After this, he withdrew from politics for a while, until becoming one of the founding fathers of the People's Democratic Party (PDP) and serving in the role of chairman on the Obasanjo '99 Campaign Committee.
He later served the role of board member and Head of the Procurement Committee in the National Fertilizer Company Of Nigeria (NAFCON).
He was also appointed Chairman of Duke Oil (NNPC Trading), which is based in Europe, but died shortly before he could assume this post.
Takuma first gained notoriety for criticizing the Aguiyi-Ironsi administration's handling of the January 1966 coup suspects while he was working at a radio station.
As one of the major NPN secretariat officials during the Second Republic, he had brushes with the Unity Party of Nigeria (UPN) and its leader, Obafemi Awolowo.