ORA-24431: Statement does not exist in the cache
Cause : The statement that was requested for does not exist in the statement cache.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Please request for a valid statement.
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.