ORA-12432: LBAC error: string

Cause : LBAC enforcement resulted in an error.

Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts

Correct the problem identified in the error message.

update : 28-04-2017

ORA-12432 - LBAC error: string
ORA-12432 - LBAC error: string

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    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.