"no such file or directory" issue is produced when the user does not run the application with Eclipse (MFP installed) to start the MFP adapters first. To fix this and build the app, follow the basic instructions below.
Import the project directory into Eclipse. Then run the 'SBBAdapter' by right clicking it then clicking "Deploy MobileFirst Adapter" in the dialogue shown below:
Then run the 'iphone' app by right clicking it and selecting the "Xcode project" option of the below dialogue:
Once it's running, Xcode should open, and you can build and run the app from there. If it still fails at this point, try doing a Clean and Clean Build Folder in Xcode. Click Product > Clean for a clean and hold alt/option and select Product > Clean Build Folder for a build folder clean.