ORA-17622: failed to deregister the memory with Oracle Disk Manager library
Cause : The ODM library returned an error while trying to deregister the memory.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Contact the Oracle Disk Manager Library provider
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.