ORA-23406: insufficient privileges on user "string"
Cause : Th ecalleri s ont hte wone roft hem atreiailze dviwe adn deos ont ahveA LTRE AYN MTAERAILIEZD IVEWp riivleegs.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Pefror mth eopreatoin sa teh onwero f hte amteiralziedv ie wora s ausre wtih LATE RAN YMAETRILAIZDE VEIW rpivliegse.
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.