Nigeria is billed to play qualifying games for the 2015 Nations Cup next month,but it is yet to be ascertained who will coach the Super Eagles for the matches.
Owing to the crisis,the NFF have failed to reach an agreement with Stephen Keshi over a new deal to continue coaching the team.
This week,the headquarters of the NFF was razed by fire amid other problems engulfing the football federation.
“This crisis, if not stopped as quickly as possible will affect the team in the qualifiers,” Taribo told The Punch Newspaper.
“The main thing that ought to be done would be left undone and we all can see it now.”
Keshi has demanded to be paid N15million monthly but the NFF insisted that they can only pay him the previous N5million that he was earning monthly.
"This madness by the NFF must stop,” Taribo said.
“The madness in terms of not celebrating what is ours should stop. What Keshi is demanding is not too much for them to pay. How much is $10,000 that they can’t pay him?
“I played under the foreign coaches that they hired then; Thijs Libregts and Bora Milutinovic, who did not achieve what Keshi has achieved. He took us to the second round of the World Cup which only one foreign coach, Westerhoff, achieved.
“So the money he is asking for is not too much and the idea of hiring an interim coach is not welcome at all and should be thrown aside.
“They should talk to him and let him continue the work he had started with the team and if they know that they don’t want him again, they should let him go and hire another full time coach who will handle the team.
“They should stop wasting time and get into some action.”