Windows 10
Processor:1.33ghz
Ram:2g
Bitz:32& x64 based processor
 
Unable to import audio, tried converting and changing import settings from original but still nothing Alert keeps popping up with the details of "RIFF FILE CREATE FAILED" and the specific files that are failing which are all of them ANY HELP!!!
 

I'm confused.  You say Riff file create failed yet you say you are importing.  I was able to import a riff file in to Sonar Platinum.

What Cakewalk product are you using?  1.33 ghz and 2gig seems a little light on specs.  It it below the minimum specs for Sonar products
 
https://www.cakewalk.com/Support/Knowledge-Base/2007013383/SONAR-Platinum-Professional-Artist-System-Requirements

Try deleting the contents of the picture cache folder to see if that helps. You can find the location in Preferences-->File-->Audio Data-->Picture Folder. If needed the size of the cache can be set in Preferences-->Audio-->Configuration File-->PicCacheMB which might be a consideration based on your system specs.

Try moving the files to import to the same drive where the project or SONAR program files are located. This should avoid any permissions problem.