’t come to fruition according to Ngannou, thus prompting his exit from the UFC."

