ORA-12400: invalid argument to facility error handling
Cause : An argument to a facility error handling function exceeded a maximum limit or referred to an invalid product/facility.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify a valid facility error handling parameter value.
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.