ORA-24358: OCIBindObject not invoked for a Object type or Reference
Cause : OCIBindObject was not invoked resulting in an incomplete bind specification for a Object Type or Reference.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Please invoke the OCIBindObject call for all Object Types and References.
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.