ORA-26530: unable to build materialized view refresh control list
Cause : The materialized view control list could not be constructed. This is generally the result of an error while accessing the local materialized view catalog.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Verify that the named materialized view(s) are properly defined and valid.
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.