ORA-08000: maximum number of session sequence lists exceeded
Cause : the sequence parent state objects for this session are all used
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
an internal error; quit the session and begin a new one
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.