The Makurdi club have not had a substantive coach since 2009 when Iorfa fired Evans Ogenyi with three matches of the season left.
Since then, the former striker has combined his role of club chairman with coaching responsibilities, as well as generally managing the club.
Under his guidance, Lobi have reached the Federation Cup Final and are the brink of winning the Premier League with one match day to go and Iorfa told KickOffNigeria.com that he sees no reason to step aside
"I have done well with the team, so why should I want to step aside?
"Coaches never want to listen. If you try to give them suggestion they say you are interfering with their job and then they will be losing matches up and down," Iorfa said.
Lobi surrendered a 1-0 lead to lose 1-2 to Heartland in Sunday's showpiece Final, but Iorfa remains proud of the effort, pointing to inexperience as the bane of his predominantly young side.
"We lost the match through inexperience.
"Apart from David Tyavkase, John Lawrence and Jonah Abutu, most of the boys have not played at this stage before.
"At the end of the day, people said it was a good FA Cup Final and I'm happy with that."
Despite his tough talk, Iorfa says he has not closed the door on a proper coach for his side.
"If I find someone that understands what I want, yes, we can talk. But for now, I will continue coaching the team."
Iorfa is currently assisted by former youth international John Zaki.